Motorbike to ease delivery

Mary Ng'ang'a

Naivasha, Kenya

29% repaid

Entrepreneur

Name

Mary Ng'ang'a

Member since

January 2014

On-time repayments

79 installments  •  46%

About Me

Am Mary Kibui Ng’ang’a and a resident of Naivasha Estate that is 90 kilometers from Nairobi City, and in Nakuru County. l am married with two sons who are in primary school level. l am a business lady , I choosed this field after graduating from the high school level and I was not able to join any college at that time. This has enabled me to learn a lot about the sector to be able to fit and accommodate my life and family well. My first business was a dairy shop that I started with the saving that I was given by my mother and little that I had saved. l used to do well since at my area there were no shop of the like and that enabled me to save and added another service of selling mineral water since Naivasha has been known one of the towns with salty water. My income is to provide for my family as well as re-invest back to the business.

My Business

My business is located along the Kenyatta street of Naivasha town. I deal with the livestock products (Milk & Eggs) as well as mineral water, and currently I have managed to add an M-pesa Shop. To minimize on my expenses l buy my stock direct from the farmers & Water Company as they are cheaper instead of buying from the middle-men (Brokers as referred by many). l sell the products at a profit margin of 15% which enables me to make Kshs 25,000-30,000 as net profit after deducting business expenses such as rent, electricity and many other revenues that are taxed.
Since there is lot of competition here in Naivasha l make sure that my prices are less from my competitors and that enables me to sell more and affordable to my customers. At times l do arrange on how delivery are made at home and offices for my customers who are out of town and who buy large quantities for sale.

Loan Proposal

First is to express my gratitude on theway Zidisha has been of help to me and my business at large, the two loans i was a given has made my business grown at a good rate and that why im here again requesting your hand in this application so that i can be able to purchase a motorbike to ease my delivery to my clients.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$651.92

Date disbursed

Nov 10, 2014

Repayment status

Late

Projected term

11 months

Cost to entrepreneur

Lender interest: $651.92 at 7.87% annual rate over 11 months = $51.17

Service fee: $23.76

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