Entrepreneur
Name
Dorcas
Member since
February 2013
On-time repayments
4 installments • 0%
About Me
My name is Dorcas Wanjiru Njuguna a resident of mtwapa and a business woman in mtwapa as well. Am a other of two children and i live vwith my children here in mtwapa. My first child is a boy aged ten years old and the second is a girl aged seven years old. they are all i primary school being the first in class eight and the second is in class two respectively. Am a secondary school lever having done my form four examination and passed but due to my family's poor financial background i never had the oppotunity of joing any college. I had to start doing business as away of earning a living. I sell second hand clothes, (mitumba) this business has been helping in raising my family. With the incme i get in this buisness i buy foo for my family, pay house rent, paying school fees and other family reqiurements.
My Business
I sell mitumba which is a businss that is doping very well here because of its low price considering that people here are mostly middle earners who cant afford to but the expensive new clothes in the market.This business is doing good here and has a good income. this business has risks like, the price fluctuations which affects the profit of my products. In a month i get an income of ksh 20,000 per month. With this income i use ksh 3,000 paying my house rent, ksh 6,000 paying school fees, ksh 3,000 buyimg food for my family and ksh 2,000 for m family's other needs. So in a month i save ksh 8,000. With this savings i can use to repay my zidisha loan if granted.
Loan Proposal
Hello, am so happy that my loan application has been approved! I would like to make sure that the entire zidisha team for the good work and devortion towards my loan application. With this loan am going to make sure that i use the amount on my business so that i can repay before the time agreed. I will use the money to add stock to my business which will help me retain my customers.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Apr 21, 2013
Repayment status
Late
Projected term
4 months
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