Alice Wakonyo

Rongai, Nakuru, Kenya

100% repaid

Entrepreneur

Name

Alice Wakonyo

Member since

August 2010

On-time repayments

45 installments  •  49%

About Me

I am Alice Wakonyo Mwangi aged 43years living at Rongai waka estate. i’m single with 2 wonderfull daughters. as a single woman I experience so many difficulties especially after the death of my husband in our early years of our marriage it has been very difficult for me to raise the children alone especially their education.
As days went by I decided to start a small business in 2004 of a small shop using a small capital of 4,000 sh that I was lent my father in law. Within an year my business had picked and I had saved 15,000 sh as profit. I ploughed back the profit and I could afford to pay for the fees of the two daughters who were in school. It was well untill 2008 during the post election violence that affected the country and mostly our area Rongai and I lost about sh.50,000 some of my properties were looted e.g weighng machine of weighinng consumer goods ; 50 loaves of breads and three crates of sodas .Some of my clients also dIssapeared with huge debts and they were finally resettled in other areas of kenya as internally displaced persons (IDP).

My Business

My business is a mini supermarket located at Waka centere at the junction of Rongai Visoi and worker Tavot road I get very many customers because the business is strategicaly located and my prices are low for an ordinary Mwananchi( citizen). My shop is a multiporpose one and I also stock other local goods such as plastic shoes playing cards and scatch cards.
The business has helped me alot that if I can get any aid to boost it can be more better. I do sell 5 bundles of wheat flour,50kg suger and 90kg maize meal a day.the estimated daily Sales are 12,000 to 15,000 that makes a total of 70,000 to 105,000 a week. The annual income is approximately 60,000 to 80000.
I also give the service by taking some item to the homes of my customers that need a faster means of transport all the same I use bicycle to transport the goods.I have two assistant who i pay 300 sh a day. They always report early at 7a.m arranging thing in order weigh sugar, rice, fat, maize floor and later transporting goods to the customers. Their evening offtime is always at 5p.m.
I am always happy with the bussines, as it has been my life. It has helped to develop,educate the children, have builed me a home and assisting my aged parents.

Loan Proposal

I will change my business model from retail to wholesale. Moreover, I will introduce agricultural inputs. Please try to add me some more money to reach at least Kshs100,000 and above. This is because I am not a first time borrower and as the prices of commodities have almost doubled because of the poor performance of the economy.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$761.08

Date disbursed

Dec 7, 2011

Repayment status

On Time

Projected term

18 months

Cost to entrepreneur

Lender interest: $761.08 at 2.03% annual rate over 18 months = $23.17

Service fee: $41.72

Lenders

P

Per

Randers, Denmark

AWOL

USA, United States

K

Katpjotr

Sint-Maria-Oudenhove, Belgium

Feldborg

Stuttgart, Germany

Sideburnjack

Conroe, TX, United States

M

Monarch84

Las Vegas, United States

D

Delph007

Den Haag, Netherlands

artzrouni

Pau, France

valentin

Stockholm, Sweden

EricDWalters

Rochester, Mn, Usa, United States

Ishaque

New Jersey, United States

Aahz

Manchester, United States

J

johan

Oslo, Norway

M

mhouli99

Adan, Kuwait

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