Mazeras Miwani, Kenya
88 weekly installments • 60%
I was born in 1963 in mazeras miwani village. I started my primary education at mazeras primary school then joined mazeras polytechnic after completing my tailoring course i was employed in a factory as a machine operator for some years then i got capital to start my own business. My business is all about washing and ironing clothes.
I wash and iron clothes. My business is allocated within mazeras town along Mombasa Nairobi highway so many track drivers wash and iron clothes in my shop. Also there are many industries around and they came out late after work so they don't have enough time to do with their clothes. My typical cost and revenue are 4000 KES for license per year, 1500 KES for water bill pay month, 1100 KES for Chaco per month 600 KES for washing soaps per month. I used the profit to pay school fees for my children and home improvement
I will complete paying third term school fees for my son, the school fees balance is 150$. It will help me growing my business because the profit i get will not be paying school fees for the remaining months this year.
Oct 1, 2017
Cost to entrepreneur
Service fee: 5% of $143.48 = $6.41
Credit risk payment: $12.83