Products for my reatil shop

Maureen Owino

Siaya, Kenya

100% repaid

Entrepreneur

Name

Maureen Owino

Member since

April 2015

On-time repayments

232 installments  •  46%

About Me

I was born and grew up in Siaya County where i was able to attain both my primary and secondary school education. In 2007 i went to the capital city(Nairobi-Kenya) for college studies. Being that i came from poor family, i was forced to rethink of other sources of finance to facilitate my basic needs. I searched for part time employment but in vain. Its at this moment that i decided to engage in an income generating activity. Because of inadequacy of funds, my studies came to a halt. This is when i decided to venture in beauty industry which progressed well until the post election violence which resulted to my business being burnt down. I thereafter decided to go back home(Siaya) where i have started up beauty shop again(Kinyozi&Salon) . Currently I'm a single mother of two and entirely depends on my business as a source of income. Above all im a born again child of God who fully believes in Him and serves in our church(Living faith International a.k.a Winners Chapel-Siaya Kenya)

My Business

Initially i had a beauty shop where i sold beauty products to college students. However because of the fist loan i received from Zidisha, i've seen my business grow hence have ventured into a retail shop. In the 3years time, i see my retail shop to a wholesale. So currently, i ran two shop within the same location.
In my shopi sell household items such as sugar, cooking oil, flour, airtime, seats for hire e.t.c. The goods i sell are of demand since they are used in day to day's basis. I chose on this business mainly because of the demand for the commodities around this place yet people walk a far distance to find a shop. The population here is also high being that there are two colleges, a hospital and residential houses being constructed around.
Typically, my costs are kshs.25,000(rent 15,000, electricity 5000, security 3000 miscellaneous 2000)per month and my revenue is at kshs.approximately 50,000/=. I use my profits to pay my house rent, clothing, food, school fees for my two children, and my brother who is in high school,electricity bills, water bills, expansion of the business, and support my mother who is widowed and also at times to take my children out for their picnics.

Loan Proposal

I intend to buy a refrigerator worth 500 dollars. This means therefore that iwill some money to the loan i will receive. The fridge will help me preserve the perishable commodities that i also sell in the shop. I will also use it to cool soft drinks for my clients. To me it will be of much help as I've been loosing customers who wants cold drinks that currently i don't have. Secondly ,I've not been able to sell commodities that require cooling hence with this it will be of much help. I will also save my customers who not need tow walk long distances to get the services they require.
I expect to increase my profits because currently i do not give these services to my clients who have shown thier demand for the same.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$180.13

Date disbursed

Sep 17, 2015

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $7.48

Lenders

KyRoamer

Louisville, Kentucky, United States

johnandmoliehi

Canton, New York, United States

MienDeGraeve

Ouagadougou, Burkina Faso

A

AlexCheng

Seattle, United States

M

MattLondon

London, United Kingdom

SeeMeeFi

Ontario, Canada

C

cravioli

geneva, Switzerland

J

jzidi

Los Angeles, United States

ads68

Melbourne, Australia

fairspirit

Utrecht, Netherlands

D

DavidJSmu

North Attleboro, MA, United States

B

BMcDermott

Washington, DC, United States

Genady

Münich, Germany

Z

zvrk2014

Brookline, MA, United States

Paul Buchheit

Mountain View, United States

S

Samhall8

Brandon, Canada

mepster

San Francisco, Ca, United States

N

nshekher

United States

Otto Barten

Amsterdam, Netherlands

D

djlayton4

United States

K

Kristiina

All Countries

B

Berrin

Stuttgart, Germany

Heiko

Haan, Germany

Roy

Espoo, Finland

Paul

Auckland, New Zealand

MW

Matt Willis

United States

W

Wade

United States

Kai

Nuremberg, Germany

PP

Pasi Paajanen

Helsinki, Finland

anne

Cologne, Germany

Solon Brown

Singapore, Singapore

DC

Dan Crosby

United States

Martin Nielsen

Aarhus, Denmark

P

Paul

Netherlands

JF

Jason Foti

United States

M

Mart

United Kingdom

K

Kevin

Australia

P

patricio

Yorba Linda, Ca, United States

E

eriklonnroth

United Kingdom

RobLu

Michigan, United States

E

ebahlquist

United States

Australia

TF

Tom Fawcett

United States

Jason Ormand

New York City, United States

ST

Simon Thomas Zachari

Göttingen Germany, Germany

Christopher Hey

Sudbury, Canada

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