Gladys

Po Box 5396 00200 Nairobi City Embakasi Village, Kenya

41% repaid

Entrepreneur

Name

Gladys

Member since

November 2011

On-time repayments

23 installments  •  22%

About Me

I am married with two Girls one in High School and the other in Kindergarten I love my husband and the Two Girls very much and they are joy of my heart .I run a grocery shop in Utawala Estate In Embakasi which I started one year ago after I was retrenched and paid Ksh 80000 which I started my Business with. Use my earning from by business to help my Husband who is employed as Junior staff in a local company in Nairobi and I help him to pay for our Children school fee and providing them with their daily bread.

My Business

The Business is located in a very strategic place and I make daily sales of Ksh 10000 that is about Ksh 300000 per month sales where after paying all my Purchases and Expenses and Rent I remain with average profit of Ksh 15000 per Month . Its retail shop where I sell consumer products in small affordable quantities at affordable price and customer likes my shop because of Good Customer Care.

We faces some challenges of frequent increase of commodities prices which is due to current inflation and High transport cost for our purchases.
Due to limited stock my customer can not get most of the commodities they require. I would like to get a loan from Zidisha to increase the stock of merchandise goods,Cereals fruits and Vegetables which are in a very big demand in this area.
and to employ one shop assistance. This will help me to create job opportunity for the youth where by in Kenya non employment rate is very high and there is a need ti create employment and reduce level of poverty in Africa.

Loan Proposal

Dear lender I want the loan to increase the stock of my shop, by buying merchandise in bulk so that I may qualify for good quantity discount and cash discount and increase my profit. I will by more of essential goods such as sugar, cooking fat, rice, detergent, flour, and cereals at good price and sell them to my customer at a reasonable price. This will help me increase my customers in number and this mean increase of profit which will enable me repay my loan back on time

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,200.00

Date disbursed

Aug 10, 2012

Repayment status

Late

Projected term

17 months

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