Im much thankful to lenders for the first loan you gave me i really helped me to be able to achieve certain salles point...

Virginia Gathira

Kabatini, Kenya

5% repaid

Entrepreneur

Name

Virginia Gathira

Member since

September 2013

On-time repayments

74 installments  •  5%

About Me

I was born in Engineer Town in Nyandarua County in the formerly known as Central Province. I am married and mother of one daughter, who is one year old. I am an Agricultural officer by training. I’m currently in my final year attaining my second diploma, the first one was in business management, since I was grew in an area that developed and based on agricultural I got the interest of getting back in the university to study agricultural farm management… I have been working as a agriculture teacher and same operating a business that entails on selling new Hand bags and shoes that I get in Kampala (Uganda) at my part time.

My Business

My business is one of its kind that deals commonly with ladies. I usually gets my a new bags hand bags, heeled shoes and flats from Uganda with the help of my Hubby who is also in ICT business that is in Nakuru County, and at appoint he prefers to shop in the neighboring country. My business produces a good profit that helps me to pay my tuition fee with the help of my husband.
I usually buys on hand bag at approximately Kshs 850 and sells it 1800 making around 120% profit but after I deduct my transport and cost incurred during the purchasing and selling I usually makes around 85% profit and where by If I can make to sell 3 products in a day I consider myself making around Kshs 2550.00 profit. And this makes me trust my business much and gives it first priority on my part time

Loan Proposal

I am planning to expand my business by selling new shoes from Kampala as this is the start of another semister and student have pocket money that they can spend. i have just noticed that ladies in campus have a new taste of heeld shooes and my husband i planning to vist Kampala over the weekend and with this loan i shall bea ble atleast to get a good stock that is after i add with my savings ... and my merchadise will be giving a 100% profit that means i will be able to pay my loan on time and swift. i.e one shoe from whosellers are giving me at 950 and that leaves to sell at 2000 and the least at 1500 and since my bbusiness is not taxable and i will not use any tranport i shall use my profit in paying my loan back..

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Loan Info

Project Type

Classic Loan

Disbursed amount

$300.00

Date disbursed

Jan 23, 2014

Repayment status

Late

Projected term

17 months

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