Entrepreneur
Name
Simeon
Member since
April 2013
On-time repayments
62 installments • 60%
About Me
I am 36 years old, married and blessed with 2 children. I have a five year old daughter called Abigael and I am holding my young son James in my profile photo. I successfully completed my secondary education and later did training in phone repair. I later started an electronic business which deals with selling & repair of phones but I have now closed this business to work with my wife in a general store. With the profit from the store we support ourselves and our children and we try to assist our younger siblings with high school fees.
My Business
My wife Shillah and I are working in a general store in Githurai Progressive in Nairobi. We sell basic food items like eggs, flour, sugar,milk,washing powder, bread toilet paper and mobile phone air time. As Shillah is a trained tailor she also runs a tailoring business at the store by repairing and making clothes. We also offer phone charging service for people who do not have electricity in there houses. We also offer Mpesa mobile phone money transfer service. The different parts of the business work well together. For example, customers sometimes withdraw money using Mpesa and then spend that money on items in our store. Our monthly profit is about 13,500 shillings each month (US$ 150). Sometimes I also assist a friend in his electronics store and I usually earn around 5,000 shillings each month ($60) from this.
I greatly thank Zidisha for the just concluded loan that has now increased our income by ksh 2500 shillings each month ($30)
Loan Proposal
I wish to spend the 8021 shillings to buying 5 dozens of 96page exercise books @ 210 shillings per dozen to sale at 250 shillings each. 5 dozens of 120page exercise books at the cost of 240 shillings per dozen to sale at 280 shillings each. 5 dozens of 200page exercise books at the cost of 280 shillings per dozen to sale at 320 shillings each. Total 3650 . 12 geometrical set at the cost of 120 shillings per set total 1440 to sale at 150 shilling each, 5 packets of HB pencil pencils at the cost of 140 shillings per packet total 700 to sale at 200 shillings each, 3 packets of ink pens one blue one black and one red at the cost 350 shillings each total 1050 to sale at 500 shillings each, a packet of pencil and ink rubber at the cost 250 shillings to sale at 300 shillings, 2 dozens of underlining rulers at the cost of 240 shillings per dozen total 480 to sale at 300 shillings each. A carton of book covers at the cost of 450 shillings to sale at 500 shillings.
I hope to make this as weekly sales turnovers to make the most of the first two months of the year that this business is most effective. that is January and February. Many thanks in advance for this most needed support. Love you all.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$90.00
Date disbursed
Dec 26, 2014
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Duisburg, Germany
United Kingdom
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