Entrepreneur
Name
Lucy
Member since
October 2011
On-time repayments
22 installments • 23%
About Me
I have five children who are all schooling, two are in secondary school while three of them are in primary school. I am a businesswoman dealing with a retail shop that also includes selling cereals, mostly dry grains.I live in Kiptangwanyi shopping centre in my plot number 360. kiptangwanyi shopping centre is about 42 km from Nakuru town which is our major town. this is where we go for shopping for the goods that I sell in my retail shop. From Nakuru to Kiptangwanyi is 200ksh. The nearest known shopping centre is Elementaita which is about 12 km from Kiptangwanyi. Elementaita is on your way from Nakuru to Kiptangwanyi. I started the business after I realized the potential of this business especially in this area which happens to be in the interior and thus the need for providing services to the dwellers who resulted in a high demand for the commodities that I sell to them.
My Business
My business entails a retail shop that also includes the sale of cereals, mostly dry grains. there is a very high demand for the commodities that I sell because the area has a good supply of the products that come from Mau and some parts of Nakuru. the demand is also high because the population of this area exceeds the production to which the locals produce annually. this results in demand for outside supply. this prompted me to venture in this type of business. my monthly costs include transport costs, electricity and water. The main challenges that my business encounter include bad weather which affects our sources of supply, theft. I am currently using my profits to expand my business to provide services to other neghbouring shopping centres.
Loan Proposal
if granted the loan by Zidisha I woud like to do the following. Firstly, I would like to rent a house that I will be storing more grains that I will be able to supply to my constomers throughout the year. This is because in most cases I am unable to store a lot of grains as a result of limited storage space. Secondly, I will use the money to purchase large quantities of grains that I will sell during the dry season since at this time there is very high demand for this commodities. The dry season is between january and april. Lastly I would like to increase the stock of my business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$404.00
Date disbursed
Nov 11, 2011
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
Southampton, United Kingdom
Sarasota// Phnom Penh, United States
*, Afghanistan
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