257 weekly installments • 86%
I was born in Roadblock village of Eldoret North,Uasin Gishu County 25 years ago.I grew up with a vision and greater ambitions of becoming a lawyer so as i advocate and lobby for the disadvantage in our society as a country as well as Africa.But wait,what happen to this great dream?.I started my primary education and completed my class eight with a certificate of kenya primary school education.(KCPE).In 2007,I join a local secondary school where i worked both hard and smart so as tl realize my dream of becoming a lawyer.In 2010 I completed my secondary school and passed with a mean grade of B(plain) but could not join university due to financial constraints.Instead I decided to become an entreprenuer doing a business of selling polythene bags in Eldoret market.After two years of saving,Ihad enough to start my own Glossary in Edoret,where i sell fruits and vegetables.
As I have fore mentioned already in my profile,I currently sell fruits and vegetables (glossary).Currently Eldoret town being the headquarters of Uasin Gishu County.This has attracted many people into the town who engage in various activities and at the end of the day they pass through my kiosk to buy some fruits and vegetables.This has made it worthwhile to sell my vegetables at a friendly prices which makes them to go faster.After restocking my business using the 1st loan I secured from Zidisha my current business is worth 150 dollars.This has given me morale even to expand further my business since am currently competing favorably in the market economy.And in that I say thanks to zidisha for the great financial support you gave me.To speak I have made a net profit of 130 dollars within my five months of operation after I received my first loan. I anticipate that these will grow up to at least 160 dollars profit.The profit obtained I have been using it to support my siblings and this anticipated profit I will continue to dive support to my siblings and pay university fees next year to do a business course.
I intend to widen my business more,increase transportation on my goods,also increase my stock because of the large number of customers I have ,also add other vegetables on my cabbage business also packaging of my vegetables need some cash so I will also improve on it, to attract more customers I also need workers to help me with the loading and off loading of my vegetables to make my work more easier,i also wanted to introduce delivery services to increase my profits and attract more customers keeping in mind that delivery services will increase my income.the business will make my siblings and family at least comfortable.To me the benefit of increased customers, profit and sales will favour me.
my business deals with basic needs and mine food so people cannot do without it ,with or without risks, so my business is not affected at all.As for distribution of my stock i know my potential customers when i buy stock i do it putting them in mind because of there orders ,and in case of leftovers the off-pick customers also i sell to them. So most of the time my cabbage business is not largely affected people must eat so the sales are still high that gives me the chance to pay my loan on time.Again the distribution process gives me Little income that makes me boast my profit and pay you loan.
Sep 6, 2020
Cost of loan
Service fee: 10% of $331.01 = $31.97
Credit risk payment: $35.16