Name
Magdaline
Member since
February 2013
On-time repayments
4 installments • 25%
My Names are Magdaline Nyawira Nganga, i live in Lanet-Umoja estate, Nakuru County Kenya, i am married and have four children who are in school . I studied at Molo secondary school and got a mean grade of C+, i went to college to study IT(information technology) in order to equip my self from the current technology. I run a cereal business in Nakuru town which I opened in 2007 which has been supporting me, i started that business in order to improve the economy of the country and get funds to educate my children.
The business deals with selling of cereals products, the reason why i chose cereals is because of its high demand in Nakuru town .The place is near the market and the place is at the center of Nakuru town where there s a variety of activities hence more customers to get them and also its near the milling corporation . The challenges I encounter are when drying the cereals.
(i) When it rains am forced to go back to square one of drying the cereals again and yet the it is being waited at the market this makes me loose few customers.
(ii) The fluctuation of price in market, some times am force to sell the product at a lower price because of the abundant supplies.
Thank you so much all the Zidisha Microfinance for the loan activation.The loan will be used to stock more cereals products i.e(dry maize,beans,peas,groundnuts,rice),since we are almost approaching
on the festive season.I will make sure that i will be making my monthly installments without fail and on time.I welcome all the bidders to fund my loan.Thank you in advance.Welcome.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Sep 4, 2013
Repayment status
Late
Projected term
4 months
Ask Magdaline a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.