Increase stock and introduce cosmetics

Emily

Olenguruone, Kenya

100% repaid

Entrepreneur

Name

Emily

Member since

July 2015

On-time repayments

363 installments  •  76%

About Me

My name is Emily Njeri Karanja. I reside in olenguruone in Nakuru county.I am a second born in a family of 6 whereby all are unemployed. I studied in a school called Temoyetta Primary School, Njoro Girls , Mwangaza College and Kenya Methodist University. I have come from a very humble background but have realized that everything is possible if you believe that the sky is the limit to your future. I am married with one kid and would wish that my children live a better life than how I was brought up: not necessarily offering everything but reduce poverty life.
Due to limited jobs and the short durations they live, I started a business to help me manage my expenditures, take care of my parents at home and educate my brothers and sisters.

My main areas of expenditure are:rent for my business, bills, stock, school fees for my brothers and sisters, maintenance of my parents at home, my household expenditure in the family.

My Business

I hold a small business whereby I sell kids products. I find kids products an interesting job since every parent would wish to make his or her kid happy and will offer her kid the best out of her or his ability. in this regard I offer toys and clothing which are attractive and affordable to mostly the common mwananchi. I chose this kind of business because for one I like interacting with kids a lot as in even if I don't sell anything they always ask as they find it interesting and will give me a hope of selling the product another day. two: kids influences their parents and thus making your sales to rise. I also incorporated a cosmetic shop in the same job after loaning me previously. The most challenging costs in this business is transport since I operate in remote area where roads are very poor but at least I manage. The profits i get in this business is re-invested back to the business so as to expand the business, pay rent and bills and save.

Loan Proposal

Kids are now on holidays and this is the right time to purchase school uniforms. I am intending to add stock on school uniforms before the end of the holidays which will cost me 900 dollors. I am also planing on introducing cosmetics in the business. To do this I will do some adjustments to the business to creat some space in the shop. This will cost 100 dollars. Then I will stock the cosmetics with 500.I am very hopefull that with the invention of cosmetics and more uniforms I will increase my profits by more than 30%. I am also expecting that in the near future I will be able to buy a piece of land. Thanks alot zidisha.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,522.00

Date disbursed

Aug 22, 2017

Repayment status

On Time

Projected term

30 months

Lenders

Kitty

Hailsham, United Kingdom

G

glh25

Winooski, United States

Richard Griebe

La Jolla, United States

PG

Paul Graham

United States

DT

Dave Tyler

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

Tyler Metcalf

Utah, United States

A

Anonymous

United States

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