Name
Ruth
Member since
October 2017
On-time repayments
28 installments • 93%
My name is Ruth Wanjiru Ngugi born in Trans Nzoia County in Kenya in the year 1985.
I started school back in the year 1990 and finish my primary education in the year 1999 after passing the National Exam I got an opportunity to join secondary education in the year 2000.
My secondary education had a lot of challenges since my parents had to sell maize and beans to enable me complete my education .After completing my secondary education I had to stay at home and help my parents in the daily chores of maize planting since it was the only way of earning income.
The little income I earned from the sell of maize I saved it and opened my business which I started selling milk to my neighbours since milk is inadequate in my sorroundings.
In my own time I like reading and getting knowledge on how to improve my milk business.
In my small milk shop I sell milk and milk products.Milk in my area is of high demand since it is an semi arid area where milk is very inadequate.I chose this kind of business since my area is populated and hence the demand of the product is too high.In the sell of milk I get a profit of Kshs.2000 per day and this profit am using it to pay my children fees and reinvestment in growing my business.
I will use the loan to expand my milk shop by increasing the amount of liters sold per day from 10liters to 20 liters per day.
By increasing the amount of liters per dayI will better my living standards since it will incur alot of profit.
since it is festive season the demand of milk is high hence the profit will increase.Also in the area where my business is located is semi-arid the demand of milk is large.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$174.00
Date disbursed
Dec 28, 2017
Repayment status
On Time
Projected term
6 weeks
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