To add stocks to be able to sell in wholesale

Lucy Njoki

Gilgil Town, Kenya

100% repaid

Entrepreneur

Name

Lucy Njoki

Member since

September 2013

On-time repayments

68 installments  •  88%

About Me

my name is lucy wachera njoki,njoki is my mother name as i was raise by single parent who was very serious in her children education as she knows ,only education is the only thing that will enable her children to develop in life.i was born third of a family of seven children,so after completing my education in form four , i was employed by a neighbor who was having an mpesa stall in our village.after about two year i was able to join a local lending group which was only for woman in the area and after a shot while i talk to my mum about starting my own business,and because the only business i was understanding well is this mpesa,my mother add me some cash from his business and look for me a better place where i can open the business and also help me to get business permit.i started the business in 2009 till then i have been doing this business which because of good relationship with people it is profitable.now i am planing to open another business that why i need the support from this organization.if i will be granted this loan i will open another one which will be running by my younger sister.

My Business

my name is lucy wachera njoki,i am an mpesa agent in gilgil town,in this business is where i get my daily bread for me and my son who is 6 year,also in my shop i sell soft drinks because sometime people wait for their money because sometime,network became low.my business is profitable because it is located in a secured place,also my profit is driven by my excellent service and good location. this make me to have many customers and because i am near the matatu stage where people who want to travel wait for the transportation.my monthly earning is 28,000,when i deduct my monthly cost which is 10,000 i remain with 18,000 which i deduct 8,00 because i help my mother in my brother education fees and also my kid,so i can save 10,000 every month,last month i was able to buy a plot not far from where i have this shop,so if thing go well i think i will build my house there for me.

Loan Proposal

Thank you lenders for your support . This loan you will give me I will use it to add more stock to my business especialy things I will be able to sell in wholesale because I only sell in retail . I will buy wines, spirit , soft-drinks, sweets, chewing-gums and mineral water. This stock will enable my business became bigger and more profitable enabling me to pay loan on time and also save for the future. Thank you once again Zidisha for giving me this opportunity.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$290.10

Date disbursed

Oct 27, 2014

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Lender interest: $290.10 at 9.73% annual rate over 8 months = $20.55

Service fee: $7.72

Lenders

J

JoeSolar

Virginia, United States

T

tkromm

Agia Paraskevi, Greece

Cricketca

San Jose, United States

joaoferraz

RINCHOA, Portugal

Patrick

Berlin, Germany

Tom44

Vancouver, Canada

W

wally

Torino, Italy

R

RickRozemuller

Groningen, Netherlands

mojobob

Hayward, United States

xtrahardware

Cazenovia, United States

T

thebonseung

Republic of Korea

trincowski

Vilar, Vila do Conde, Portugal

Mikers

Netherlands

H

Heath

United States

K

KiraDee

United States

SV

sven vdk

Twickenham, United Kingdom

MY

Moe Yoshioka

United States

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