62 installments • 74%
My name is Viona Wambui. I was born in Eldoret in the Rift Valley highlands of Kenya. I was born in a large family of 9 and my parent to make a total of 11. I am child number 3 in the family. I was raised up in a very humble background and I am glad I grew up to adulthood against very serious odds.
I went to primary and then secondary school then moved to Mombasa town to live with cousins while at the same time looking for employment. I got a job at a hair salon. This is something I loved doing despite the fact that I have no formal training in this area. I quit this job after two years due to low pay and decided to open a money transfer business. This was a booming business at the time but the hype died down and the profitability of my business plummeted.
It is at this point that I decided to change business and venture into selling mobile phones and accessories and that is what I am still doing.
I am married with three children aged 8,12 and 16 who are all in school. My dream is to secure my children's future through quality education and serious saving schemes to give them a head-start in life.
I deal with selling of mobile phones and associated accessories. This is the in-thing in town and this inspired me to venture into this area. I operate from rented premises and I have also employed one attendant. I make about @300 per month after all expenses are paid.
I use this money to supplement my husbands income which is the major component of running my family's budget. I also set aside a portion of it (at least 20%) and put it back to the business to make it grow.
If loaned again, I am going to increase my inventory of mobile phone accessories. I need to boost my stock of batteries and power banks which are very popular with the masses. I have a budget which amounts to $100 and this will be adequate to buy me a dozen batteries and 5 power banks.
I expect to reap a profit of 30% after all expenses are paid, hence my quick repayment period.
Apr 15, 2015