Loan to pay my college fee

Sarah

Naivasha, Kenya

100% repaid

Entrepreneur

Name

Sarah

Member since

January 2017

On-time repayments

26 installments  •  77%

About Me

My name is Sarah Bundotich, a kipsivis lady born and raised in a place in Kenya called Naivasha. I schooled at Kilimani Day Primary school in Naivasha before joining Gilgil girls high school. I finshed secondary school, manged to pass well with a grade that could take me to college but for the past three years i have never realized my dreams because of financial constraints.
I was brought up by my Aunty when both parents succumbed to a fatal road accident when i was in class four. So all along my Aunt has been supporting me with my education. She also has four kids together with me we are five and this is becoming quite a very hard task for her.
After completing school, i was employed at an Mpesa shop to help transcact money services that is deposition and withdrawal of cash, i did that business for 1 and a half years. With the help of my Aunt and the and the savings that i made, we managed to start our own Mpesa business.
I don't have children at the moment because i am still young, i wish to pursue higher education and i believe that this is the year. With the help of my business, my Aunt and also loan from team zidisha i see myself going to school.

My Business

I own an Mpesa outlet where i do money transactions. This involves deposition and withdrawal of money using mobile phones. I also sale scratch cards for airtime.
This service are very useful because now with advancement in Technology nearly everbody in Kenya sends and receive money through the use of mobile phones. This makes my business quite useful and also on great demand. I chose this business because after working for someone for that long, i realized the importance of this service, i was therefore challenged to start my own business because the profit margin that i witnessed while working for her was good to sustain myself and also see me through my education.
I have been using the profits that i get by reinvesting back into the business, save for my school fees and also support my Aunt who has been my caretaker all through my life.

Loan Proposal

I have been having a dream of continuing with my education for the past three years i have been saving to realize this dream. I therefore wish to use the loan given in addition to my personal savings and enroll in school for higher education.
The school for the 1st semester cost 400 us dollars. If i receive the loan, i will enroll myself in school because out of my mpesa business i have made to save cash that i will use in addition to the loan if granted .
I will benefit from these because with education i can be able to manage my business well and also compete with others in the white collar job market

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$21.00

Date disbursed

Jan 27, 2017

Repayment status

On Time

Projected term

4 months

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