Entrepreneur
Name
Maureen
Member since
April 2015
On-time repayments
232 installments • 46%
About Me
I was born and grew up in Siaya County where i was able to attain both my primary and secondary school education. In 2007 i went to the capital city(Nairobi-Kenya) for college studies. Being that i came from poor family, i was forced to rethink of other sources of finance to facilitate my basic needs. I searched for part time employment but in vain. Its at this moment that i decided to engage in an income generating activity. Because of inadequacy of funds, my studies came to a halt. This is when i decided to venture in beauty industry which progressed well until the post election violence which resulted to my business being burnt down. I thereafter decided to go back home(Siaya) where i have started up beauty shop again(Kinyozi&Salon) . Currently I'm a single mother of two and entirely depends on my business as a source of income. Above all im a born again child of God who fully believes in Him and serves in our church(Living faith International a.k.a Winners Chapel-Siaya Kenya)
My Business
Initially i had a beauty shop where i sold beauty products to college students. However because of the fist loan i received from Zidisha, i've seen my business grow hence have ventured into a retail shop. In the 3years time, i see my retail shop to a wholesale. So currently, i ran two shop within the same location.
In my shopi sell household items such as sugar, cooking oil, flour, airtime, seats for hire e.t.c. The goods i sell are of demand since they are used in day to day's basis. I chose on this business mainly because of the demand for the commodities around this place yet people walk a far distance to find a shop. The population here is also high being that there are two colleges, a hospital and residential houses being constructed around.
Typically, my costs are kshs.25,000(rent 15,000, electricity 5000, security 3000 miscellaneous 2000)per month and my revenue is at kshs.approximately 50,000/=. I use my profits to pay my house rent, clothing, food, school fees for my two children, and my brother who is in high school,electricity bills, water bills, expansion of the business, and support my mother who is widowed and also at times to take my children out for their picnics.
Loan Proposal
I m planning to buy a photocopy machine worth 500 dollars. That means i will add some money to the money given. It will make me have more customers within my shop. I opt for this due to the demand by students wanting the photocopy services in the area following two colleges around. To me it will increase my income. To others mostly the students, they will be able to access the services almost at the door step saving much time for their studies. I expect a increase of 50 dollars per month from this
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Loan Info
Project Type
Classic Loan
Disbursed amount
$361.00
Date disbursed
Feb 25, 2016
Repayment status
On Time
Projected term
9 months
Other loans
Lenders
I want my "My loans" page back, Qatar
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