Mitumba business

Jane

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Jane

Member since

August 2016

On-time repayments

24 installments  •  54%

About Me

Iam Jane Nyabuga ,a mother of six, I was born in 1968 at my area home called Nyansiongo.I was brought up by my parents who took me to Omoyo primary for academic studies ,from 1974 to 1983,afterward i joined my secondary Education at Kereri Girls High School where i completed my form 4 in 1988.Thereafter i joined Jogoo college in Nakuru for my first diploma in secretarial studies which i completed in 1994. By then the job market was flooded I could not secure a job .I was pressed by life to seek for an alternative,luckly a friend adviced me to join her in a mitumba industry(selling clothes) where i could earn a living from.
I live on land that is full of business opportunities but I finances to expand and also to implement some business opportunities.I have six kids who depend on me though with high ambition of becoming Accountants and Doctors,already my first born has started his career as an Accountant.
I like farming as a hobby(mixed) since can comfortably provide food for my family. I have also started dairly farming see will take me to the next level

My Business

I run a joint business of mitumba (cloth selling) and a Dairly shop.so my products are clothes ,milk and milk products. The cost of running my business is on average of Kshs 40000 that is inclusive of rent ,electricity ,other general expenses and business up keep.The business yields a profit of about Kshs 20000 which i invest on educating my children.I wish to expand my business to yield more.

Loan Proposal

I wish to use this loan to add stock of socks.Having sold socks for the first batch I realized some good profits that has lead me to go for more stocks for stock .
I wish to use the ten dollar to buy extra bundle of stocks which will help to increase my profits.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$10.00

Date disbursed

Mar 8, 2018

Repayment status

On Time

Projected term

8 weeks

Lenders

SB

Stephen B

United States

B

bea

Australia

E

Euge

Argentina

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