Name
Mactilda
Member since
June 2015
On-time repayments
81 installments • 12%
I grew up in a small rural village where i first saw tv at the age of 14 and it was so scary.Nowadays i laugh.We grew up with a father and mother who tried hard to feed our big family of 13 children.I attended primary school and later tried joining secondary school but stopped at Form 2.I started farming,planting maize and potatoes until i saved and started my shop.I am now a trader who owns a small shop and have been a farmer for 8 years,the farming helped me open my shop and i am now planning to open another shop.I married a good man who helps me achieve my goals and as i sell he goes out to sell charcoal and brings the profit into the shop.
I have a shop in which i sell small juices,salt,sugar,tea leaves,soda and other amenities used in homesteads around by local people.I pay 20$ for rent and have a stock of around 150$.This shop gains me approximately 30$ per month in profit which i use to pay our childrens fees and which me and my husband use to feed ourselves too.I enjoy my work as my profit depends on my efforts.
My first loan helped me to boost my shop and now i have managed to acquire land for farming and want to plant maize in it,i need 10 bags of maize (each bag costs 3,200kshs or 32$) and 5 bags of fertilizer worth 20$ .
I will buy soda for 13$, sweets and cakes for 10$ and maize flour for 30$.I will also buy cocoa and chocolate beverage powder for 5$ each and then but the regular tea leaves for 8$. I will also buy and stock regular sandals which i can get in bulk for 30$.
I will be able to increase my sales and profits to 30$ per two weeks as i engage in the sale of more goods. I will also be able to hire a young man,my nephew,who has always worked for me in supplying my neighbors but has done so in exchange for food. I can now pay him if i realize this increase in stock and increase in earnings and he will be able to afford renting his own place.
Positive
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Neutral
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Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 13, 2015
Repayment status
On Time
Projected term
11 months
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