Selling of african attires and ladies shoes

Mariam Baya

Mombasa - Bombolulu, Kenya

100% repaid

Entrepreneur

Name

Mariam Baya

Member since

December 2014

On-time repayments

156 installments  •  53%

About Me

My name is Mariam Baya. I am married with four children namely Eddy, Dennis, Grace and Junior. I live with my family in Bombolulu estate which is a few minutes drive from Mombasa Town on your way to Kilifi/Malindi. My two sons, Eddy and Dennis are in college. My third born - Grace will be going to Form Three next year, while Junior is in nursery School.
My husband works in Kilifi with a Regional Development Agency and comes home over the weekends. He is very loving, caring and a hard worker. Grace would like to be a Journalist when she finishes school while Junior would like to be a Doctor.

My Business

Hi zidisha , i hope your doing fine, am really thankfull for your assistance, it did make a huge difference. God bless you all. This time around i realy want to expand my business and start buying charcoal for the purpose of selling in retail. Buying and selling of charcoal is a nice business and its profitable and it can sustain my day to day needs, and i would be selling in my neighborhood. Charcoal is in high demand due to the fact that alot of people around my place cannot afford advanced cooking methods like electric cookers or cooking gas. This charcoal that am intending to buy and sell, will cost 800 kshs per sack, and i can choose to sell in large scale or in small quantinties for home use, of which either way al make a profit of 500 kshs per sack. For example if i buy 1 sack and sell it whole, al sell it at 1300 kshs, which i will get 500 kshs of profit, so if i buy 10 sacks which will cost around 9000 kshs due to transportation and some other costs, after i sell all ten i can make around 4000 kshs , and that will take a period of 5 to 7 days. If you will assist me i will use the profits to help paying school fees for children and also continue expanding my business even further.

Loan Proposal

When I get this second loan, I am going to use it for increasing my stock by buying printed materials of african attires and ladies shoes. The african attires cost Kshs.1,700/= a piece and sell for Kshs.2,500/= a piece. The ladies shoes cost Kshs.800/= and sell at Kshs.1,500/= a pair. For instance if I purchase 10 pcs at Kshs.17,000/= and sell at Kshs.2,500/= each, I will get Kshs.25,000/=. If I purchase 10 pairs of ladies shoes at Kshs.8,000/= and sell at Kshs.1,500/= I will get Kshs. 15,000/= The profit from the attires and shoes is 15,000/= After deducting food, accomodation and busfare, I remain with Kshs.10,000/= for use in home improvement and also helping my mother.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$198.24

Date disbursed

Apr 29, 2015

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $7.41

Lenders

M

marcelitohb

Bremen, Germany

N

Neveda

Flagstaff, United States

Paul Buchheit

Mountain View, United States

Jansa

Oulu, Finland

MW

Matt Willis

United States

Mark Thumpston

Solihull, UK, United Kingdom

Bank of Sofie

Drammen, Norway

Ask Mariam a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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