Entrepreneur
Name
Damaris
Member since
January 2014
On-time repayments
119 installments • 25%
About Me
Im Damaris Mecha, 34 years old, single mum of 3 children aged, 11, 8 and 4years Diploma holder in IT from Jkuat working with a clearing and forwading firm in mombasa for 7 years now. Im also a business lady dealing with men clothes and second hand packaging materials like paper sacks and polybags which i supply to my clients here in mombasa and kitale county where i originally come from to supplement my monthly income. With the earnings from my business which i started as a part time one, i have managed to rent a stall at Majengo in mombasa which acts as a store and a retail place for my goods.
My Business
Im employed on a permanent basis with a monthly salary, from this im able to cater for the needs of my family, the clothes generates not less than 15,000 profit monthly depending on their quality and the season since i do sell my clothes to my fellow staff mates at work and on most online sokos and their uniqueness and quality since most employed people have less time to go and look for some items. My men clients prefer my products because of the price which is slightly lower because they come from turkey thus making them not easily available to my competitors here in kenya but just a few. I have a good client base back at home since they mostly rely on me to supply them with the packaging materials especially the harvesting season which i do get them here from the warehouses at Ksh15 and resell each at Ksh40, while the papersacks i buy at Ksh 15 and resell at Ksh23 per bag. I have a business deal with one exporting company of tea where i do get the used papersacks after they have blended their teas and in a day i can make a profit of upto Ksh12,000 or even more , the only challenge in this is that its not a daily business since it depends on the volume of teas they want to blend and ship, and the climate change which has really affected the tea pricing and its business at large but its good thing is that there are always ready market for them especially now that they are very scarce . For the stall i pay Khs5,000 rent monthly, salary of Ksh 4,000 for my house assistant and power not exceeding Ksh400. My first loan assisted me to open a small stall back in kitale for my polybags for retail selling and also storage where by I have been able to buy in bulk during high business season without any hinderance of storage space and therefore cutting on transport cost
Loan Proposal
This loan will assist me to open another small stall back in kitale where i will be able to buy and stock the polybags so that instead of having to send to each client whenever i have an order, it can be delivered from there and also it will help me maximise my profit since i will also be in a position to retail some of them at a higher rate and save on transport costs also
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Mar 3, 2014
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Austin, United States
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