56 installments • 88%
In my early childhood education, i went to local primary school by the name Witima Primary School. I used to walk to school bare footed, very early in the morning, in the chilling coldness. Having breakfast in the morning was not a guarantee but all the same we were thankful to God for the little that we had. Despite all the odds being against me, i put all the effort i could in my education and proceeded to High School where my education was financed by the well wishers. Going through the High School system was not easy and many are the times I was getting chased out of school for non-payment of the tuition fee. After high school, I managed to get a bursary from our Constituency Development Fund (CDF) and i joined a Government college where i did a Diploma in Computer Networking. After completing my Diploma, I applied for a job in several companies and industries but didn’t manage to get one. I had to do odd jobs to survive and support my sisters as well. It’s from these jobs that I managed to save some money in a Sacco that I joined and I got a loan from the Sacco which I used to start my business. Our culture does not put much emphasis on the education of a girl child and that is why I work hard to see that my two sisters attain education too. I would wish to see my children become successful professionals in their preferred areas of specialization and make a positive change in people’s lives. Besides business, I love watching football and playing chess.
Dear Lenders. My business entails photocopier services, typing, printing, scanning and lamination services besides selling other goods. My business is situated near a private college and demand for my services is quite high from the students in the nearby college. Students bring a lot of handouts to photocopy and notes to be typed and printed. Most of my expenses are in buying of consumables like blank papers for photocopy and printing, cartridge for the printer and staple pins for the stapler. Other operating costs go into payment of power bills, rent for business space and renewal of trading license. On an average the total income of my business is around Ksh 45,000 (Approx $ 440) and total expenditure is around Ksh 19,000 (Approx $ 180) leaving me with a profit of around Ksh 26,000 (Approx $ 255). I use part of the profit to boost the business and the rest to support my family.
If my loan application is successful and I happen to be given the loan which I hope I will, I plan to do the following with the loan amount;
Buy some stock for my business so that I can be making on-time supply to my clients as opposed to now when I face some delays in doing so due to inadequate finance to purchase the goods on time.
Buy some new tools which I require in my work like a crimping tool, cable stripper and CAT 6 cable tester.
Use the remaining amount to cater for travel logistics as I visit my clients.
God bless you as you extend your hands to help a needy person.
Jan 27, 2015
Cost to entrepreneur
Lender interest: $147.22 at 4.95% annual rate over 3 months = $2.06
Service fee: $1.62