I want to pay school fees and increase my stock

Cecilia Mtsonga

Mombasa-kaloleni Walea, Kenya

100% repaid



Cecilia Mtsonga

Member since

January 2015

On-time repayments

47 installments  •  53%

About Me

I Cecilia Mtsonga is the fifth born in the family of 6. Being the second to last I had challenges of school fees to continue with my higher education after finishing primary education. I joined technical institute and learned dress making. After finishing my course in dressing making I got married and up to now I am a mother of 3 children 2 girls and one boy. I started my small food retailing business in order to support my family, the little money I get from my business together with my husband's income we have been educating our kids, the first born Girl is in college, the second finished his o'level education last year he is waiting for the result and thereafter continue to the next level. The last born concluded primary level and she is expecting to join secondary. my kids have different career ambitions, one wants to become a teacher and the two want to join medical. What is unique about the land and culture here is that traditionally one dies if is a man the wife who is left is being forced to be inherited though is diminishing nowadays. And also the climate is warm all through and it is favourable for coconut trees.
Most my time when am free I spent in singing and travelling.

My Business

I started my business about 10 years ago of selling dry fish. Since then up to now I am doing this business, it is involved only in drying fish by dip frying and then take to the market late in the evening as from 4.00 pm. I buy raw fish from suppliers who buy them in bulky from fishermen and keep them in their cold houses.
I chose to sell fish because the demand of fish was high and the who are selling are few, also people use fish to supplement with vegetables because supplies of vegetable is scarce since the climate is hot here and it is not commonly cultivated.
If I talk of costs I consider the amount of stock I buy at a particular time like now I am sold fish in terms of Kilograms; 1kg is costing kshs.150 and then I buy firewood and cooking oil at kshs.400 and daily tax of ksh. 20. In order to satisfy my customer I buy 20kg of fish at a total cost of kshs.3000.
After selling the whole lot of fish I get kshs. 5500, so when subract the costs and miscellineous I remain with a net profit of Kshs.2000

Loan Proposal

When I get the cash I will pay school fees for my kids especially the one who is joining form one secondary education come and increase my stock level so to enable me cope up with the tussle of family commitments.
The business is so good and after all we are doing business to develop our home that why I will give the first to paying school fish. when the children are learned they will know how to live their lives in future without much problems.
I will pay kshs. 5000 for school fees, 3000 to business and the rest home development.
I hope you will consider my application.
Thank you in advance.






Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Jan 23, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $100.16 at 7.25% annual rate over 2 months = $1.44

Service fee: $0.74

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