Newmatt supermarket

Stella

Nakuru, Kenya

22% paid forward

Entrepreneur

Name

Stella

Member since

February 2014

On-time repayments

243 installments  •  74%

About Me

My name is Stella Chepngeno. I am a young single mother with 2 children. I am a very industrious lady from Kiamunyi, Nakuru County. This is one of the blessed places because agriculture does really well. Agricultural activities range from tea, potato, pyrethrum and maize farming. Dairy farming also does well here. I cleared school from Keringet Boarding Primary school in 2003 after which I joint St. Clare High School for my Kenya Certificate of Secondary Education (KCSE). I qualified for a Bachelors Degree in Commerce (Marketing option) in Egerton University, Nakuru. I graduated in December 2013. Currently I am a business lady operating my own cyber Cafe and recently opened up a restaurant.

My Business

The cyber café and restaurant businesses have really been rewarding despite the covid-19 pandemic. I won’t fail to earn $250 on a bad month. My business is just a 2 kilometer-drive from Nakuru town. The estate holds, on average, many affluent residents. There are a few shops around putting me in a position to sell more. I also have an M-PESA and fully stocked retail shop . This is something common in Kenya and it enables people to deposit, send or receive money through their phones- mobile banking. The main challenge in my shop is that most residents buy goods in supermarkets in town as they head home from work in the evening. However, I never fail to get customers. The shop and M-Pesa gives me a profit of over $400. I am looking forward to growing my business even more and I would be grateful to all those who will help raise the loan to grow my business even more bigger.

Project Proposal

I recently opened a supermarket in Kiambu Nakuru in a small town at the outcast of Nakuru. I started from a small retail shop back in 2015 with an Mpesa agency, to a wholesale store and with the hardwork and business discipline I have managed to open the supermarket (New Matt Stores Kuamunyi)

Feedback

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Project Info

Project Type

Pay It Forward

Disbursed amount

$114.00

Date disbursed

Mar 11, 2024

Backers

Samuel

Gesonso, Bomwanda, Kenya

Mildred

Namarambi, Kenya

Edward

Nairobi , Kenya

Vincent

Nairobi, Kenya

M

Moses

Kitui, Kenya

Moses

Mufulira, Zambia

A

AWellofWealth

United States

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