Entrepreneur
Name
Jacinta
Member since
July 2014
On-time repayments
312 installments • 25%
About Me
My name is Jacinta Nyagititu. Born and went to school in Kiambu County. I come from a family of 5 where I am the last born. We were born twins but sadly my twin sister passed on at an early age. I am a mother of two girls. I did my primary and secondary education then went to Mombasa to stay with my sister. While in Mombasa, I did a course in computer applications and hair dressing later started my own business.
I got married shortly thereafter but unfortunately my marriage didn't work. My husband was very abusive and we separated after two years of marriage. I had closed my business when I got married so that I take care of the family. It proved very difficult to revive the business after the separation due to emotional stress and lack of capital.
I decided to go back home to my parents and start re-building my life from there. Luckily, my mother accepted me back to her home and she helped me start a small kiosk from where I sell household items such as sugar, cooking oil etc. I am planning to start livestock keeping by buying one cow so as to supplement my income because the demands from my family keep increasing.
My Business
As stated above I run a kiosk where I sell small household items. I have erected the kiosk in our compound and which is a big advantage since I don't pay rent. I buy my items from wholesalers and then sell them as a retailer.
I make a modest profit of about $100 per month and I use this money for my children's education and other basic needs. However, as my family grows (I also support my aging mother) I need more income than what I am getting.
My parents own a piece of land which I feel if well utilized can be more productive and even support livestock keeping. My immediate plan is buy a mature in-calf cow. This will guarantee me a regular income after some few months which will go a long way in changing my family's life.
I have decided to settle here in the rural area since I found urban life to be too hectic.
Loan Proposal
Ever since I bought my first cow, I have come to appreciate the immense value of the animal. It has provided a steady flow of income due to sale of milk in the neighborhood. Besides, it has provided a good source for manure which I use to grow crops in my small piece of land.
This success can be enhanced by acquiring a second cow so that I can continue selling milk when I stop milking the first one. The purpose of this loan is help me acquire a second better quality cow. This will further improve my income and support my young family in a big way.
A mature cow of the quality I need will cost $340 and this loan and my savings will be enough to accomplish my plan. Thank you for reading my proposal and kingly consider lending me.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$299.00
Date disbursed
Aug 5, 2015
Repayment status
On Time
Projected term
57 months
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