Name
Abigael
Member since
June 2013
On-time repayments
42 installments • 40%
My names are Abigael Birine M Nyachwaya , I am a married woman with one husband Vincent Momanyi. we have 4 children and 3 are in school in a private school. I was born Kisii South District, Gucha In Kisii Town. I am business woman selling secondhand clothing's (Mitumba) situated at Kisii daraja Mbili market opposite Kisii Industrial Area in Kisii county. I completed my College Level in Egerton University in 2003 as Secretary, thereafter I joined Kenya Education Partnership (NGO) from UK and worked for 8 years although the payment was less. Year 2010 I started my own business of Selling clothes and designs in the year 2010. This is the year my husband got road accident and broke both his legs, and forehead and he stayed in hospital for long till 2011 and my business had to sustain the family although I had to use even my stock, so later my husband came home from hospital and I had to feed him and the kids till he started to gain his health with crutches. in 2012 I resumed my business again but with a few stock as I still cannot manage to get the full bales of clothing's.
My Business is located in Kisii County at Dara Mbili Market, Monday and Thursdays. I also prefer to do my business moving office to office in government offices during weekdays when not a market days, and also house to house where my customers are located. The business is profitable and that is why I want to increase my stock so that my customers can have a variety to choose to buy.
In My business I sell ladies and kids clothing's which are quick selling as men's clothing's are not that much marketable since man's don't purchase clothing's all the time as women and kids.
The risks to the business are their when you sell a clothing on credit whether be house to house or office to office, this due when you customer who you sold cloth on credit goes fro transfer or leave and sometimes other run away without paying or others refuse to pay the agreed amount during the credit note sell.
I am intending to get a new inventory of second hand clothing for one bales probably next week when my loan is fully funded,
My budget proposal is as follows
1 BALE OF JACKETS @ 9,500
TRANSPORT @ 2,000
Miscellaneous 1000
Total Budget KES 12,500
Total in USD Dollars 139.039
Positive
3
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$95.00
Date disbursed
Mar 2, 2015
Repayment status
Late
Projected term
4 months
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