Improvement on quality and quantity of my mutumba

Joseph Maina Kaberu

Salgaa Rongai, Kenya

100% repaid

Entrepreneur

Name

Joseph Maina Kaberu

Member since

April 2012

On-time repayments

374 installments  •  75%

About Me

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

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)

Loan Proposal

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

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,637.70

Date disbursed

Jun 13, 2014

Repayment status

On Time

Projected term

18 months

Cost to entrepreneur

Lender interest: $1,637.70 at 4.42% annual rate over 18 months = $112.76

Service fee: $91.10

Lenders

mbunifu

San Jose, United States

I

Interfree

Dubai, United Arab Emirates

AnnaChristina

Pittsburgh, United States

T

ToddK

Indianapolis, IN, USA, United States

S

sglobal

Philadelphia, United States

KirstenShute

Montreal, Canada

G

grahamfamily

Guildford, United Kingdom

T

the0bauman

Hillsboro, United States

Namaste250

Pittsford, United States

braccino

Settimo Milanese MI, Italy

ads68

Melbourne, Australia

DT

Dru Tarr

Gloucester, United States

joaoferraz

RINCHOA, Portugal

E

erlingre

Sør-Fron, Norway

isabelv

Barcelona, Spain, Sweden

Zal0m0n

Atlantis!!!! x), Mauritania

Sarasota

Sarasota, Fl, United States

TuveTheDog

Helsinki, Finland

markpearson

Portsmouth, United Kingdom

H

Haavard

Bergen, Norway

Jonas

Brussels, Belgium

bcortazar

Peckville, United States

J

jackdupee

United States

larry

Sweden

A

ajayhk

San Jose, United States

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