Buy school stationery

Margaret Wangari

Mombasa, Kenya

40% repaid

Entrepreneur

Name

Margaret Wangari

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

A new academic year is starting in Kenya in a few weeks. I want to stock school books and other stationery which are in high demand during such a time. I will be assured of making a quick sale and get some good profit in the process.

I will spend the entire amount to buy assorted exercise books, biro pens, fountain pens, pencils, geometrical sets. I will also buy foolscaps, photocopy paper and other related stationery.

Thank you and happy holidays.

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

A new academic year is starting in Kenya in a few weeks. I want to stock school books and other stationery which are in high demand during such a time. I will be assured of making a quick sale and get some good profit in the process.

I will spend the entire amount to buy assorted exercise books, biro pens, fountain pens, pencils, geometrical sets. I will also buy foolscaps, photocopy paper and other related stationery.

Thank you and happy holidays.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$751.00

Date disbursed

Dec 23, 2016

Repayment status

Late

Projected term

77 months

Cost to entrepreneur

Service fee: $30.96

Margaret opted to pay $15.06 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

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