Loan for a teacher with a knack for business

Esther

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Esther

Member since

June 2014

On-time repayments

415 installments  •  69%

About Me

My name is Esther Wanjiru and Kenyan citizen. I am a teacher of English and English literature. I am a second born in a family of five. I was born in Kiambu county Kenya where I went through my primary school education then secondary school. I later joined Kenyatta University where I took a course in Bachelor of Arts and later a post graduate diploma in Education. I later got employed as a teacher and posted to Mombasa County where I am still teaching.
I am a mother of two young children.

I started a business in 2010 to supplement my salary since I had difficulties in meeting my many expenses such as rent, school fees for my children, transport e and also helping out my ageing parents back home. I run a general shop where I sell common household items like flour, soap, sugar etc. I also sell cooking gas in cylinders. I also started a money transfer business (M-pesa) within the same establishment. I rely on two workers to run the business since I spend most of time in school where I work.
I am a go-getter, focused and very ambitious woman. I believe in integrity and hard work.

My Business

As stated above, I run a three in one business – the main one being the shop where there is a steady flow of shoppers who buy goods worth anything from $0.5 to $20 per shopper. I also sell gas cylinders in quantities of 3kg and 13kg at a retail price of $7 and $26 respectively. I also do a money transfer business (called M-Pesa locally) where I serve about 60 clients daily.
The three departments give me a net profit of about $650 per month – after paying the rent, other bills and salaries.
My business requires heavy investment for buying stock especially the gas section. I sometimes fail to cope with the demand of the gas cylinders since my stock gets depleted very fast especially during the end-month when most workers get paid. I have decided to join Zidisha to access credit which will enable me to build up my stock as this will bring satisfaction to my customers.

Loan Proposal

I run 3 businesses in one namely, general shop, sale of LPG cooking gas and money transfer popularly known as M-pesa – all housed under one roof. I am a teacher by profession but I started this business to supplement my income. The three business combined give me a total net income of about $120 per week.

I have asked for this loan because I want to strengthen the LPG gas section by buying more empty gas cylinders. This loan of $150 will enable me buy 5 such cylinders @ $30. The extra cylinders will ensure that I will have a continuous supply of the product since as things are right now, I sometimes run of stock due to the small quantity I have. The demand for the cylinders peaks at the end of month when most salaried workers get paid and my failure to cope with the demand inconveniences me a lot not to mention losing business to competition. This loan therefore, if granted will help me greatly in expanding my business.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Jun 13, 2014

Repayment status

On Time

Projected term

2 months

Lenders

evinpa

United States

Sarasota

Sarasota, Fl, United States

MrMichigander

Marquette, United States

D

DanielW

United States

Matching Fund

Sterling, United States

G

GayleR

United States

M

Mj11991

Cleveland, United States

M

mjgoldsmith

United States

Leonardia

Waddinxveen, Netherlands

T

timnj

United States

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Summary

Amount repaid

$153.84

Amount remaining

$0.00

Date repaid

Aug 5, 2014

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jun 23, 2014 $15.38 Jun 23, 2014 $15.38
Jun 30, 2014 $15.38 Jun 23, 2014 $2.06
Jun 30, 2014 $13.33
Jul 7, 2014 $15.38 Jun 30, 2014 $15.38
Jul 14, 2014 $15.38 Jun 30, 2014 $0.36
Jul 7, 2014 $10.47
Jul 14, 2014 $4.56
Jul 21, 2014 $15.38 Jul 14, 2014 $12.30
Jul 21, 2014 $3.08
Jul 28, 2014 $15.38 Jul 21, 2014 $15.38
Aug 4, 2014 $15.38 Jul 21, 2014 $4.79
Jul 28, 2014 $10.59
Aug 11, 2014 $15.38 Jul 28, 2014 $15.38
Aug 18, 2014 $15.38 Jul 28, 2014 $1.93
Aug 4, 2014 $13.45
Aug 25, 2014 $15.38 Aug 4, 2014 $15.38

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