Open a branch of selling ready maize and beans (githeri)

Nancy Chepkoech

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Nancy Chepkoech

Member since

February 2016

On-time repayments

177 installments  •  28%

About Me

Am nancy chepkoech a mother of one daughter a christian and a lover of rock music, I schooled at Baricho primary school and Baringo high school i later joined Eldoret [polytechnic and did a course in catering after college i did not get employed and decided to use the small money i had to start a small business in my area i noticed population increase most are bachelors whom are in school and would not find time for cooking so i decided to invest in boiling of maize and beans (GITHERI) and selling them while ready ready for frying.
I did nt have lots of money for a good business but with the small i had i made good use of it, I started with 10 kilograms mixture of Maize and beans which was giving me a a profit of 300 Kenya shilling a day, My business grew as no one else was doing the same business and i started making 500 to 800 Kenya shillings a day.

My Business

I sell ready to eat maize and beans popularly called Githeri in my home,
This is basically maize and beans i buy and boil and people buy to go and eat or fry at their homes which is not time consuming.
I make 1500 Kenya shilling a day 500 is the capital and 1000 Kenya shilling is my profit my expenses are charcoal and water.
People have no time to boil this food it takes time so i make it easy for them and i focus on my target.
I use the money for basic needs and support my siblings in school.

Loan Proposal

Granted 10 us dollars i will make it 30 us dollars and use to open another branch of my sell point this will create employment to my younger sister and also increase my daily income buy 25 percent.
10 us dollars pay rent
10 us dollars buy a big ( sufuria ) cooking pot
10 us dollars buy one dozen of packaging polythene bags
I will be preparing the food in my main shop and distribute to the other shop.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 23, 2016

Repayment status

On Time

Projected term

2 months

Lenders

G

guenter

Bremen, Germany

A

Andy

Berlin, United States

T

tontonca

United States

Yvonne

Berlin, Germany

wissam

Jeddah, Saudi Arabia

Anonymous

Ocoee, United States

E

EABF

Netherlands

Ask Nancy a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$52.51

Amount remaining

$0.00

Date repaid

Apr 27, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Mar 3, 2016 $5.02 Mar 11, 2016 $5.02
Mar 10, 2016 $5.02 Mar 17, 2016 $5.02
Mar 17, 2016 $5.02 Mar 17, 2016 $5.02
Mar 24, 2016 $5.02 Mar 24, 2016 $5.02
Mar 31, 2016 $5.02 Mar 24, 2016 $5.02
Apr 7, 2016 $5.02 Apr 4, 2016 $5.02
Apr 14, 2016 $5.02 Apr 9, 2016 $5.02
Apr 21, 2016 $5.02 Apr 19, 2016 $5.02
Apr 28, 2016 $6.02 Apr 25, 2016 $5.02
Apr 27, 2016 $1.00
May 5, 2016 $6.35 Apr 27, 2016 $6.35
May 12, 2016 $0.00

Loading...