Money to add my stock

Mary Gorrety

Masogo Village, Kenya

100% repaid

Entrepreneur

Name

Mary Gorrety

Member since

May 2015

On-time repayments

267 installments  •  26%

About Me

I am a mother of six children two girls and four boys all my children are still alive and my husband also Mr martin Were who is also a village elder in our Masogo Village four of my children live in Nairobi my last born is still in primary school std 7 and my second last is in his first year at Jaramogi Oginga Odinga University of Science and Technology,we moved to Masogo some ten years back after my husband retired from his job and we settled here at his fathers farm,I started my business back then so I may assist him to bring up our children and to help grow our village.During my free time I travel to visit my children and I also like to socialize with people so I attend forums since am also a volunteer at KEMRI and other community projects.

My Business

My business involve selling of new and second hand bags which I buy from Gikomba market in Nairobi and take them to my village I found this business to be profitable since my village is remote and it has a big population and most of the people there are settled there doing crops and animal farming so there is flow of cash but they do not have time to travel to Nairobi to buy this products that they need so I do the work for them and they pay well.From the profit i get from my business I save the rest I cost share with my hgusband to support my family expences.

Loan Proposal

I wish to apply for ksh9,526 equivalent to USD100 this money I will use to add my stock since a bale of bags from Gikomba market goes for ksh16,000 and I would like to stop sharing with my business associate so I will add the funds from zidisha to my savings and get the whole bale this will help my business yield more profits since I normally make 200% profit from stock worth sh8,000 so with stock worth sh16,000 I will make like 400% profit and that will be very good for my business I will have enough money to save for my business take care of my family needs and re-pay my loan very well.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jun 16, 2015

Repayment status

On Time

Projected term

5 months

Lenders

Franmiguel

Perth, Australia

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