Buy a freezer and inventory of candies and ice-cream

Margaret

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Margaret

Member since

October 2014

On-time repayments

235 installments  •  53%

About Me

My name is Margaret Wangari, born in Kirinyaga county which is on the slopes of Mount Kenya. I was born into a farming family where my parents were and still are peasant farmers. I endured deprived upbringing but somehow managed to get education up to secondary level. These struggles early in life would later prove crucial in my life since I can handle many difficult situations.

I had a desire to continue with my education but I got married soon after finishing secondary education and that put to an end to my education journey. I directed my energy to bringing up my family and we were blessed with three children who came in quick succession. They are all grown up now and the first two are looking for jobs while the last born is still in school.

I am a strong woman who values hard work and honesty. Through hard work, I have managed to improve my life in spite of many hurdles that often come along the way.

My Business

I relocated to Mombasa soon after getting married because this is where my husband works. My husband and I decided to start a small grocery shop to supplement his income. Through hard work, the shop has grown into a relatively big ration store where I sell common house hold goods such as soaps, flour, green vegetables etc.

I run the shop in my backyard and this helps me a lot since I do not have to pay rent for this space. I have one assistant who helps me in day to day running of the shop. My children also spend some of their free time in the business.

I make an average net income of about $350 and this helps in paying my bills and other household expenses. In fact my family's life would be very difficult without this business.

Loan Proposal

For a long time, I have longed to get into the business of selling candies and ice-cream. My business in the coast region of Kenya with soaring temperatures and high humidity. This makes the demand for this products to be very high especially with the young population.

If I am successful in this loan, I will spend it as follows:
1. Buy a freezer for storing the cold products @ USD 300
2. Buy an assortment of chocolates at a total cost of USD 50
3. Buy an assortment of ice-cream at a total cost of USD 70
4. Buy two portable coolers for transporting these products to nearby school at a total cost of $60.

I will also employ two casual workers to be selling these products outside the shops especially near the schools where they are likely to record good sales. This will be a success since I have seen other people make a lot of cash from similar business.

Kindly make your contributions towards this loan and be part of my dream.

Show original English  

About Me

My name is Margaret Wangari, born in Kirinyaga county. I endured deprived upbringing but somehow managed to get education up to secondary level. This struggles early in life would later prove crucial in my life since I can handle many difficult situations.

I
I am a strong woman who values hard work and honesty. Through hard work, I have managed to improve my life in spite of many hurdles that ofter come along the way.

My Business

I relocated to Mombasa soon after getting married because this is where my husband works. My husband and I decided to start a small grocery shop to supplement his income. Through hard work, the shop has grown into a relatively big ration store where I sell common house hold goods such as soaps, flour, green vegetables etc.

I run the shop at my backyard and this helps me a lot since I do not have to pay rent for this space. I have one assistant who helps me in day to day running of the shop. My children also spend some of their free time in the business.

I make an average net income of about $350 and this helps in paying my bills and other household expenses. In fact my family's life would be very difficult without this business.

Loan Proposal

For a long time, I have longed to get into the business of selling candies and ice-cream. My business in the coast region of Kenya with soaring temperatures and high humidity. This makes the demand for this products to be very high especially with the young population.

If I am successful in this loan, I will spend it as follows:
1. Buy a freezer for storing the cold products @ USD 300
2. Buy an assortment of chocolates at a total cost of USD 50
3. Buy an assortment of ice-cream at a total cost of USD 70
4. Buy two portable coolers for transporting these products to nearby school at a total cost of $60.

I will also employ two casual workers to be selling these products outside the shops especially near the schools where they are likely to record good sales. This will be a success since I have seen other people make a lot of cash from similar business.

Kindly make your contributions towards this loan and be part of my dream.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$483.00

Date disbursed

Apr 3, 2015

Repayment status

On Time

Projected term

7 months

Lenders

T

Tmann

Los Angeles, United States

A

Anninymouse

Southampton, United Kingdom

carlos vendrell

Barcelona, Spain, Philippines

AH

Aleksi H

Helsinki, Finland

mbunifu

San Jose, United States

cyrus0302

San Francisco, United States

snapcore

--, United States

DeanDropshot

Oslo, Norway

S

stroll

Stockholm, Sweden

M

m_dennis

Toronto, Canada

T

taiti123

Singapore, Singapore

T

tloureiro

Pfungstadt, Germany

Zidisha

Sterling, United States

michellev

Melbourne, Australia

E

evanglend

Arlington, United States

P

PeaceandLove

Morro Bay, United States

B

blahblah

Nuernberg, Germany

M

mason243

Denver Colorado, United States

J

Jennifer

Minneapolis, United States

J

jdhowa2

Louisville, KY, United States

B

briansedz

Canton, Ohio, United States

beverly

Vancouver, Canada

CharlieBfl

Vaduz, Liechtenstein

G D Export

Kolkata, India

J

jjonas

berlin, Germany

EmilAsker

Lomma, Sweden

J

jasonbronowitz

Tempe, United States

B

bhalter

Eau Claire, United States

S

Snake707

Somewhere, Germany

Sombreronick

Mainz, Germany

indeh

London, United Kingdom

J

Jaslogic

Castle Rock, United States

rasmus

Bern, Switzerland

Myrar

Aarau, Switzerland

K

KDeath

Dublin, Ireland

D

duckdork

De Forest, United States

B

blue0green717

St-Lucien, Canada

Cloudways

Malta, Malta

P

planespotter

Berlin, Germany

Jouni

Finland

N

nanax005

SALEM, United States

J

JoeSolar

Virginia, United States

B

BClay

Campbell, United States

ads68

Melbourne, Australia

S

silsley

Cheltenham, United Kingdom

skullyjo

Winnipeg, Canada

P

pignolet

zurich, Switzerland

E

eboleaga

Mexico City, Mexico

V

Valis

Singapore, Singapore

S

sersche

Zurich, Switzerland

D

dannimw

Victoria BC, United Kingdom

J

Johannes

Pirmasens, Germany

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

M

Marod

Edmonton, Canada

melzisme

Kl, Malaysia

R

rohbear

asheville, United States

Zal0m0n

Atlantis!!!! x), Mauritania

B

Bokolo

Leeds, United Kingdom

L

LenoMetus

Perth, Australia

B

Badass78camaro

Mohnton, Pa, United States

zZola

Gilford, United States

T

thebonseung

Republic of Korea

Shemuel

New Jersey, United States

Matching Fund

Sterling, United States

Arjan Geven

Vienna, Austria

C

chrishol

United States

J

Jonas

Linköping, Sweden

T

theironbank

United States

Paul Buchheit

Mountain View, United States

F

FSO

Canada

K

Kimbo

Vietnam

S

sarah4d2

Saint Louis, United States

SimonD

Lincoln, Uk, United Kingdom

mepster

San Francisco, Ca, United States

VK

Vasily Kudrin

Moscow, Russia

P

PeterDG

United Kingdom

Grant Xavier Storer

Seattle, Wa, United States

T

Tim47

United States

T

tgambo2

United States

K

Kebrenagast

New York, United States

Andrew267

Birmingham, United Kingdom

mysterry

Saint Lazare De Vaudreuil, Canada

F

Foster

United Kingdom

B

bwmoore

United States

B

bvp5105

United States

AKWatson3

Norwalk, United States

B

brothasmith

United States

Matthias Schulz

Berlin, Germany, Germany

Kallwejt

Warsaw, Poland

P

Pragathi

United States

J

Jack123

United States

C

ChanukahG

United States

S

Stephan

Netherlands

stephen sontag

Narragansett, United States

PH

Phil H

United States

Darcy

Ottawa, Canada

Becky Thompson

Leeds, United Kingdom

UD

Ulf D

Frankfurt am Main, Germany

Peter R

Fulda, Germany

D

Doug

Baltimore, United States

D

Daman

United States

Torsten Schreiber

Frankfurt, Germany

Robert

Sweden

U

Ulrich

Switzerland

DR

Derek R

Australia

P

Patty

Colorado Springs, United States

JT

JW Tabacchi

United States

Crystal

Ohio, United States

KD

Kent Don

United States

Ask Margaret a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Margaret    May 29, 2017

    I request that I reduce the weekly repayment to KES 200 until when the business improves. Thanks.

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  • Margaret    Mar 13, 2017

    I wish to reduce my weekly payments by half since business is low. I will resume to a higher amount as soon as the business picks up.

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  • Margaret    Dec 21, 2016

    Thank you so much for funding the loan. I will now go ahead and implement my project.

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  • Margaret    Dec 20, 2016

    Thank you so much lenders. I have managed to grow my business from a small store to a now formidable big store. With your support, the sky is the limit.

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  • Margaret    Sep 10, 2016

    My business is not doing very well and I request that I start paying KES 500 until business picks up again. Thank you so much for your understanding and long live Zidisha family.

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  • Esther    Mar 25, 2016

    Dear lenders, I spoke to Margaret yesterday and she promised to start repaying her loan this week or early next week.

    VM

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  • Margaret    Jan 18, 2016

    Dear lenders, It is the beginning of the year and business is a bit low. I am hoping the business will pick up in a month's time. For this reason, I would like to reduce my weekly payment by half until the situation improves.

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  • Margaret    Nov 3, 2015

    Wow, thank you so much lenders for funding my loan. This loan will enable me grow my candy business.

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  • Margaret    Oct 20, 2015

    Zidisha loans have continued to be a blessing to my business. With the last loan, I managed to get a freezer and a stock of candies and this has been doing very well. It is now a department on its own in my retail business and it has increased my revenue at approximately 20%. Thank you so much lenders for being the main part of this success story.

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    • Roy    Oct 20, 2015

      Thank you for this wonderful piece of news. I am so pleased for you.
      Good luck.

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  • Margaret    Apr 4, 2015

    Dear lenders, I received KES 43,700.00 ($483.00) late last night.
    I will use this money to buy the freezer and an inventory of chocolates and ice-cream. This will fulfill my long time dream.

    Thank you lenders for doing it again and I will show my gratitude by repaying on time.

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  • Margaret    Mar 27, 2015

    Thank you my first two lenders Sam D and thebonseung. I plead to other lenders to make their contributions towards this loan to enable me chart this new territory.

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  • Margaret    Mar 23, 2015

    Dear lenders, I must say that I started the new year with a bang! Through the loan that you gave in in Mid January, I was able to increase my inventory and this has increased my sales by about 20%. In you people, I can say the future has never been brighter. Thank you and I ask for your support as I come for my third loan.

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  • Margaret    Mar 7, 2015

    Hallo lenders, This is to let you know that my business is booming due to your support you have continued to give me. I have decided to reschedule my loan upwards to KES 3000 since I can comfortably pay this amount.

    I am also preparing to take another loan so as to expand my business even further.

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  • Simon    Jan 16, 2015

    all the best in your business the future is great with zidisha

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  • Margaret    Jan 16, 2015

    The first loan came around Christmas season and it enabled me to buy items that move very fast during the period. I made good profit from the business and it has helped start the new year on the right footing. Thank you lenders and keep up the good work you are doing.

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  • icetwice    Jan 16, 2015

    Thank you Margaret for your quick loan repayment!!

    All the best to you, your family and your business!

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    • Margaret    Mar 27, 2015

      Hi icetwice, thank you for acknowledging my effort. I have made another application and I would really appreciate if you contribute towards it. Best wishes in whatever it is that you do.

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  • Margaret    Oct 30, 2014

    I accepted the loan bids on 21st this month and I was promised that the cash will be disbursed within 7 days but I have not heard anything since then. Please look into this.

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  • Margaret    Oct 18, 2014

    Thank you tmarkus and icetwice for your contributions. I am very excited about this progress.

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