31 installments • 61%
My names are Nancy Akach ,I was born in Kisumu District in Siaya.I was brought up in a family of six Siblings I being the third born.I am married with two kids Malanie and Ellymike.I joined Primary school in the year 1987 at Lower Kabete Primary school in Nairobi where I did my KCPE and late joined Ranga’la Girls High school in the year 1994.Later on I joined Moi University where I did Business Administration after which I started a small shop with the help of my parents and my little savings.As time went by I decided to venture into another business where by I decided to run a pub where I sell whines & spirits and also cold drinks.
I started business after finishing my college ,the name of my business is called NANA WINES & SPIRIT which is located in Manyatta ,a slum estate in Kisumu town .The stocks I do sell are wines,spirits and soft drinks. The business is worth kshs 100,000, and approximately makes a gross profit of kshs 35000 (403 US Dollars) or income before these expenses. My Net profit usually fluctuates between ksh.12000 to ksh.18000 (US Dollars 130 to 210).I use the profits from my business as follows :40% to support family up keep ,30% I put back in business stock,30% savings.
The challenge I have in these business is lack of enough stock and a television to entertain and lure more customers ,while the strength I have is that I have no competitors to my business in the area.
If am given this loan by Zidisha, I will buy a television which is about 115 US DOLLARS to entertain my customers in the pub during their drinking session and also to enable them watch football and news as they have their drinks..
Thank you Zidisha in advance,With this I will have many customers hence it will create a profit increase up to $375 monthly.
God bless the Zidisha Lenders
Apr 21, 2015
Cost to entrepreneur
Service fee: $3.49
Nancy opted to pay $15.65 into the Zidisha Members Loan Fund in return for a higher starting credit limit.
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