Entrepreneur
Name
Dorcas
Member since
February 2014
On-time repayments
71 installments • 35%
About Me
I am a single mum and formerly studying BeD in Laikipia University,Nyahururu. Having studied Economics and Mathematics,i have a passion for teaching. However, i believe that it is in self employment that one can find absolute economic satisfaction. After completion of my education in 2012,i found it necessary to properly manage the family shop through correct and effective data storage and also maximize profits and minimize cost. As i am beggining my settled life,i see a need to expand the shop inorder to achieve financial stability. I teach my specialized subjects, manage the shop and am planning to start writing SEO articles once i get a computer. I still have two siblings in Egerton university and as soon as i can buy more stock i.e,stationary,sugar,shoes,grains,clothes etc,my siblings will comfortably go through school
My Business
My business is a family shop and the weekly income is around 310 dollars.fortunately,no rent is required as the shop was built by my father. The amount is used to restock while some is saved since i have siblings in school who still require fees. A number of plots have been constructed using the profits from the shop. The goods include sugar,rice,shoes,clothes,airtime and other general goods. Good relationships have kept the customers coming time and again. Not overcharging on goods has also aided to develop the business. It is a business that paid for my university education. The policy,the customer is always right helps alot in such a business. Already,am able to save 110 dollars monthly. Incase business isn't doing so well,my mother runs the shop as i teach mathematics in a local secondary school. With my assured monthly salary,I will therefore comfortably repay the granted loan.
Loan Proposal
just like my previous loans. I am intending to invest in fluffy mats materials. currently, I have three outstanding orders from former pregnant schoolmates looking to decorate their infants bedrooms. indeed, it takes some time to complete a mat but it is quite rewardind. I plan to invest 30$ on tapestry and the remainder on wool. I will surely appreciate you trusting me with your money again!
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Loan Info
Project Type
Classic Loan
Disbursed amount
$42.00
Date disbursed
Aug 9, 2015
Repayment status
Late
Projected term
10 months
Other loans
Lenders
Germany
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