Raising money to purchase more decorders for sale in my shop

Norah

Bomet, Kenya

76% repaid

Entrepreneur

Name

Norah

Member since

February 2015

On-time repayments

145 installments  •  28%

About Me

MY CHILDHOOD AND EDUCATION
i was born and brouht up in bomet county a village call kapsimbiri. i went to kapsimbiri primary school and later on st.marys gilrs high school in bomet. later on after on highschool i went to kenya institute of mass communication whereby i got a diploma in journalism and mass communication.
HOW I OVERCAME CHALLENGES
while growing up i was always having a dream of becoming a very competent laywey or a journalist. however this dream and ambition came with it's fair share of challenges. many people discouraged me that i was not going to make it that far. a few people in myvillage who had a chance to go beyond high school manage to become teachers after going teachers training colleges. my resilence and determination have seen me achieve the best thing that i have always yearned to be.
HOW I STARTED MY BUSINESS
Well after highschool, i could not secure a job immediately, therefore i began wandering around and going from office to office and almost all media houses. securing anternship was a hard task hence getting a job proved even more futile. i decided to d manual jobs. i became a waiter restaurant working for more than fifteen hours a day. after about six months i had saved about 200 US dollars. that helped me start an mpesa shop.
UNIQUENESS OF OUR LAND
our land is unique in many ways. we rear many farm animals, from cows, sheep, goats and even pigs. people from our land are kind, friendly and always there to help. we got milk and also many athletes comes from our place.
DREAMS OF OUR CHILDREN
Our children are motivated by many factors including those who have made it in education and many fields of life. they always want to be lawyers, journalists and doctors.
MY HOBBY
I love being with interesting people, reading novels and watching movies are best hobbies

My Business

GOODS ANDS SERVICES
I offer a number of services from money transfer, simcard replacements, sale of airtimes and digital decorders.
WHY MY SERVICES ARE IN DEMAND many people
My services are in great demand, money tranfer is one business that many people are running to. people are making money transaction daily. sim replacement also brings in many peole who want to have their simcards replaced for communication. with digital decorders many peole are now migrating froom analog transmission to digital transmission. therefore this is a good business which calls for more investment in to it.
WHY I CHOSE THIS BUSINESS
I chose this business as my niche due to it's returns and the profit it gives.
TYPICAL COSTS AND REVENUE
i always have to spend up to 1000 dollars in buying my stock and also ensuring that my mpesa float is always up to date.i also pay rent for my business premise and also pay electricity bills. this always cost up to a total of 200 dollars a month.
HOW I USE MY PROFIT
i normaly use my profit to pay rent, buy more goods for my stock and also help my siblings pay school fees.

Loan Proposal

I am planning to purchase more decorders to increase the number that i currently have.
I also want to purchase decoders from other channels zuku,dstv, startimes and others.
each of this will cost at least 50dollars and i plan to purchase 10 more. The money i will receive from zidisha will enable me add to what i have and so my business will efectively work.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$192.00

Date disbursed

Sep 9, 2015

Repayment status

Late

Projected term

29 months

Other loans

Lenders

PG

Paul Graham

United States

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  • shena    Jun 11, 2017

    Hi Norah, we have not had an update recently. Is there a problem that has caused you to stop making payments?

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  • Norah    Aug 3, 2016

    I having some dificulties with my business. Hence i would like to start paying the least i can affort. How However i will soon start paying what i have always been paying.

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  • Norah    Sep 4, 2015

    hi lenders
    i am currently planning to increase the number decoders and tv boosters in my shop. this should cost me not mopre than 50 dollars each.
    this increase will see me increase my sale and also increase the amount of my mpesa float
    so happy that my first loan was succesfull in helping me increase my mpesa float.

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