Name
Milcah
Member since
April 2013
On-time repayments
12 installments • 33%
I am married and blessed with 2 young boys both in primary school. We live in Soweto slums hence my husband is employed at fast food shop in Nairobi City while I am self employed whereby I sell hand sewed bags and bracelets. During my free time, I volunteer myself at a local school to assist in cooking, cleaning and teaching because the school has no adequate staff.
My husband & my earnings are used for the upkeep and savings to expand our business hence able to pay school fees to our two boys when they join secondary school.
My business involves selling bags and bracelets to the local community. The local residents like my business because I believe i make good and cheap bags and bracelets. I intend to expand my business by introducing a sewing machine so that i can produce more bracelets and bags to ensure my customers get all what they want from my shop.
My average monthly sales is Kshs 35000 while the average monthly expenses is Kshs 27000 and my average monthly profit is Kshs 8000 but with the Zidisha loan, the profit will increase.
My business involves making & selling baskets, necklaces and bracelets thus I will use the loan from Zidisha to purchase a sewing machine so that I can make new products like cloth bags, inner materials for shopping bags & purchase thus having various designs for the bags and also increasing customer base because some customers will only be interested with my new products thus increasing my revenue.
I will use the zidisha loan as follows purchasing sewing machines at Kshs 5000 and clothe materials at Kshs 1500 and thread for the sewing machines at Kshs 500.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$97.00
Date disbursed
May 21, 2013
Repayment status
Late
Projected term
12 months
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