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 expand my business to enable me reach a wide market for different people with different desires and preferences in the clothing industry.
I wish wish to use this loan to buy mitumba socks which i have their demand rising .I will purchase sixteen pairs of socks @ 0.5 dollars each and this will yield back approximately 50 percent profit.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$7.00
Date disbursed
Feb 4, 2018
Repayment status
On Time
Projected term
5 weeks
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