Benter
Mbita Township, Kenya
25% repaid
Name
Benter
Member since
March 2015
On-time repayments
19 installments • 11%
My name is Benter Oriema. Am married with three children. I separted with my husband 4 years ago and am currently living alone while taking care of our children. My husband was a drunkard and would often beat me and the kids when he is drunk.
I went through my education in Government funded institutions in Mbita, Kenya and after my high school. There was no money to proceed to high school, so I opted to get married at the age of 23. Life in Marriage was very hard and since my husband was not supporting the family financially, I had to start a business to supplement my family income. I have now operated the business for 7 years and I have build a strong client base as many people likes my products
I basically deals with small scale dried fish trader mostly selling to the ultimate consumer, as my business has not expanded enough to make me a supplier. I mostly trade in dry fish, namely maize, rice, beans, green grams and lentils, to name a few.
Mbita is a semi arid area and food products are very unlikely to lack a market because they are basic necessities. The target group for such kind of commodities is virtually everyone. Another motivation is that I wanted to contribute in food security and ensure it is done so by ensuring that my customers are always well supplied. My monthly revenue is US$ 120 on average and comes purely from selling the fish and grains. My monthly costs go up to US$70 on average, giving me a profit of around US$50 per month. This profit goes towards my savings, my children education and meeting my family's expenses. I look forward to having a stable family in future as well.
With this loan I will be able to purchase extra stock to meet my customers demand, which keeps on growing every day. I will buy the goods from farmers directly who sell at subsidized prices. I will then sell them at retail price boosting my profit margin.
I also look forward to expand my stall premise which will have sheltered my goods from rainfall and sun rays.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Apr 20, 2015
Repayment status
Late
Projected term
4 months
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