327 installments • 27%
I earn a living through by business which involves selling of exercise books, school bags, stationary and so on. I started this small business so that I can support my family and my other siblings because they lack school fees and they depend on me. My business gives me good profit especially during schooling terms. I use the profit to expand the business in the way i can. i also use the profit to pay school fees for my younger siblings. At my free time i go visiting friends and i also like riding.
My business gives me about Kshs 10000 in a month which i usually try to save and to expand my business. However, i find it difficult to expand my business in the way i want or desire. this is because the money my business gives me is not enough to pay school fees for my other siblings, feed my family and support parents and expand business at the same time. Therefore, although i believe my business will survive because at least i get profit. After getting zidisha loan, i will buy more stock and therefore profit will be bigger and i will use this profit to repay the loan.
offered this loan i will be able to introduce 20 reams of printing paper at a cost of 70 US Dollars, 50 clip boards at a cost of 50 US Dollars and a dozen of epson in at cost of 40 US Dollars. This will definitely make 80% profit. this will also enhance me to repay back the loan. on time. it will also help me introduce new items just as the previous loan did. the current profit made me introduce geometrical sets.
Oct 8, 2014
Cost to entrepreneur
Lender interest: $192.40 at 8.03% annual rate over 3 months = $4.92
Service fee: $2.24