MEET MARGRET: From Self-Doubt to Self-Agency


MEET MARGRET: From Self-Doubt to Self-Agency

Margret is a cheerful 57-year-old woman with a charismatic personality. Raising three grandchildren and two orphans hasn’t been an easy task for her given that she had no regular income. Margret has mainly depended on subsistence farming to care for her family. 

When Margret heard her neighbor talk about Street Business School and that it was registering women to teach them how to start and grow businesses, Margret gladly registered. 

Margret had constructed a small wooden kiosk in her compound and abandoned it. “I had no idea what to use it for, because I thought I needed a lot of capital to start a business,” she shared. While attending the SBS training, Margret found the lesson on starting small and finding capital very useful, and she put the kiosk she had abandoned to use.  

When her relative gave her tomatoes, she displayed them in her kiosk and sold them for a profit that she used to buy groundnuts. She then sold the groundnuts for a profit and bought cassava flour, one of the ingredients she uses to make pancakes for sale.  

“I gradually grew my small business. What caused the growth wasn’t because I was getting any new capital, but that I reinvested every bit of profit I received,” Margret confided.  

With the next school term about to open, Margret realized that the savings from her kiosk would not be enough to cover all requirements needed at school. She needed a more lucrative business that would bring more savings, so Margret sold all items in her kiosk for a total of $81.49. She then started a brick-making business with soil dug from two anthills in her garden. She used the profits from her kiosk to buy extra soil and hire an employee to help make the bricks. Margret reduces her business expenditure by spreading the bricks in the sun to dry all by herself. She has so far accumulated 10,000 bricks which she hopes to sell for a profit of $342.   

With this expected income, Margret will be able to pay her grandchildren’s school fees next term and construct a bigger permanent kiosk. 

Margret is very thankful to Street Business School for helping her realize her potential. “I didn’t know how to do business and was sleepwalking through life. But my Street Business School coaches woke me up!” said Margret.  

No Comments

Post a Comment