Entrepreneur
Name
Ruth
Member since
February 2015
On-time repayments
57 installments • 28%
About Me
About me.Hallo.Im called Ruth Kwamboka.I was born in 1989 we are eight in our family,and im the last born.I was born in kisii district but im married in Nyamira district.The name kwamboka it means that my mother was crossing the road,then i was born beside the road.Nyamira is an highland area the most crop which is growing are tea leaves and banana.most familys are farmers,i started my education at mochengo primary school and joined mochengo secondary school.After completing i continued to Eldoret school of business management.There before i said im married with two children the first one in class two want to be ateacher.My interest in business started after finishing my collage i stayed at home without job,i told my mother to sell one cow so that i can get acapital to start the business.I started selling second handcloths.
My Business
My business.I sell second handcloths most of them are for ladies.I have been in the business for one year,i sell my cloths to the people around the village some of them are poor so they go for cheap cloths.the cloths are cheap so the demand is high you get acloth with 2dollars.I choose this business because it was cheap to start and also they dont need more space.I sell beside the road i only pay for licence which is 20 dollars per year i also pay store man 5 dollars per month.my profit is 250 dollar per month i buy food for my family it cost 40dollars per month i also pay school fees for my child 10 dollars per month.Im planning to expand my business to other towns and employ more youths who dont have jobs
Loan Proposal
Loan proposal.most of ladys cloths are cheap and they also like going forcheap ones.i go for the best from different sellers,one cloth marked price is 1 dollar that one i sell it 2 or2.5 dollars.That i aim to buy 200pieces of cloths which will cost 80 dollars and the remaining money will go for my expences.I will make aprofit of 160dollars.i will use 40 dollars to buy food for my family,5dollars to pay store man where i keep my cloths and pay 10 dollars for licence.I will be able to pay my loan from the sale of the cloths.Thanks
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Apr 27, 2015
Repayment status
On Time
Projected term
2 months
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