Name
Monica
Member since
April 2013
On-time repayments
12 installments • 67%
My name is Monica Ambasa, a resident of Mishomoroni and a businesswoman in Mishomoroni as well. Am a single mother of four children and i live with my children here in a rented house.Three of my children are in school the first being in secondary school. Am a high school lever having completed my secondary education. I did not gave a chance of going to any technical college mainly because of the financial status in my family. due to this i did not get a reasonal job. so i desided to venture into business.I started a salon which has now become a good business to me and helps with all my family needs.With the income i get from this business i buy food for my family, pay rent, pay school fees and other family needs.
My business is a salon which i operate in Mishomoroni area and this business has given me a good reason to be popular in this area beacuse of the good work and good relation to my customers. I have been in this business for the last five years and i came to understand how to deal with my customers and how to provide with what they want in my business. This business is good and profitable and i get an income of ksh 25,000 per month after all my expenses. The risks in this business include the fluctuation of prices in the items i use in my salon. With the income i gt from this business i use ksh, 5,000 for my family food, ksh 2,500 paying rent ksh 8,000 paying school fees. So i save ksh 9,500 per month. With this saving i can use to repay my zidisha loan.
Hello am so thankful that my loan application has been approved. My sincere thanks to the entire zidisha team for hard work and devortion towards improving peoples lives by helping them in their businesses. With this loan i will add more stock to my business so that i aquire more customers and this will make me earn more income.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 18, 2013
Repayment status
On Time
Projected term
12 months
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