Joseph Maina Kaberu
374 installments • 75%
I am 60 years of age married with 6 children, a boy and 5 girls. I reached in class seven of primary education. After school I involve myself in casual labor for quite a long time but finally I managed to start a small business of the famous mutumba( secondhand clothes)business.I also practice farming of maize and beans,where my wife is involved.am doing well with my business all along. i really thank God for the great effort that he has blessed me my business is increasing in size day after the other and all thanks is to zidisha team for there great support.In salgaa all is well with my mitumba business since it has assisted me do well with life time after the other.
My business is selling second hand clothes business. It is in Salgaa town about 35km from Nakuru town on the way to Eldoret. People like second hand clothes because it is cheaper than new ones.I used to negotiate with my costumers very quietly,that is why they like my business.my business is in an open place where people use to pass-bye.Some times i do an offer to my business,by sellingng if a customers buy ten cloth, i will give him/her two handkerchief.My only focus now is to expand the business and ensure that with my that forth and other loans from zidisha makes me grow and not a shame this organization at large.in short my mutumba business is simple,measurable,archievable,reliable and timely.(SMART)
i will divide this loan into four portions
first portion,i will use 80,000 to buy new stock from nairobi but not at once.once the stock is over i will buy another one atleast every stock will be of 10,000
second portion.I i will use 20,000 to expand the space that i use and open another place within the market so that my young daughter can help me to sell since am old and need assistance.
third portion 20,000 i will buy new clothes that are sold in shops,since i can'nt rely on mutumba alone and even in the Bible God said man shall not live on bread alone.this idea has come about due to growth of salgaa town people have advanced and is now a cosmopolitan.the remaining amount of less than 10,000 i will use to transport my mutumba and all my materials from nairobi to salgaa and pay securiy officer who looks after my clothes at the market at night.thank you
Jun 13, 2014
Cost to entrepreneur
Lender interest: $1,637.70 at 4.42% annual rate over 18 months = $112.76
Service fee: $91.10