Entrepreneur
Name
Miriam
Member since
November 2012
On-time repayments
122 installments • 61%
About Me
My name is Miriam Muthoni Githambo I am a Kenyan citizen who lives in Mawanga Nakuru.I am married and I have two children. I have been doing different types of business since the year 2000, currently I am running a dairy shop combined with a minishop which I opened in January 2012 when I moved from Mwea and settled in Nakuru and its called Alpha milk center.
In my Dairy shop I sell fresh milk, sour milk and yogurt of which I sell an average of sixty liters per day. I also sell general commodies like sugar, bread, soap and other household items and food stuff. I would like to expand my business by adding another deep freezer since the one that I have is not enough. And I also want to add food stuff and commodities and that is why I want to apply or a loan in your organization.
I have been borrowing loans since I started this business. I have borrowed loan twice in an organization called FAULU KENYA, that is when I used to live in Mwea between 2007-2009.In this organization you borrow as a group. I managed to clear my loan without any default.
Finally, my business is doing well and is very active, but I want to add other stuff to expand it.
My Business
My business deals with people it’s a small business but i want to expand it sell quality goods like milk,sugar,salt ,rice beans,cooking oil, tissue paper bread,matchbox,soap,sweets,pampas,steel wool,medicine,col agate,ink.pencil.scratchcards,biscuits,eggs,tea leaves,sodas,among others. The demand is high because the place is highly populated and since I have quality goods customers love my shop they come n large number but I don't have all the products that they want. I also sell at a reasonable price I don. The business is profitable because i have a lot of customers since my goods are of good quality and standard. Risks are that I don't have a lot of goods that my customers want I have other competitors that sell similar goods like me. Sometimes i experience shortage of goods like milk during dry season. I do sell at around ksh25, 000 per month and i make a profit of 500 per day. But since I want to expand my business so that i can sell up to ksh 50,000 and make a profit of ksh1000 per day.
Loan Proposal
I want to run an Mpesa service in my existing shop.Which will assist me to have a higher monthly income.Alternatively i can also start packing yorghut since I am dealing with milk and in that case I shall require a another Fridge to preserve milk.Towards the season we are heading there is a shortage of milk so if i do not get enough there is still an alternative to deal with cereal food that is maize, beans, peas, green grams and other legumes.The fridge can also be used to col sodas and other soft drinks since currently I do not have a fridge.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$281.00
Date disbursed
Jan 22, 2014
Repayment status
On Time
Projected term
11 months
Other loans
Lenders
Brussels, Belgium
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