Loan to open a new branch

Mirriam

Machakos, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Mirriam

Member since

January 2014

On-time repayments

93 installments • 13%

About Me

I am a lady aged 27 years, a bachelor of education graduate from Kenyatta University. I am married and I am a mother of a 2year old daughter. I live in Eastleigh which is in Machakos town and I run a small business in Machakos town (at Marikiti Market) where I supply detergents and cleaning materials and disinfectants. I started the business as I had the passion for business. The business i do required less capital and that is why i ventured into it. The earnings from the business sustain my family by paying bills and add stock to the business. The business is booming in the area and that is why I require a loan to increase my stock supply. Kindly consider me for the loan.

My Business

We supply detergents and cleaning materials and disinfectants-the business is the only source of income. The demand for these locally made detergents is increasing as they are cheaper compared to industry manufactured ones. The customers prefer us to the other competitors as we have the best customer relationship management and our prices are cheaper. We also offer follow up services to our customers and home deliveries which makes them want to purchase from. The business if profitable because we have a large customer base who purchase our products from different parts of Machakos. The risk we face is of shortage of chemicals in the market considering the fact that the chemicals are imported from China. The monthly sales are 100,000 with costs of 80,000 and a profit of 20,000 that i use to pay bills.

Loan Proposal

Hi Lenders,

My Business has grown thanks to Zidisha lenders. I would not know how well to thank you for your kindness. I am now expanding and am planning to open a new branch for the supply of detergents and cleaning materials as well as other general household goods. This loan from Zidisha would act as a top up for the money I have and would enable me successfully get the new business running. Kindly help me raise the money and I will repay the loan in time.