14 installments • 57%
I'm married and I have got one wife.We live in a nuclear family;my wife three children and myself.Among the children one is a girl and the two are boys.The firstborn is in standard one,the second-born is in KG 2 the last-born is still breastfeeding he is yet to join the school.I live in mtwapa in mombasa kenya in mikanjuni village. when from the main road of mtwapa just at Mutawa petrol station just take a boda boda and tell the driver to take you to Nikaniki village at kwa mwanyae home village the boda driver will drive you to this home . village. it is a home which is well known and this is where i live .My business is shopkeeping. I running a shop within the area that I live.in. I'm a class eight leaver.I started this business so as to earn a leaving and to improve my life.The things that I purchase with the earnings from my business are:bales of maize and wheatmeal,cartons of soaps,sugar,medicine,handkerchiefs,biscuits,sweets etc Also buy house utensils,basins,pencils,pens,books,rubbers,school uniforms etc.
My business is shopkeeping.I have been operating the shop for four years now.It started at a low tune as I had no enough capital.Later after joining Marriango self help group expanded my kiosk to a big retail shop My business provides the selling of goods such as:wheatmeal,cartons of soaps,sugar,medicine,handkerchiefs,biscuits,sweets etc Also buy house utensils,basins,pencils,pens,books,rubbers,school uniforms etc.There is high demand for these goods in that people need to buy their items at a fare price and in large large quantity such that they don't have to move from one place to another to search for the same items.My customers prefer to my business in that Im a faithfull shopkeeper and that Im good at accounting hence this have made me attract and retain them.The business is profitable in that I make a bigger sale for bigger profit in a short given time.The risks my business faces are lack of transport and untestable prices exchange.My monthly income is ksh:34000 and my monthly expenditure is ksh:24000.My monthly profit is ksh:10000 of which I can repay my loan given by Zidisha very comfortably.
Thank you so much for accepting my loan application. With this loan i want to boost my business by adding more stock to my business so with this amount i want to also renovate my shop so that it looks attractive. so it will be like a new shop and this will attract more customers as they will also get what ever they want.
Feb 17, 2013
Cost to entrepreneur
Lender interest: $500.90 at 4.56% annual rate over 14 months = $28.23
Service fee: $22.11