Janet Rita
Ogongo, Kenya
100% repaid
Name
Janet Rita
Member since
April 2016
On-time repayments
38 installments • 45%
My names are Janet Rita Otieno, 24 years of age and a single child to Mr. and Mrs. Otieno. Both of whom are peasant farmers in Homabay county of Nyanza province in the republic of Kenya. I attended Ogongo primary and secondary schools before joining Kenyatta University for my degree. I am currently in my final year hoping to graduating in july this year by God's grace.
When i was in secondary school i remember a time when Kenya experienced a very long drought that really affected the agricultural yields and my parents were hardly hit because they had no other source of income other than farming. It reached a point where they could not even settle their bill. Examinations were also in the offing and examination fees were required yet they sincerely had nothing at all so i resorted to casual jobs to at least get some income. Being a lady it looked somehow awkward to engage in such jobs especially masonry and i was really teased by classmates and school mates but that did not change my mind and i remained focused and determined to achieving my goal.
That season taught a lot of things and inculcated the idea of business in my mind, while in the second year in the university i vowed to make the business idea in my mind a reality, so i joined the business club where students meet and brainstorm the existing business ideas and get to share among themselves business related pieces of advice. . It is from that club that i started my own business.
I am interested in making new friends, visiting children homes during my free times to deliver motivation speeches.
My business is a fashion and design an art i learnt from a friend in the business club i joined at the university. Overtime i made small savings and borrowed also from friends to buy a second hand sewing machine.
I have been designing latest fashions and selling to the local dress makers and tailors. My target market are generally university students, most of them are pro fashions and this creates a huge demand for my products.
The typical costs include fabric cost, research and marketing whereas the revenues is generally from the sales. I use part of the profits for my upkeep, a small percentage goes to supporting my parents while i reinvest the rest in the business for growth. I currently make a profit $100 monthly.
I purpose to use this loan to fund a study I am yet to undertake on the trending fashions and designs.
This is the breakdown of expenditure:
-Modem@ 1000KES
-Data bundles 2000KES
-USB Cable @250KES
-TOTAL 3250KES
The findings of this research will lead to new designs that will likely attract more sales revenue hence increased profit.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$34.00
Date disbursed
Mar 3, 2018
Repayment status
On Time
Projected term
4 weeks
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Margaret Feb 7, 2018
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