Name
Wilson
Member since
August 2013
On-time repayments
305 installments • 17%
My names are Wilson Waema Wambua.Married with now one baby girl. My family consist of five members. My two parents, two brothers and I. Am the last born and a God-fearing man. One of my brothers is mentally handicapped and the other one does casual labours in our village. I live in Mazeras town where i operate a small shop. My parents are aged and jobless so its only me and my brother who earn a living for the whole family. However, I work hard enough to ensure my family is properly catered for. I've never let anything stop me from achieving my dreams. I overcame a lot of challenges to complete my secondary school education.
I operate a small shop in Mazeras town. I sell cereals, maize flour, wheat flour, sugar, rice, tea leaves, steel wool and soda in plenty. This is because there are so many hotels neighboring my shop.This many hotels are due to so many garment industry workers in this town so I make sure that every hotel is supplied with enough cooking materials. Mazeras town is a fast growing town along the Mombasa-Nairobi highway and there are other companies which have started their manufacturing. This makes me look for more capital to expand my business so as to supply more customers.
I will use my second loan to expand my business.This will be buying more goods to stock my shop so as to enable me supply the farthest reserves of mazeras. curently i have realised that in mazeras fresh milk is a commodity in high demand so i will use some portion of my loan to start stocking fresh milk.Also,i used to buy cereals from the wholesellers from within mazeras and the profit that i was getting was very small compared to when am buying direct from the farmers. this will mean i buy in large quantity than i used to buy from the wholesellers.
Positive
9
Neutral
None
Negative
2
Project Type
Classic Loan
Disbursed amount
$448.00
Date disbursed
Jan 1, 2014
Repayment status
On Time
Projected term
4 months
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