Stock of eyeglasses and modern vision testing equipment

Pheobe

Bondo Town, Kenya

100% repaid

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Entrepreneur

Name

Pheobe

Member since

January 2014

On-time repayments

145 installments • 34%

About Me

I am a married woman with four children. I live in BONDO Town to the East of Migingo Open Air Market. I am learned up to Form Four {K.C.S.E} level. I was prompted to start my personal business because salary from employment was inadequate to
sustain the family and meet other financial obligations. I use the money earned from the business for paying school fees for my children, turning around the business and general maintenance of the family. I desire to improve and expand the business and hence i would be grateful if i am granted the loan to enable me improve and expand the business. I therefore
undertake to repay the loan without defaulting

My Business

I own a personal Eye Design Optician Shop in Bondo Town, Siaya County Kenya. My business handles eye glasses and other medical equipments such as Refraction sets which is used for diagnosing clients with eye problems.There is high demand for my goods and services because it is one of it's kind in the area. My customers prefer my business to the competition because of my good customer care service. I also deliver the services at affordable rate and faster.The risk my business faces is very minimal since my goods are not
perishable and the security arrangement against theft is tight.My monthly cost is approximately Ksh 35,000.00 and sales revenue is about Ksh 60,000.00 which leaves me a profit of Ksh.25,000.00 per month.If I AM GRANTED THE LOAN, I WILL INVEST IT to improve and expand the
business to enable repay the loan without defaulting.

Loan Proposal

If i get the loan, i will invest heavily in purchasing different types of eye glasses which are in high demand. i will also buy the new mordern Refraction Set which is capeble of
diagnosing many eye ailments and determing the type of glass to despense to a client.
This will creat my benefit by attracting more customers and put confidence and trust in them following the services i will be rendering to them. Others will also benefit from the most accurate service they will get from the modern machine and wide range of eye glasses.
With this kind of arrangement, i expect my profit to increase by at least 15%