I want to buy 3 bags of sugar

Martha

Miti Mingi, Nakuru, Kenya

100% repaid

Entrepreneur

Name

Martha

Member since

August 2014

On-time repayments

56 installments  •  61%

About Me

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

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.

Loan Proposal

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.

Feedback

3

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Sep 18, 2014

Repayment status

On Time

Projected term

7 weeks

Lenders

T

ToddK

Indianapolis, IN, USA, United States

calvero

Bergen, Norway

Zal0m0n

Atlantis!!!! x), Mauritania

Sarasota

Sarasota, Fl, United States

dlpringle

Denver, United States

M

mrjamesg

London, United Kingdom

begood

United States

J

JessicaAna

Maputo, United States

O

ORBP1

Germany

T

thack

Omaha, United States

Ask Martha a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Simon    Oct 12, 2017

    Please pay your loan that you have so far defaulted. Thanks.

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  • Simon    Jun 30, 2017

    Please make the payments to zidisha as soon as possible

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  • Charles    Jul 28, 2015

    hi, this member has promised to repay the last defaulted installments. i have given her time to see her reactions and will call her again, to remind her.

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  • Martha    Jun 16, 2015

    THANK YOU ZIDISHA FOR YOU LOANS. YOU HAVE MADE ME BE

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  • Martha    Jun 5, 2015

    ALL TO SAY THANKS AND GOD BLESS YOU ALL ZIDISHA TEAM FOR WHAT YOU HAVE MADE ME TO BE TODAY DUE TO YOUR SUPPORT

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  • Martha    May 23, 2015

    STABILITY OF MY BUSINESS

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  • Martha    May 14, 2015

    INCREASE IN INCOME DUE TO MORE DEMANDS. ALSO SUPPLIES HAS LED TO INCREASE IN PROFIT

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  • Namaste250    Dec 30, 2014

    Dear Martha,
    Happy New Year! Best wishes to you and your family for a healthy, joyous and prosperous 2015,
    Namaste

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  • Namaste250    Nov 13, 2014

    Congratulations, Martha, on getting your loan fully funded.
    Namaste

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  • Sergej    Nov 11, 2014

    Great idea Martha, hope you will get the full loan funded. All the best!

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  • James    Nov 10, 2014

    All the best

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  • Namaste250    Nov 10, 2014

    Hi Martha,
    Good luck in getting full funding.
    Best wishes for your continued success, namaste250

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  • Martha    Sep 17, 2014

    I am very happy for the funding of my loan application this far and God bless all Zidisha lenders.

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  • Martha    Sep 10, 2014

    Thanks to the zidisha lenders who are funding my loan and others. Thanks.

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  • Simon    Sep 6, 2014

    Martha, you are doing good.

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  • Martha    Sep 4, 2014

    Hallo and thank you to zidisha for granting me chance to improve my life. thank to zidisha staff for accepting me. thank to zidisha lenders really.

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