Eggs for business expansion

Maurine

Nairobi, Kenya

49% repaid

Entrepreneur

Name

Maurine

Member since

April 2017

On-time repayments

59 installments  •  39%

About Me

I am Maurine Muathime Ngumbi from Machakos County. I m the last born in a family of eight children. After completing my forth form, I had to look for any legal money making activity, but all was not that possible. That's when I decided to move to Nairobi and joined a cleaning company. The pay was not that good and I began selling boild eggs.

My Business

I am employed by a cleaning company in Nairobi. My salary is not enough to care for my house requirements, and also sent some cash for my mum. So I decided to sell boiled eggs at my free time in order to increase my income. I get stiff competition from large scale scale sales because of lack of stock and they are full time salers. I buy an egg at Kes 10/-, then boil and sale it at Kes 20/-
making an interest of Kes 10/- gross and net of Kes 6/- after expenses are subtracted. For one crate of thirty eggs gives back an interest of Kes 180/-

Loan Proposal

I will use my loan to buy eggs in large scale now that I have a trolley to move them around. Eggs cost less when bought on large scale, and also when bought directly from producers. This will help me in saving more during buying from producers and during selling as there is more stalk for selling per day.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$98.00

Date disbursed

Nov 30, 2017

Repayment status

Late

Projected term

10 months

Lenders

M

Mj11991

Cleveland, United States

S

Stephan

Netherlands

R

Rembrandt

United Kingdom

PG

Paul Graham

United States

Elise E

United States

Madeleine

Switzerland

HS

Harry Smith

United States

Paul Buchheit

Mountain View, United States

KN

Kevin N

Cleveland, Ohio, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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