Entrepreneur
Name
Margaret
Member since
March 2015
On-time repayments
119 installments • 57%
About Me
I am the first born in a family of three. My growing up was not that friendly because both my parents were doing odd jobs, hence they could not fully support three of us. I joined Immaculate Primary School in Nairobi, where I finished my primary school, and later joined Matungulu High School and did my O-levels.
After high school, I really struggled before joining college because of school fees. However, I enrolled for a diploma course at Railways Training Institute, where I did a diploma in Business Management.
My life from birth had not been so smooth and therefore after college I really thought that I would get a good job so I could support my siblings, but that was not the case. I went in search of jobs every day for three years without success. It was then that I stopped looking for formal employment and decided to do what I could to employ myself.
I had saved some 300 KSH and that is what I used to start my own business. I went to Nairobi CBD and bought some earrings and bangles and went and sold them to my friends. From the profit I got, I went and bought some more and sold. This happened for like a year, and I had then saved up some amount, so I did market research on where I would set up a shop. It was then that I settled on Ruai shopping center. Why I settled for it is because there is a larger market there and it's close to where I stay, hence I do not use any transport to go to work.
Currently I have no children, but what I know is that I want my children to have the life I never had as a child. That is why am doing the much I can do to make a life for them.
My hobby is watching movies and why I like it is because from there I get to get new ideas of the new fashion trends, and it broadens my thinking in terms of what I do.
I will be delighted to work with Zidisha so that my dreams would become reality.
My Business
I have a beauty shop in Ruai shopping center, where I sell some beauty products and some jewelery. I settled for this kind of business because it became so clear to me how women want to stand out and look beautiful and presentable each day.
After doing my research, I found out that selling women products would be good for me as a beginner in business because the products are cheap and fast-moving. Again, the customer base in that area is quite big.
Every two weeks I go purchase the beauty products from Nairobi CBD at a wholesale price. I do not look for a big profit margin for now; because of the location of the business, I would lose my customers if i did that now. Now I am working towards saving enough money to get capital to put up a shop in the Nairobi CBD, where I would be assured of getting bigger business and bigger profit margins.
Since I do not have children of my own, I save 30% of my profit and the rest 70% I use to educate my siblings, pay rent, give tithe and personal effects.
I am looking forward to getting an investor who will believe in me and help me achieve my goals and live my dream. I would also want to grow and help my family and peers grow by making this platform known to many, so that all of us may grow together and make the world a better place to be. Thank you for believing in me.
Loan Proposal
The main purpose of taking this loan is to restock dresses and jackets in my shop. I discovered that ladies are really good clients if you have good looking unique dresses. I had done my research on the same and found out that most ladies will always buy a dress which has captured them even if they had not budgeted for them and true to my word that is exactly what happens. Having dealt with ladies for a year now I know they love seeing new things not the same old stuff you had and its this that informs me to keep changing the variety of dresses I sell. The reason I want this loan so badly is because at the moment I have nothing I am selling and it is not good for my business because it shows I lack consistency which is the worst in business. The reason I say I have no stock us because just before we went for christmass my shop was raided by thieves and they stole every single thing in the shop yet I had just fully stocked my shop ready for January. This was a very hard blow to me because I had already done my math and had bought some stocks for this month. They literally took me back to zero because I have to start the business afresh. The reason I want that loan so much is because I have to put a good lock in my shop so that next time thieves will not be able to break into my shop again. Secondly I need to buy new stock for my shop (inventory) because I now have nothing to Sell. Thirdly I have to put grills in the shop so that the money counter can be safe and lastly buy a safe to put the money in. The safe and the grills and the lock will cost about 13000ksh. This I have to do because of safety measures. So that next time I wudnt have to go back to scratch. Then the balance I can now stock my shop and life continues. Just the way you believed in my dream when I had nothing to show for it, I ask that you believe in me once more as I start again. I have a big big vision of that shop and I know come the end of this year I will b able to import the same for myself in large quantities through your help. Then I will be able to proudly say I awe my success first to God then to Zidisha. Thanks a lot and my God richly bless you according to His riches and glory even as you plan to fund me.
About Me
I am the first born in a family of three and my growing up was not that friendly because both my parents were doing odd jobs hence they could not fully support three of us. I joined Immaculate Primary School in Nairobi where i finished my primary school and later joined Matungulu High School and did my O levels. After High School i really struggled before joining college because of school fees. I however enrolled for a diploma course in Railways Training Institute where i did a diploma in business Management.
My life from birth had not been so smooth and therefore after college i really thought that i would get a good job so i could support my siblings but that was not the case. I went in search of jobs every day for three years without success. It was then that i stopped looking for formal employment and decided to do what i can to employ myself.
I had saved some 300ksh and that is what i used to start my own business. I went to Nairobi CBD and bought some earrings and bangles and went sold to my friends. From the profit i got i went and bought some more and sold. This happened for like a year and i had then saved up some amount so i did market research on where i would set up a shop and it was then that i settled for Ruai shopping center.
why i settled for it is because there is a larger market there and its close to where i stay hence i do not use any transport to go to work.
Currently i have no children but what i know is that i want my children to hav the life i never had as a child. That is why am doing the much i can do to make a life for them.
My hobby is watching Movies and why i like it is because from there i get to get new ideas of the new fashion Trend and it broadens my thinking in terms of what i do.
I will be delighted to work with Zidisha so that my dreams would become reality.
My Business
I have a beauty shop in Ruai shopping center where i sell some beauty products and some jewelery. I settled for this kind of business because it became so clear to me how women want to stand out and look beautiful and presentable each day.
After doing my research i found out that selling women products would be good for me as a beginner in business because the products are cheap and fast moving . Again the customer base in that area is quite Big.
Every two weeks i go Purchase the beauty products from Nairobi CBD at a wholesale price. I do not look for a big profit margin for now because of the location of the business as i would loose my customers if i did that now. Now i am working towards saving enough money to get capital to put up a shop in the Nairobi CBD where i would be assured of getting bigger business and bigger profit margins.
Now that i do not have children of my own i save 30% of my Profit and the rest 70% i use to educate my siblings,pay rent, give tithe and personal effects.
I am looking forward to getting an investor who will believe in me and help me achieve my goals and live my dream. I would also want to grow and help my family and peers grow by making this platform known to many so that all of us may Grow together and make the world a better place to be. Thank you for believing in me.
Loan Proposal
The main purpose of taking this loan is to restock dresses and jackets in my shop. I discovered that ladies are really good clients if you have good looking unique dresses. I had done my research on the same and found out that most ladies will always buy a dress which has captured them even if they had not budgeted for them and true to my word that is exactly what happens. Having dealt with ladies for a year now I know they love seeing new things not the same old stuff you had and its this that informs me to keep changing the variety of dresses I sell. The reason I want this loan so badly is because at the moment I have nothing I am selling and it is not good for my business because it shows I lack consistency which is the worst in business. The reason I say I have no stock us because just before we went for christmass my shop was raided by thieves and they stole every single thing in the shop yet I had just fully stocked my shop ready for January. This was a very hard blow to me because I had already done my math and had bought some stocks for this month. They literally took me back to zero because I have to start the business afresh. The reason I want that loan so much is because I have to put a good lock in my shop so that next time thieves will not be able to break into my shop again. Secondly I need to buy new stock for my shop (inventory) because I now have nothing to Sell. Thirdly I have to put grills in the shop so that the money counter can be safe and lastly buy a safe to put the money in. The safe and the grills and the lock will cost about 13000ksh. This I have to do because of safety measures. So that next time I wudnt have to go back to scratch. Then the balance I can now stock my shop and life continues. Just the way you believed in my dream when I had nothing to show for it, I ask that you believe in me once more as I start again. I have a big big vision of that shop and I know come the end of this year I will b able to import the same for myself in large quantities through your help. Then I will be able to proudly say I awe my success first to God then to Zidisha. Thanks a lot and my God richly bless you according to His riches and glory even as you plan to fund me.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$396.00
Date disbursed
Jan 14, 2016
Repayment status
On Time
Projected term
20 months
Other loans
Lenders
United States
Ask Margaret a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Matt B May 3, 2019
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