A loan to buy inventories for our shop

Enock

Kiamunyi, Kenya

42% repaid

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How it Works

Entrepreneur

Name

Enock

Member since

June 2014

On-time repayments

70 installments • 19%

About Me

I am the firstborn child with seven siblings. I was brought up with very many challenges the first being the separation of our parents when I was only 9. I had to start taking household chores left behind by our mother in order to allow dad to attend to his public duties as a primary school teacher.

This affected my development as a child and this went all the way to affecting my education. Being the firstborn I left school after high school in order to give room for my sibling to study as well, while I do ordinary jobs earning about $20 a week to help dad cater for their school fees. This has now become a challenge because I am now married with a child and the little money I earn from the few ordinary jobs is not sufficient to cover all these responsibilities.

I have been saving in a merry go round group that in March this year lend me 250 dollars which I used to set up a small shop for my wife so as to boost our little income. Unfortunately I was diagnosed with a chest problem and now have to depend on the earnings from my small shop. Our business is now going under, this due to over depending on it since we have to pay $20 dollars as was agreed with the lender and also buy food, and pay rent from the same shop. I thank God for having met Lawrence who introduced me to Zidisha which gives us hope in improving and taking back our business to where it is supposed to be.

My Business

I operate a small retail shop located in Kiamunyi just next to the house I live in. We stock household goods and food stuff that we unbundle and sell in smaller quantities. This allows us to make cash sales of about $35 a week with profits of about $7. From this money we have been able to service the startup loan of £250 that we borrowed from the merry go round, restock the shop, buy food and pay our house rent, leaving no money to save for emergencies. As it is now, our business is in dire need of improvement thus I have to borrow from financial partners to restock and expand the business which will allow us to be able to put aside a little money for other expenditures.

Loan Proposal

With this loan I will be able to buy more food stuff inventories ranging from 50 kg of rice ($40) to 50 kg of sugar ($50), 10 kg of cooking fat ($17), a bale of baking flour ($15), a bale of maize flour ($10), a carton of bar soap ($10), a carton of packed processed milk ($5) and a dozen of packed tea leaves ($2).

The returns from this will help improve my family's livelihood and expand my business. I believe I should be supported because I cannot afford to meet all financial requirements on my own, this due to the high cost of living and my incapability to perform manual tasks which has made life for myself, my wife and my child quite difficult. Thank you in advance for all your help, it will really be appreciated.

Show original English

About Me

I’m the firstborn child with seven siblings. I was brought up with very many challenges first of all being the separation of our parents when I was only 9. I had to start taking household chores left behind by our mother in order to allow dad attend to his public duties as a primary school teacher. This affected my development as a child and this went all the way to affecting my education. Being the firstborn I left school after high school in order to give room for my sibling to also study as I do ordinary jobs earning about 20 dollars weekly to help dad cater for their school fees. This has now become a challenge because I’m now married with a child and the little money I earn from the few ordinary jobs can’t be shared to all this responsibilities. I have been saving in a merry go round group that in March this year lend me 250 dollars that I used to set up a small shop for my wife so as to boost our little income. Unfortunately I was diagnosed with a chest problem and now have to depend on the earnings from the shop. Our business is now going under due to over depending on it since we have to 20 dollars as was agreed with the lender and also buy food, pay rent from the same shop. I thank God for having met Lawrence who introduced me to Zidisha which gives us hope of improving and taking back our business to where it is supposed to be.

My Business

I operate a small retail shop located in Kiamunyi just next to the house that I live in. we stock household goods and food staffs that we unbundle and sell in smaller quantities. This allows us to make cash sales of about 35 dollars weekly from which we make profits of about 7 dollars. From this money we’ve been able to service the startup loan of 250 dollars that we borrowed from the merry go round, restock the shop, feed and pay our house rent leaving no money to save for emergencies. As it is now our business is in dire need of improvement thus I have to borrow from financial partners to restock and expand the business which will allow us to be able to put aside a little money for other expenditures.

Loan Proposal

Given this loan, i'll buy more food stuff inventories which ranges from 50kg of rice which costs 40 dollars, 50kg sugar at the cost of 50 dollars, 10kg cooking fat at 17dollars, a bale of baking flour at 15 dollars, a bale of maize flour at 10 dollars, a carton of bar soap at 10 dollars, a carton of packed processed milk at 5 dollars and a dozen of packed tealeaves at 2 dollars. The returns from this will help improve my family's livelihood, expand my business.I believe i should supported because I can't afford single handedly to meet full financial requirements on my own due to my incapability to perform manual tasks which has made life for my self, wife and child difficult due to the high cost of living.