Expand my kids shop and open an mpesa busines

Emily Njeri

Olenguruone, Kenya

100% repaid

Entrepreneur

Name

Emily Njeri

Location

Olenguruone, Kenya

On-time repayments

306 weekly installments  •  88%

About Me

My name is Emily Njeri Karanja. I reside in olenguruone in Nakuru county.I am a second born in a family of 6 whereby all are unemployed. I studied in a school called Temoyetta Primary School, Njoro Girls , Mwangaza College and Kenya Methodist University. I have come from a very humble background but have realized that everything is possible if you believe that the sky is the limit to your future. I am married with one kid and would wish that my children live a better life than how I was brought up: not necessarily offering everything but reduce poverty life.
Due to limited jobs and the short durations they live, I started a business to help me manage my expenditures, take care of my parents at home and educate my brothers and sisters.

My main areas of expenditure are:rent for my business, bills, stock, school fees for my brothers and sisters, maintenance of my parents at home, my household expenditure in the family.

My Business

I hold a small business whereby I sell kids products. I find kids products an interesting job since every parent would wish to make his or her kid happy and will offer her kid the best out of her or his ability. in this regard I offer toys and clothing which are attractive and affordable to mostly the common mwananchi. I chose this kind of business because for one I like interacting with kids a lot as in even if I don't sell anything they always ask as they find it interesting and will give me a hope of selling the product another day. two: kids influences their parents and thus making your sales to rise. I also incorporated a cosmetic shop in the same job after loaning me previously. The most challenging costs in this business is transport since I operate in remote area where roads are very poor but at least I manage. The profits i get in this business is re-invested back to the business so as to expand the business, pay rent and bills and save.

Loan Proposal

girls uniforms at Ksh 12000.
Boys uniforms at Ksh 12000
mpesa float Ksh 14000
The uniforms are selling much and am hoping to add stock since kids are still going and reporting to new schools especially secondary school. the mpesa business will create a one stop shop to my clients and thus will increase my sales.
Am expecting to grow my profits due to the invent of mpesa and might be needing to expand my stall in future.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$386.01

Date disbursed

Feb 25, 2016

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $19.30

Lenders

F

flaguy999

Tampa, United States

FA

Felipe Ardila

United States

The Zinc Team

San Francisco, United States

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