Buy a fridge for my business

Joan

Muramba, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Joan

Member since

April 2015

On-time repayments

119 installments • 87%

About Me

Joan Sasaka is a Kenyan citizen aged 39yrs. I am married and have two children A boy and a girl aged 11 yrs and 3 yrs respectively.
I went through primary, secondary Education and finally completed a certificate course in Bungoma teachers training college.
My husband being the sole bread in the family, we come at a point when we were financially fixed. I was forced to do odd jobs to make the ends meet.
The worst part of my life come when he was retrenched by the Government without pay. We were thrown out of the servants quarter with a three months old baby.
I was forced to make ends meet. I started hawking women ware from door to door. among the things I sold were Women panties, Petticoats, Braziers, Bangles and Necklaces and hand bangs together with shoes. after a well wisher contributed some capital to our family.
The business picked up well and sustained us for sometimes until I acquired a job in one of the schools to supplement our income..
The school am paid 80 dollars put together with the earnings I get from my business of about 130 dollars. This makes us able to pay rent and also buy food among others.

My Business

Normally about the business at the moment my running capital is 180 dollars in stock.
Should I get the loan Will go for the very business am used to since am now known to my clients as a dealer of the same.
I will by a Stock of about 90 dollars to add to the current stock. This would earn me about 180 dollars of which the difference will be my profit. this will help me to help my husband in financial responsibility as I wait for employment by the Government.

Loan Proposal

Hello,
Being my third loan with previous ones having served me well. This one will be used to acquire a new fridge that will cool soft drinks like sodas given this hot climate in our country. Clients at times request for soft drinks and snacks and due to non they are forced to buy them elsewhere. I want to ease them of this and parsue this opportunity too.
Besides my beauty shop that sell traditional beauty ornaments and other accessories this will boost my income alot.
The fridge will go for 300 dollars approximately and the balance will by ten creates of sodas and snack on wholesale for a start at a cost of 4 dollars.
This in turn will yield good returns that I will make sure I update you as I progress.
Thank you in advance.