Cereals for my shop

Monica

Thika, Kenya

100% repaid

Entrepreneur

Name

Monica

Member since

July 2017

On-time repayments

41 installments  •  49%

About Me

Am a diploma holder at Thika technical training institute with a credit pass. Went to Muthiga girls and attained a mean grade of C+. I joined college after doing several small business for 3yrs to get college fee which I managed to hit my target. College expenses was a bit challenging and during my first year, I visited a family friend at Mombasa and she gave me a sony camera she was not using.
Immediately, I started taking photos at cheaper cost and at the end of the day, I would manage to cater for my bills till I completed my course.
I wanted to do medicine related course but due to lack of funds I ended up doing an Applied science course.
A mother of one, hardworking and very determined. Am self displined guarded by my ethics.
Far from that I love swimming and doing charity work by myself or through Rotary International.

My Business

I am in cereals business( selling all varieties of grains)and money agent(Mpesa and airtel money). After tarmacking for 2yrs to secure a job but in vain, I came up with an idea of starting my own business and I settled on cereals after so many considerations (one being I like farming so much). The cereal and mobile money agents business do well since currently many people do mobile money transfers and consumption of cereals is very high.
I am also aiming to tender to institutions for cereals(majorly maize, beans,green grams, rice and some special grams)
I lend capital from relatives to start a business which is doing fine.
The profit I get from my business use it for some investments, pay shool fees and at least help me do charity work which is my passion

Loan Proposal

Would like to buy stock for my cereals shop.
This will help me to expand my business little by little and in turn be a distributor for cereals in the locals. It'll will also attribute to higher profit margins which will help to open up some other joints for the same and help in some charity work.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.00

Date disbursed

Aug 16, 2017

Repayment status

On Time

Projected term

4 months

Lenders

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

Melissa K

Portland, Oregon, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

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  • Rachael Dorcas Anyango    Mar 26, 2018

    Was able to talk to her am hoping she will start paying .although she wasnt so positive

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  • Maurice    Mar 12, 2018

    Hi Monica! Kindly guide me on the way to get a second credit because I am having problems its not so clear what I need to do and also the zidisha app is not that efficient.
    Thank you,
    Maurice

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  • Monica    Mar 5, 2018

    Thanks to my lenders.
    I received my loan on 3rd while at remote area where internet connectivity is a major problem. Am happy now I can write to you and confirm that I received it.
    Thanks a lot and may the Almighty God bless you abundantly.

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  • Monica    Mar 1, 2018

    Thanks lenders.
    I have waited for the loan to buy beans and maize.
    Thanks for the fund at the onset of rain. It'll make great sales.
    The loan will help reach my awaited goals for the first trimester.
    Thanks once again and may God bless you abundantly.

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  • Godwin    Feb 11, 2018

    Hello Monica,
    I am a new member of Zidisha Family and i was wondering why my first loan was KES10 yet i requested for KES6000 for my online business.Furthermore on making my second loan i was told that my loan credit limit was KES300.Kindly guide me through please,thanks in advance.

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  • Monica    Dec 30, 2017

    The funds from the previous loan purchased a sack of 100kg special grams(kamande). Purchase price per kilogram ksh 190 and selling at ksh 220 per kilogram.
    I managed to make a profit ok ksh30 per kilogram and would sell 1bag per week thus making ksh 3000 per week.
    Within 10 weeks I managed to get a total profit of ksh30,000.
    I used the extra earnings by paying school fees for next term, donated a few stuffs to a children's home and managed to buy my child a present during her birthday n saved something towards my investment.
    Thanks to my lenders

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  • Monica    Dec 30, 2017

    I used my loan to purchase one 100kg sack of special grams(kamande). Purchase price per kg ksh 190 and sold at ksh 220 per kg. Profir ksh30 per kg. One bag goes for utmost 1week. Profit for the month was ksh12000. The 2months was ksh. 24000 plus due to increased demand.
    The increased earnings I used to donate a few stuffs to a children's home near my neighbourhood, paid school fees for my child and celebrated my child's birthday on 24/12/2017 accompanied with some fun along with that.
    I managed to save some amount for my investment goal

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  • Monica    Nov 19, 2017

    I had an emergency that's more wanting. I feel it's good to pay a little rather than failure to pay

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  • Monica    Oct 22, 2017

    Thanks my lenders.
    I received my loan and I was able to purchase some stocks.
    Thanks so much for the financial support. God bless you abundantly

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  • Monica    Oct 16, 2017

    Thank you so much for funding my loan. I'm really humbled.
    The loan will help me purchase varieties of grains for my cereal shop.
    It will help me grow my business.

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  • Monica    Oct 16, 2017

    Hello lenders.
    I am so greatful for the loan I received. It helped me to purchase some cereals and in turn my earning increased.
    The increased earning has help me have Mpesa services in conjuction with cereals.
    I'm humbled. Thanks so much to my lenders

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  • Monica    Aug 16, 2017

    Thank you my lenders. It's a surprise this morning to receive my loan of ksh9500.
    Now, am heading to the market to buy some stock.
    Am so impressed.
    Thanks.

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  • Monica    Jul 18, 2017

    Was expecting 10,000 ksh not 500
    How much is the interest I pay now???

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