Name
Veronica
Member since
January 2015
On-time repayments
241 installments • 11%
I am 24 years old from Migori County in Western Kenya,I grew up in Radienya Village where I did my primary and Secondary education before moving to my Nairobi where I did a diploma in Catering,life at home was not that easy we faced a lot of challenges as a family,but what worked to our favor was that we were a hard working and united family.After my diploma course I was employed for a year and quite to start my own catering services,I registered El dona Caterers in 2013 and I have been working under the name.I live in a community with mixed culture because most of the Kenyan communities live here.I like singing gospel songs and watching football because I support Manchester United.
My businesses is under service industry,I cook local foods like Ugali (using maize flour),chapati (using wheat flour),meat,chicken,vegetables,tea,porridge.I serve individuals,civil society organization with workshops and in their offices,Co-operative Bank (Kayole Branch) employees and artisans working in the nearest businesses.Food is a basic need to human being and so its demand is ever present with ever increasing population.
I averagely spent $ 200 on food purchase daily and after selling my daily average income is $ 260 of which $ 20 I use to pay my workers to mean I make a profit of $ 40 daily.I use the profit to add more stock for my business and support my family as well.
I will use the loan to purchase more maize flour,white flour,sugar,meat,chicken ,fish.A kilo gram of maize flour goes for $ 1, 2 kilogram of of wheat flour goes for $ 3,a kilogram of meat cost close $ 5,2 kilogram of sugar cost @$ 3.The loan help me add more stock and increase my daily capital from $ 200 to close to $ 300,there by increasing my profit by 50 %,this will help improve my living standards apart from improving my business.I will also be able to employee more people as the business grow.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 29, 2015
Repayment status
On Time
Projected term
3 months
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