Entrepreneur
Name
Teresiah
Member since
December 2011
On-time repayments
35 installments • 40%
About Me
My name is Teresiah Watati. I am a single business lady working very hard to raise my child and educate her to achieve the best in life.
My Business
My business is a wholesale. I buy goods in bulky and sell them at a whole sale price to other shop keepers who retail them. I make small profit but the goods are fast moving because they are sold in bulk. Therefore i can sell so much in a month ending up making quite a substantial profit of about ksh 50,000 The business does even better during festival seasons when people from the towns visit their relatives in this part of the country. The visitors buy so many goods for their relatives and this helps so much in the business. However, during this period, transport is expensive because a lot of people are travelling. It is therefore advisable to have a big stock to last through a long time to reduce the travelling during the festive season.annual income 600000
I also do farming. I plant maize for home consumption but sell the surplus making about ksh 80,000 per season especially when the market is good.
Loan Proposal
I would like to increase the stock of my business during this festive season. The business does better during festival seasons when people from the towns visit their relatives in this part of the country. The visitors buy so many goods for their relatives and this helps so much in the business. However, during this period, transport is expensive because a lot of people are travelling. It is therefore advisable to have a big stock to last through a long time to reduce the travelling during the festive. I would therefore need more money of about ksh 200,000 to be able to do this. I would also buy more farm inputs such as fertilizer and seeds for planting to sell to the farmers who want to buy early
Feedback
Positive
17
Neutral
None
Negative
5
Loan Info
Project Type
Classic Loan
Disbursed amount
$957.00
Date disbursed
Jan 17, 2012
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
Wiesenttal, Germany
Luxembourg, Luxembourg
Reston, United States
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