Expansion of fresh juice making

Jane Mwihaki Rungarara

Frere Town, Kenya

38% repaid

Entrepreneur

Name

Jane Mwihaki Rungarara

Member since

June 2014

On-time repayments

16 installments  •  25%

About Me

My name is Jane Mwihaki Rungarara. I am 32 years old. I live in Mombasa with a husband and two kids. I quitted my job so that I could take care of my son who had problems with his spine. I was employed at radio Africa Group of Companies as their administrative assistant. I am currently employed at the same capacity at Gitutho Architect and planners for the last one month. I was born and brought in in Burnt Forest a small village in Rift valley county. I worked hard in school and I was the best girl in Nyandarua county KCPE. I want my children to achieve all their goals when they grow up. I love watching football and cartoons when I am free.

My Business

My business entails selling fresh juice. I started my business about 1 year ago. The juice have been in demand because people have changed their opinion about chemicalised juices and prefer the fresh ones. Also the place where I live i.e in Mombasa its very hot. It costs me around 250/= to make 5ltrs of Juice which if I sell in wholesale its about 400/= and if I sell in small quantities its around 300/=
I normally use the profits to reinvest back in the business and some I also spend on my children and buy food stuff for the house.

Loan Proposal

I plan to buy a bigger blender than the one I currently have so that it will take me shorter time to blend. I also plan to buy a set of plastic cups with top cover to make the juice more hygienic and fancy. This will reduce the amount of money spend on buying bottles, washing them and storing them too. Blender will cost me ~$30 and the plastic cups will cost me around $5. The rest of the amount which is around $ $15 I can reinvest in the business by adding more stock and variety.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.08

Date disbursed

Jan 13, 2015

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Lender interest: $50.08 at 4.00% annual rate over 3 months = $0.68

Service fee: $0.63

Lenders

C

ColinPlatt

Montgomery Village, United States

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