Business: Retail Kiosk & Agribusiness.
Location: Casino, Molo.
Years in Operation: 11 Years.
Amount needed: $100.
Business people are among those bearing the brunt of the corona virus pandemic the world over and just like them, SMEs have been negatively affected in the country, with seemingly never ending cash flow issues. Moto Hope Micro Lending’s greater percentage of beneficiaries are SME owners struggling to stay in business. Eileen Nyamoita is one such entrepreneur, who for the last eleven years, has run a retail kiosk in Molo’s Casino area. She stocks fast moving goods to the residents of Casino who love to purchase from her kiosk especially due to its proximity and the fact that she stocks what the customers demand most.
Besides the kiosk, Eileen is also a small scale farmer growing Irish potatoes, cabbages and maize for sale and her own family’s consumption. She and her husband also own two dairy cows whose milk they sell to buyers neighboring their home. Schools have been closed since March due to the covid-19 pandemic and her two school going children, who are both in high school are now home and helping her both at the kiosk and the farm. She has now put more attention on the farm for the weather is favorable and the cost of production has also reduced since some of the labour is from her own family;husband and children.
She is seeking $300 from Moto Hope Micro Lending to split it into two parts for both the kiosk as well as the farm. She will invest some of the money in fertilizer and good quality potato and cabbage seedlings. The rest of it will be used to purchase more stock for the kiosk. People are no longer keen on going all the way to town to shop as most would rather stay at home. Eileen’s shop being among the estates of rental units and homes is serving those in the neighborhood well albeit stocking in little quantities. Hence demand for the fast moving goods that she stocks has been on the rise and the loans will help her to meet it.