Purchase of New Fresh Food Inventory for Retail Stall Business

Eucabeth Wariwa

Kirindo, Kenya

Funds disbursed

$0 to go

100% funded of $250 goal

0

days left

Entrepreneur

Name

Eucabeth Wariwa

Member since

April 2015

On-time repayments

30 installments  •  13%

About Me

lam Eucabeth Wariwa, born and raised in Migori County. I was the 5th born in a family of eight. My parents were peasant farmers and I learn't business from them as they used to send to the local market to sell farm produce when they were busy harvesting. My early years of schooling were really hard and I didn't manage to reach grade eight! I dropped out from school due to teenage pregnancy and after this, I got married. I and my husband relocated to Mbita town, where I have stayed to date. My husband died three years ago from HIV/AIDS related complications and I was left alone with the duty raising up our six children.

My first born has completed High School and will join College later this year if funds becomes available. My last born will sit for final primary education examination this year. The other four children are in high school. I am fully engaged in my business of selling tomatoes, a times I do two to three jobs a day to make ends meet.

I do participate in women economic advancement programs that aims to raise funds and re-loan among members., This is what has kept me afloat inspite of many financial constraints that I and my family goes through.

l believe with Zidisha l will be able to realize my dreams since they offer affordable loans

My Business

I have been in this fresh on -farm produce sale business for the last 10 years, I do buy tomatoes from nearby farms and sell to my customers at Mbita market. I decided to venture into this since tomatoes sell like hot cake and most customers like it . My biggest challenge is how to sustain my customers during dry season. It requires a higher capital to travel to get tomatoes. I wish to see myself owning a green house to produce vegetables throughout the year.

When your offer me Zidisha loan l will be able to introduce onions, kales and cabbages and increase the stock of tomatoes in my business

Loan Proposal

I am seeking a loan of KES 24,794 to be used as follows;

- Purchase 180kgs of onions at a cost of KES 7,000,
-Purchase 3 sacks of kales at a cost of KES 4,500
-Purchase 80Pcs cabbages at a cost of KES 3,000,
-Purchase four crates of tomatoes at a cost of KES 4,000 each.

This loan will help me to be efficient by ensuring the customers get all they need for cooking in one place hence increase in profit margin by 50% in the 1st month and continue to grow my business. The loan will enable me to meet my family obligations and repay the loan on time in order to seek more loans as the interest is very very low and it's customer-oriented loan.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$250.00

Date disbursed

Jul 20, 2016

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Service fee: $10.30

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Summary

Amount repaid

$0.00

Amount remaining

$262.49

Expected completion

Nov 1, 2016

Status

Repaying late

Installment amount

$19.16

Repayment History

Expected Payments Actual Payments
Aug 2, 2016 $19.16
Aug 9, 2016 $19.16
Aug 16, 2016 $19.16
Aug 23, 2016 $19.16
Aug 30, 2016 $19.16
Sep 6, 2016 $19.16
Sep 13, 2016 $19.16
Sep 20, 2016 $19.16
Sep 27, 2016 $19.16
Oct 4, 2016 $19.16
Oct 11, 2016 $19.16
Oct 18, 2016 $19.16
Oct 25, 2016 $19.16
Nov 1, 2016 $13.44

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