Purchase of cereal

Stacy Mugo

Eldoret, Kenya

99% paid forward

Entrepreneur

Name

Stacy Mugo

Member since

December 2015

On-time repayments

104 installments  •  39%

About Me

My name is Stacy Mugo and I come from Eldoret Kenya Est Africa.
I was was born in the year 1980 in Eldoret and I attended The schools as follows ,
From the year 1986 to the year 1993 at Kimalel Primary School.
and from the year 1994 to 1997 at wareng High School in Eldoret an in Uasin Gishu County of Rift Valley Province in the republic of Kenya.

After my high school studies I started a small business of grocery in the same town.
of which afterward I joined the college to study community development then latter Business management .
I started my own business from my own savings which am doing to date which is Posho mill (milling machine) and grocery.
The unique thing in my culture where am coming from is that Ladies are not considered when it comes to Education and property inheritance.
I am married with 4 kids ,Three girls and one boy, and one of them want to Engineer ,one Nurse , researcher, a Doctor.
My unique hobby is Singing Gospel music in my free time and Children.

My Business

I provide grinding flour fr customers and also selling cereals to them.
These goods and services are so important in that many Kenyans eats Ugali( Local bread) therefore this services are so much important in this region and more especially to my customers.
I chose this kind of Business because the place where I live there is demand for the same and because I was interested in serving the people in my local community.
My typical cost and revenue is 45000KES.

This is how I use my profit I get from my Business
1.School fees for my children 5000
2.Reinvestment in growing the business =10,000KES
3.Home improvement =10000KES
4.Church activities and others 5,000KES
5.house rent 5000
when given this loan amount i will be faithful in repaying the same.

Project Proposal

When granted the loan am planning on buying maize to add stock to my business.This has been so scarce here in Kenya.
I will buy 35 tins of maize at Ksh.150 which will add upto ksh.5,250.
Transportation cost of Ksh.200
I will sell @180 of which I will make profit of ksh 850 after all expenses.
This will boost my business.

Feedback

None

None

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Project Info

Project Type

Pay It Forward

Disbursed amount

$50.00

Date disbursed

Jun 27, 2022

Cost to entrepreneur

Service fee: $4.99

Backers

Francis Muigai

Thangari, Kenya

Abolaji Oluwatoyin

Ajase, Nigeria

Mowlid Noor

Migori, Kenya

Carolyne Chepkirui

Kakamega, Kenya

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  • Stacy Mugo    Jun 27, 2022

    Thank you very much members for funding my loan,am very much happy for your support.
    I Will be able to purchase mail for my shop.This will boost my business and add more profit to my business.
    May God you members and zidisha as a whole.Long live zidisha

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  • Carolyne Chepkirui    Jun 24, 2022

    hi hope this helps you to get fixed

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  • Stacy Mugo    Jul 9, 2020

    Hello my lenders,
    am very much happy for the process of loan application that I have just completed because the process is very fast and convenient.Am prepared to receive the loan and spend it wisely. Thanks in advance.

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  • Felix Wiyema    Aug 5, 2019

    Hi lenders I talked to Stacy she
    promised to remit her payment next week thanks

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  • Stacy Mugo    May 15, 2019

    Hallo my lenders,am greatful for the opportunity that I have had for financial breakthrough with Zidisha.I would like to reduce my repayment because my business for now is very low.I promise that when it picks up then I will pay my loan to the fullest.
    Long live Zidisha.

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  • Stacy Mugo    Mar 1, 2019

    I am in financial crisis in my business.it is my prayer and hope that my business will pick and be able to repay my loan.I thank Zidisha team for being patient with me.
    God bless Zidisha.

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  • Felix Wiyema    Feb 23, 2019

    Hi lenders I talked to Stacy she promised to remit her payment of before end of next week.

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  • Felix Wiyema    Feb 1, 2019

    Hi lenders I talked to stecy today she is promising to remit her dues by next week.

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  • Stacy Mugo    Nov 9, 2018

    Hi my lenders am still waiting for things to be better kindly bear with me.

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  • Stacy Mugo    Oct 25, 2018

    Hi lenders I have some financial crisis but am very positive things will be better very soon. Thank you for your patience with me.

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  • Felix Wiyema    Oct 19, 2018

    Hi lenders! I talked to Stecy she has some financial challenges but she is very positive and we agreed she reduce her weekly payment for the time being. Thanks in advance

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  • Stacy Mugo    Jan 17, 2018

    I wish to take this opportunity to pass my sincere gratitude for the financial assistance that you my lenders have given me and my business.
    Through this loan I will be able to increase my stock by buying more cereals for my business.I will be able to make more profit and continue repaying my loan on time.
    May our Heavenly Father richly bless you my lenders and continue having the same spirit.
    God bless zidisha,
    Long live Zidisha.

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  • Stacy Mugo    Dec 12, 2017

    Am greatful for the loan application that I have made because it will help my business improve and I will be able to pay the weekly instalments without a problem.I thank you my lender for this great financial opportunity.

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  • Stacy Mugo    Nov 3, 2017

    Am happy for my lender giving me yet another golden opportunity to boost my business.
    I received a loan of ksh.5,946 after a service fee deduction.with this loan I have been able to purchase two sacks of maize.this will improve my income and hence make more profit which will help me repay my loan.
    Long live zidisha
    God bless Zidisha.

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  • Stacy Mugo    Oct 26, 2017

    Am greatful and happy for my financial supporters.through this funds,I will be able to purchase two and ahalf bags of maize.
    My sales will increase hence make more profit.It is my prayer that I will stay honest in my repayment.

    God bless Zidisha.

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  • Stacy Mugo    Oct 26, 2017

    Am greatful and happy for my financial supporters.through this funds,I will be able to purchase two and ahalf bags of maize.
    My sales will increase hence make more profit.It is my prayer that I will stay honest in my repayment.

    God bless Zidisha.

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  • Adam Öhman    Oct 26, 2017

    Hi Stacy,
    good luck to you and your business!

    Cheers from Sweden!

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  • Amanda    Oct 24, 2017

    Hi Stacy! I hope that you reach your goals. Would you be able to tell me how old your milling equipment is, how much it cost when you bought it, and how you picked the equipment? Does it work well?

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  • Stacy Mugo    Oct 20, 2017

    Am greatful and happy for being funded by my lenders because I had an opportunity to but maize stock in my business.The funds have made a huge difference in my business because my clients never missed cereals whenever they needed.This has made me increase my profit.
    In our country today,we celebrate OUR HEROS .And for sure with sincere heart am proud to say that ZIDISHA TEAM are my HEROES.

    LONG LIVE ZIDISHA
    GOD BLESS.

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  • Stacy Mugo    Sep 5, 2016

    Hallo my lenders,am so so much happy for the loan I received on sunday,and today being a working day,I ran to the store to purchase maize for my shop.
    Now I have a better stock in my shop,hoping to make more profit after the sales.
    For sure this is a new start in my business.I will keep informing u about my business updates.
    GOD BLESS MY LENDERS
    LONG LIVE ZIDISHA

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