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.
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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
Other loans
Lenders
United States
Australia
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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