Buying commercial and farm products for resale

Millicent

Mbita, Kenya

100% repaid

Entrepreneur

Name

Millicent

Member since

June 2017

On-time repayments

66 installments  •  38%

About Me

I'm Millicent Atieno Kaseme, born in 14/09/1987 Mfangano Island Mbita District Homa Bay county and married to John Onyango in 2003 and blessed with four children.I went to Ragwe primary school in Kaksingri west where I did my kcpe in 2002.I got poor grade and couldn't join secondary education. In the course of the following year, I got pregnant and later married to my dear husband until to date.My children are growing up and the first girl child is in class eight and would like to be a teacher, the second child is in class six would like to be a doctor, the third child is in class three and would like to be accountant and the last girl child is in class one and would like to be a nurse. In our area, we experiences heavy rainfall mostly from month of March to June which is condusive for farming and enough pasture for cattle keeping. With the little capital I was given by my husband, I started a small business of selling horticultural products and operating a small retail shop in the village to get profit. During my free time mostly Sundays , I usually attends to church for prayers, reading bible,Sunday bible study and church hymns.

My Business

In my business,I purchases horticultural and other farming products from Awendo market and sell them in Lwanda Nyamasare market to gain profit. The business is always good during market days as so many people come to do weekly shopping for the whole week. My retail shop is doing good and sale of retail products are done perfectly and profit got is used to expand business. This increases my weekly earning by 50% thus helps me to pay school fees for the children, cater transport expenses, food, clothes and other basic and secondary needs.

Loan Proposal

Thanks for the financial support provided by Zidisha platform and its lenders world. If this loan shall be disbursed to me, it will be used to buy (1)bunches of oats, bunches of onions, tea leaves, oranges, watermelon, mangoes, crates of tomatoes, bananas and other farm products at a cost of KES 8000/=, (2)retail goods like matchboxes, sugar, salt and pepper, bars of soap, grounded flour, packets of sweets and other commercial items at a cost of KES 5700/=.This will increase family income by 50% and profit from resale of these commodities will be used to buy food, clothes, paying school fees for the children, catering for business and household bills, supporting my husband in his tree nursery work a long the lake.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$141.00

Date disbursed

Mar 3, 2018

Repayment status

On Time

Projected term

10 months

Lenders

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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