Violet Karwimbo

Nairobi City,githunguri Village, Kenya

32% repaid

Entrepreneur

Name

Violet Karwimbo

Member since

June 2012

On-time repayments

66 installments  •  30%

About Me

My name is Violet aged 36 and am a Kenyan.Am married with two children and i live in Utawala,Embakasi Estate.I finished my high school in 1994 joined college in Computer technology,later i was employed in a hardware store for ten years and i was retrenched.
I decided to start my own business whereby i sell building materials and electrical fittings.This business has enabled me buy a small piece of land and am still constructing a small house withe earnings i get and the rest is saved into my account.
I have also managed to buy a donkey and a cart to enable me deliver goods to my customers.
Am also able to stock the business and support my family as well as meet my daily basic needs.Being the first born in a family of five, I help my parents in paying for their education.

My Business

My business is called "GHEMT HARDWARE ELECTRICALS". GHEMT means "God has extended my territories". I deal with paints, electrical fittings and building materials such as pipes,cement and nails. I chose to start a hardware shop,since its a local place with few people but still in construction.
People prefer my business despite the competition since i deliver free transport . I also ensure i know what's new on market so as to sell quality and original products. I provide customers with plumbers , electricians and painters who charge them at fair costs for labour costs.
Some of the challenges i get include lack of financial support since the business is too demanding.
My monthly income,sales revenue and profits are as stated;
monthly income- 20,000
rent-4,000
profit-8,000
money funded for the business- 10,000

Loan Proposal

Dear lenders incase I succeed in qualifying for a second loan I am planning to stock half of the money on electric materials.Mostly I will stock wires from size 1.5mm to 2.5mm.These wires are expensive and one requires to stock at least a set of 3, for each size of which the cost ranges from sh3500-12000.I will also stock bulbs of different types,sizes and colours.Some of the fittings I will also buy are consumer units ,sockets ,meter boxes and pipe fittings.Part of the money will be used on plumbing material such as instant shower roses,taps,pipes,gatevalves and pipe fittings.The rest of the money I'll stock mops,plastic buckets and basins,jikos and chicken feeders.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$967.00

Date disbursed

Aug 18, 2013

Repayment status

Late

Projected term

55 months

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