Kasarani, Nairobi, Kenya, Kenya
346 weekly installments • 86%
I am a 31 years old , married with one child. Professionally i am a Realtor and proprietor at Scopah Enterprises Limited. I was born and raised by struggling parents but they gave all their efforts to ensure that me and everyone in the family could enjoy the basic needs and education. Myself i studied up to high school level for my parents could not afford to get me passed that but i did not give up. I found my way to Nairobi through a friend who housed me for several months before introducing me to this grate man who taught me through the essentials of Real Estate and gave me a chance of working under him. During this period he saw my interest in this field and encouraged me to start classes. I am now a proud Diploma holder in Real Estate but my boss and the person who introduced me in this field did not live long enough to see how far i could go, he sadly passed on in September 2015 through cancer. With over 8 years experience i have decided that am ready to venture in this market and i have had progressive meetings with a friend in the same field and are in the final stages of registering our own company. My friend and partner to be has over 15 years experience in the same field and our aim is to combine our efforts in developing our young firm with a target to becoming one of the leading real estate firms in Kenya by the next 10 years. I am a big fan of business documentaries and also a soccer lover. Besides i love exercising and reading news papers and magazines. It has been a long journey so far but am not giving up till i see my self up there with the best entrepreneurs!
Scopah Enterprises is my business that that has been in operation for about 4 years now. In this business i deal with the fast moving consumer goods. I chose this kind of business after conducting a feasibility study over a period of six months which led me to concluding that this are basic goods and people will need them in their homes day in day out. Through my business i was able to generate monthly profit of about $500 but your first loan saw my profit go up by 8%. Your second funding of my project enable my profits grow with another 12% and your third lending grew my profit with about 16%. I am currently enjoying monthly profits of about $800 of which i spend $115 for rent, $125 i pay myself a salary, $115 i pay my wife who runs the business, $40 takes care of utility bills, $100 goes for savings and the rest goes for reinvestment in growing the business. During this period we have been in operation we have seen tremendous growth most which is all because of your funding.
With your previous loan having enabled my business to grow to about $695 i have though it wise to look for my private mode of transport that will help me in running my business. I was advised by my financial consultant to not strain myself too much and start with a motor bike for i do not have enough money to purchase a business car. This motor bike will enable me transport goods from some of my suppliers to my shop, help to deliver goods to customers who order in large quantities of course at a small fee and also transport people from one place to another. My estimate is to see my business through this mode of transportation grow with about 15% bringing my earnings to about $800 in the next three and a half months.
Aug 3, 2015
Cost to entrepreneur
Service fee: $22.44