Entrepreneur
Name
Elizabeth
Member since
January 2015
On-time repayments
216 installments • 49%
About Me
I am 26 year old lady married with one lovely daugter.I undertook my studies primary school studies in Kilifi later moved to Thika for secondary school studies at broadway secondary school.I worked at a photo studio in Thika since 2010 to 2011 and that is when i decided to pursue business.Through my saving and my husband we started an mpesa shop and Gas supply station at Weiteithie since it is a place with large population and this necessities are required.The 1st business was an Mpesa which costed as about $500 to put it up.After running it for 6months and realising it was doing well and we introduced supply of cooking gas since most residents there depend on this.When my daughter grows up i would like her to become a surgeon which was my dream as i was growing up or an entrepreneur.This does not mean i will hinder her will to become what she wants but what i will ensure is that she gets a solid eduction to achieve her dream in life.
My Business
The whole idea of my business came up as a result of realising mobile transfer necessity in the modern world.These was lacking in the area as business people and individuals had to travel to Thika to get this essential service.The idea of cooking gas supply came up as the rising demand of the cooking gas due to increase in population in the area.My typical cost are purchase of stock and rent.The cost of rent is $40 which serves both the mpesa and the gas.My mpesa shop gives a profit of ranging between $170 and $150 a month.The cooking gas purchase cost is about $10 a unit and sell it at $15 a unit and my avarage supply units in a month is between 80-100 units.This in total gives me an avarage profit of $600 a month.My profit is used in reinvestment,home expenses and i am planning to enroll for an Diploma in banking and finance later in life.
Loan Proposal
I am planning to spend the money in acquiring an extra 19pieces of cooking gas.This will enable me to have a variety of cooking gas from different companies as my customers have shown different taste and preferences.This will enable me to improve my profit by an extra $60 a week.This will work way much in reducing my transport cost and creating goodwill for my business.My monthly profit is expected to raise by $240 which will enable me meet my installments at ease.Thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$195.00
Date disbursed
Mar 16, 2015
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
United States
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