81 installments • 25%
I am married with 2 childrens ,only one in primary school. I live in Jogoo about 2 kilometer from Elementaita tranding center along Nakuru-Kiptangwanyi roadI live in plot number 99 but I operate my business in Jogoo trading center. My occupation is selling of cosmetic, also I am also a member of Bidii self help group, I have completed my p1 certificate after completing my high school education which realy helped me so much when i had no my own bissiness. i am born again christian and a follow of st. peter catholic church kipctagwwanyi which is our main church at this area
My business is a boutique.
My business a boutique. They is a lot of demand of the product such as cloths and shoes for human life, because cloth is a basic need, and also so many people here rely on the product such as gumboot during the rainy season and saddles during the dry season.
In jogoo center there is few boutique thus I my able to catch more customer. The business will be profitable because the product I will get from our nearby town (Nakuru) and the mean of transport is good also the product can not expire and I will sell the quality product at favorable cost . The risk facing the business is poor road during the rainy season which hinders the transportation from the wholesaler to my business.My typical monthly cost is khs 70000, sale revenue is around ksh 35000 and profit is above 15000 but I am planning to earning more.
Thankyou zidisha for your continuing support,with this loan i wish to use about Ksh80000 in maintaining my one acre piece of land which i have already planted onions,this is by employing more labour when watering the onion, i will also buy more chemicals. i also wish to use the rest of the money to buy a threshing machine which most farmers are using especially at this harvesting time,with this i wil be able to pay the loan on time
Oct 20, 2013
Cost to entrepreneur
Lender interest: $2,038.92 at 10.02% annual rate over 74 months = $1,264.95
Service fee: $445.57