Judy Mburu

Nairobi Utawala/githunguri, Kenya

100% repaid

Entrepreneur

Name

Judy Mburu

Member since

October 2012

On-time repayments

321 installments  •  56%

About Me

My name are Judy Waruguru Mburu. I am a permanent resident of Utawala -ruai, Iam married to Mathew Kamau and we are blessed with two children. I finished my o level in 2004. In the year 2005 i joined EPZ as a clerk. I worked there upto the year 2009 when we were retrenched by the management. I decided to venture into business of selling new and second hand clothes. Later as the business grew i stocked rubber shoes and slippers. The earning that i get i plough it back to the business and the rest is used to support the daily expenses of a house hold

My name are Judy Waruguru Mburu. I am a permanent resident of Utawala -ruai, Iam married to Mathew Kamau and we are blessed with two children. I finished my o level in 2004. In the year 2005 i joined EPZ as a clerk. I worked there upto the year 2009 when we were retrenched by the management. I decided to venture into business of selling new and second hand clothes. Later as the business grew i stocked rubber shoes and slippers. The earning that i get i plough it back to the business and the rest is used to support the daily expenses of a house hold

My Business

My business deals with the new clothes, second hand clothes, rubber shoes and slippers. There is demand for this goods especially the second hand clothes due to the government regulation of the cotton industry. The demand is also due to the competitive price i sell them to the customers. Customers prefers my business because of the ideal location of the business. They prefer my business because of the polite and courteous way i interact with them. The business is profitable because am able to add stocks and i can see it grow each and every month. The risk that i face is that to theft and bulgary though we have joined with my neighbours and we have managed to employ two watchmen who keep watch at night.
My monthly cost of sales isKsh 70,000.00
Monthly revenue Ksh 100,000.00
Transport cost and other expenses Ksh 8000.000
Rent Ksh 2000.00
Electricity bills Ksh 500.00
Total expenses ksh 10500.00
My montly net profit Ksh 19,500.00

Loan Proposal

The loan will be used to expand business further by buying men's shirts, trousers, socks, inner wears, buying ladies dresses, handbags, tops, inner wears, ladies trousers and also buying kids clothes. It will also be used for buying shoes and slippers for both men's and ladies. Since i also operate Mpesa agent business, i would like to use a share of the money to add to the Mpesa business

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,347.24

Date disbursed

Nov 24, 2013

Repayment status

On Time

Projected term

14 months

Cost to entrepreneur

Lender interest: $1,347.24 at 4.46% annual rate over 14 months = $71.94

Service fee: $56.26

Lenders

T

Tmann

Los Angeles, United States

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

C

chkuo

Taipei, Taiwan

tycho

Madison, WI, United States

Umair Mahmood

Raleigh, United States

Kjartan

Oslo, Norway

G

guenter

Bremen, Germany

J

jgrauel

Zurich, Switzerland

F

fisaire

Ithaca, United States

B

bgj21

Cambridge, United Kingdom

Namaste250

Pittsford, United States

juliemartha

Lake Mary, United States

S

Simbaz

Torino, Italy

basicus

Cairo, Egypt

bycyt

Whitefish, United States

joaoferraz

RINCHOA, Portugal

T

TVandenbosch

Brussels, Belgium

C

CTAustralia

Caboolture South, Australia

Inspire

Calgary, Canada

Sarasota

Sarasota, Fl, United States

A

alexanderdowns

mayfield heights, United States

V

Volpone

Geneva, Switzerland

C

CZC

Lake Zurich, United States

M

MartinC

Weston-super-Mare, United Kingdom

T

TodaRaba

Tacoma, United States

ibc123

Seattle, United States

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