46 installments • 100%
My name is Penina Muthiora. I am 31 years old single mother of one child,a boy who is six years old. We live in Kayole Estate with my four siblings .
I successfully finished my o-levels. After form four I decided to venture into M-pesa business which is running on smoothly despite the normal ups and downs .I also sell mobile phones accessories.For the last five years, it has been the source of my family income. The business's income has allowed me to pay my family's bills , pay my sisters tuition fees and other basic needs. I am hopeful that Zidisha support will help me to accomplish this goal. All is possible through hard work and having faith in God
Our prices are highly competitive in the market especially on phone accessories. The business is profitable because I am able to source goods in the market at a better price than buying at the estate.The M-Pesa is also running on well. The challenges and risks that we face are financial constraints in the daily running of business. When the prices for goods rise in the market, this cost cannot always be passed on to the client resulting in a decreased profit margin. Our monthly cost is 12,000. Our profit is 3,000 per month. If I can secure this loan, I’ll be able to increase the income from my business by being able to purchase and sell increased amounts of stock. I am working hard to get different sources of income
I will use the loan to buy phones accessories for resale worth $400.This accessories will be things like screens, charges, battery, housing and new phones for resale. Benefits will be more profit leading to expansion of my business and improved living standards to me and my customers. I expect my profit to increase by $40 per month.
Jun 5, 2016
Cost to entrepreneur
Service fee: $11.77
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