Business improvement loan

Muriuki

Chuka, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Muriuki

Member since

February 2015

On-time repayments

209 installments • 10%

About Me

My name is Muriuki Mugambi aged 24 years.I attended Ndagani Primary School and later went to Chuka Boys High School for my secondary education.After which I joined Chuka University where am currently taking a degree in Economics and Sociology.My homeland is at Tharaka-Nithi County in Meru South,Eastern province. I come from a single parent family of eight.I have been overcoming my challenges such as lack of fees through this business as well as doing small job like agribusiness in my home. Since Chuka is a growing town as well as business center there is a high possibility that a well started business will grow. Currently i do not have a family but i hope that my business will grow such that my children will manage it. My hobby is making friends and reading inspirational books. This helps me in knowing how to socialize with customers.

My Business

I sell popcorn and soft drinks to university students at the school's student center. I came to realize many students like popcorn and soft drinks and they could access it from the towns supermarket which happens to be far from the school and so I started the business. Since I was not financially stable, I made this observation and thought it wise to start this business.Also the popcorn business was not time consuming and required less funds to start. It gave me ample time to balance between running a business as well as attending my classes. It costs me around 80 dollars per week to purchase popcorn grains and soft drinks which will return profits of 40 dollars weekly. I use my profits for my sustainability and also paying for my school fees. The remaining profits I reinvest into the business as I am planning to buy a freezer for selling ice-creams.The cost of a freezer is around 350 dollars.

Loan Proposal

am planing to buy a freezer for ice creams since i have my little savings . in addition to what i will be funded by the zidisha organization since it one of the the goods i believe will highly increase my income since the have high profits compared to other items i can sell. by doing this i will increase my customer satisfaction and increase my income. this will make me pay back zidisha loan and make a step forward in my business. so the 100dollars will be a game changer in my life, thanks to zidisha.