Loan to expand my business

Joyce

Embakasi Estate, Kenya

10% repaid

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How it Works

Entrepreneur

Name

Joyce

Member since

July 2012

On-time repayments

318 installments • 60%

About Me

I am a single mother aged 39 years old. I ahve two children who depend on me since they do not have stable jobs. I got my first child at an early age when I was still at primary school. I therefore stayed at home for one and a half years and went back to school thereafter.I continued with my education and managed to join high school. Unfortunately I dropped out of school at form two after an abrupt death of my grand father who was our sole breadwinner. I therefore opted to help my grandmother with home chores as I could not go back to schools as there was no one to pay school fees for me. It reached a point when I could not depend on them any further and I therefore decided to leave the village for greener pastures. I got employed as a house-help for a three(3) years and I managed to save some money and started a green grocer. I was in this business for one year and decided to change to another business. I started a small Beauty shop which am doing upto date. I would like to expland my busines

My Business

I operate a beauty and cosmetics shop. I deal in both men and ladies products like handbags, belts, earrings, necklaces, shoes, scarfs, socks, trousers e.t.c. There is demand for this product because I sell the products which are on fashion and at a reasonable and affordable prices. I also sell to other traders at wholesale prices and they go to sell to other customers. My customers like my shop because they say the prices are good. they also say that they like my services that is the way i service them. I also give my goods on credit and they do not fail me. my business is situated at a bus stop and therefore I am able to attract many customers. i also send my son to vendor the goods in the nearby estates. He does door to door services and sometimes goes to sell them in the city center and in the offices. some customers who are not able to travel send me to Kampala to bring them their goods and charge them a fee for the services. My monthly expenditure include house rent, transport,school fe

Loan Proposal

Hey lenders am here again so that we continue .once i will get that loan i will first of all renovate my shop as usual so that it will become more smarter i will use about 20000 to renovate 50000 for a tent so that my room will be abit bigger also i will use about 40000 for a small party to congratulate my customers for being with me i will also use about 100000 for adding stock and the rest i will settle with rent and my family .Thank you and God bless you all as you continue consider me

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camilberlin May 2, 2017

Again paid back fully and on time, and kept us updated about how she is doing. Would lend again any time (in fact I just did).

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