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
My plan is to expand the cooking gas business as it is running out of stock frequently which also increase transport expenses.The loan i am requesting will assist me to acquire atleast 9pcs of cooking gas which will in return give a profit of $30 every time i order.This increase in stock will reduce my transport expenses and also boost customer confidence since whenever they require cooking gas it will be available.I expect my profit to increase by atleast $90 a month.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 18, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Gold River, Canada
United States
United Kingdom
Germany
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