Aisha Garafa

Meet Aisha

Mrs. Aisha is a 38 years old married woman with a child. She is a secondary school certificate holder who plies her trade in the Mile12 area of Lagos. Her trade is the making of Zobo drinks and Plantain/Potato Chips which she makes herself for sale.

Prior to the S.I.M.B.I training, Aisha was a trader with no inclination as to how money works. For her, it was okay that she had a business and was earning some money daily. Prior to the training, she had never attended a financial training before and here are some of the lessons Aisha learnt from the just concluded training sessions:

  1. 1. The role of paying one’s self salary from a business
  2. 2. The difference between income and profit
  3. 3. How budgeting could help structure her business and finances
  4. 4. Learning what overhead costs are and how to properly account for them – carriage inwards, gas, utilities, packaging etc.
  5. 5. The health challenges and prevention of female related diseases
  6. 6. Insurance and how it can benefit small businesses

Impact of the Seed Grant

Aisha did share the following as the benefits accrued from being a beneficiary of the Seed Grant:

  1. 1. Expanded her business to purchasing more quantity of raw materials – zobo leaves and other ingredients needed
  2. 2. Added a complementary product to her line of existing products - Soya Milk and stocking up on Millet to be able to meet orders
  3. 3. Was able to initiate her Emergency Fund from the Seed Grant and hopes to continue to save into the fund.