286 installments • 94%
I am a Kenyan citizen. After completing my high school education, I volunteered to work in a nursery school that was in my village. While teaching there, I realized there was fulfillment in teaching young children and so i later enrolled in a teacher training college.I am now a teacher by profession teaching in a Kenyan school. I enjoy my work immensely since each new day I learn from my students and they also learn from me as well.It is a fulfilling opportunity for me since i also get to interact with young innocent children who are so much fun to be around! I enjoy the outdoors so much and when i am free i take nature walks mostly with my learners.Reading books also inspires me a lot so i always set some time for that each day.
I have an established shop that sells second hand children's clothing. As we know, children are always growing and the demand for their clothes is always there. My business is doing great as i am able to cloth children from low income households and even middle income homes who cannot afford to buy new clothes from shops. Thanks to the first loan i got from Zidisha, I have been able to increase my stock and also expand my business. I am back again for another loan. The Zidisha community has really helped me, and I could never be more greatful. With the loan of Ksh 103,985, I intend to add an equity bank counter. I will use $800 as my equity bank float, add $24 as my Mpesa float. With the income I get, I intend to increase my second hand shop cloths and comfortably pay my son's school fees.
With the loan of USD 255, I will receive USD 81 from zidisha. USD 174 will be used as a one time Zidisha members loan fund deposit. I will use USD 70 to buy more mitumba (second hand baby cloth)bales. This will enable me to sell the clothes at a much lower rate than my competitors since i will have bought them in wholesale prices. This will increase my sales by over 80% and i expect to make better sales since its now in the cold season in Nairobi. Parents will be able to get cheaper clothes for their children and save so much on their budget. The remaining USD 11 will be used to buy an umbrella for covering my stall where i will be displaying my clothes for sale.
May 13, 2016
Cost to entrepreneur
Service fee: $10.38
Lillian opted to pay $141.18 into the Zidisha Members Loan Fund in return for a higher starting credit limit.