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 materials and constuct a trolley for selling eggs. The remaining cash will help me increase my stock of eggs. This will enable me to rais my income and also fit in the market competition. It will also rais my stock capacity. The trolley will also reduce the burden of carrying around eggs trays from one customer to the other. The interest I get will enable me buy my house holds and also help my mother back in the village.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$40.00
Date disbursed
Sep 10, 2017
Repayment status
On Time
Projected term
7 weeks
Other loans
Ask Maurine a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.