56 installments • 61%
I am a hardworking businesswoman, second born in a family of six children. My mother passed away in 2012 and left us with father only. My mother too was a hardworking woman who brought us up in Christianity and taught us farming among other activities around. After completing my form 4 education, I was employed in Miti mingi Primary School where i taught lower classes. Besides helping my father raise my younger siblings, I also managed to save some money which I used to start a business of buying and selling maize and beans. later, I was able to start a small retail shop with the support from my father and some savings of Kshs. 36000 in January last year 2013. It has picked up slowly due to both family support and small stock. but it is growing. during my free time, i like walking to see nature and to read inspirational books.
my business involves buying and selling retail products such as sugar, rice, floor, cooking fat, tea leaves, and other basic household items. Due to the fact that the money I get from the business I reinvest in newer products or items, it is difficult to determine net profit per time. However, I started with capital of 48000 and I have lately calculated stock value which is about 105000. Therefore, my business is growing and I can confidently say that. A loan would help me further because I will be able to bring more amounts per items for sale which will definitely lead to customer trust. I can confidently say that I will be able to repay any loan I may be given by Zidisha.
Sugar is the commodity that goes very fast yet it is very costly to buy from wholesale shops. the loan of 13047 will enable me greatly to buy 3 more bags of sugar which is necessary because currently i am able to buy 2 bags. with a stock of 5 bags i will be able to go for a week without going to the wholesale to buy sugar so often which increases transport cost. I will have advantage against my competitors who are able to buy more sugar than me. and still i will be able to balance other commodities since there sugar will not be trouble anymore. my proposed weekly installments i will definitely be able to pay because five bags of sugar will leave me a profit of 2250 in one week. that is my hope because i know i have my customers. I am very glad to have joined zidisha really and I will continue my love for zidisha because they are doing local people great things. Another big thanyou to all zidisha lenders who are very good in this. Thank you so much.
Sep 18, 2014
Cost to entrepreneur
Lender interest: $149.97 at 9.71% annual rate over 1 month = $1.96
Service fee: $0.77