Selling clothing to pay my university tuition

Nancy

Makongeni, Kenya

100% repaid

Entrepreneur

Name

Nancy

Member since

November 2014

On-time repayments

210 installments  •  14%

About Me

I am a 28 years old Graduate of a Bachelors degree in Commerce. I am the first born in a family of three. I lost my father 12 years ago when I was just completing my high school and since then life has not been the same for my mother and my two brothers. One of my brothers who is the second born aged 25 years suffered from Downs syndrome when young schooled in a special needs institution. the reality in my country is that special needs schools are very expensive and all through my brother's journey has been financially and emotionally draining for my whole family ever since my father passed on.
As the first born I had to step up and it is this that has driven me to follow my passion by starting small business to make an extra penny to support the family. Being passionate about Fashion and Beauty, I started a small business that sells second hand ladies' clothing. I started out my business in 2014 where I spent majority of my time doing the sales whenever I was out of class so as to support myself at the University and also support my family.

My Business

First and foremost allow me to thank Zidisha community for believing in me and lending me finances to start my small hawking business. The journey has not been easy but I thank God for the far that I have come. I started off my business in 2014 while I was in campus by hawking and selling inner wears for the ladies part time while studying for my degree. My business originally was on the sale of ladies inner wears from 2014 to 2017.I used to sell outside my campus in a shade and at times I hawked within the university and this greatly reduced the operation costs since I did not pay any shop rent.
On average I made sales of up to 35 USD daily of which 20 USD is profit that is good enough to at least sustain me at school and also I save up to held my mother pay my fee.
Currently, from 2018 to date, I managed to expand my clothing business from ladies' inner wears to all kinds of ladies clothing from dresses, skirts, trousers and blouses. Additionally, I managed to rent a big shop space that can accommodate both the ladies clothing and ladies saloon. By doing so I was able to create employment to two ladies hairdressers paid based on commission who work in my shop while I sell ladies clothing.
My struggle now with the current economy is that am in need of a loan to finance stock of hair braids, hair accessories and also stocking of ladies clothing.
I believe this is the right platform to help me continue growing my dreams to not only better my life but also the lives of others around me by creating more job opportunities.

Loan Proposal

Due to the increase in demand, I now seek to venture in the sales of men inner wears including vests, panties and boxers. I am also looking to expand the business by opening up another place to sell so that i can target a market at the neighboring university that I have identified. This will call for me to double my stock at the moment which is worth USD. 120 to a total of 250 USD.
For all the clothings that i buy in bulk, i anticipate to make a profit of at least 70% in the prevailing market price. However, with the festive times approaching, the spending of most people increases and so i want to be ready for that and can make a profit of up to 100% during the festive period. I also target to sell in the estates and around the towns since the University may be going on recess so i have to take the commodities to the clients. to achieve this I need an extra income for the capital. i hereby appeal to the Zidisha fraternity to assist me to finance this.

Feedback

3

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Nov 17, 2014

Repayment status

On Time

Projected term

2 months

Lenders

E

Emilie

Toronto, Canada

G

guenter

Bremen, Germany

handshake

Los Angeles, United States

eoinzeis

Australia

A

andrea

United States

Ask Nancy a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Nancy    Sep 4, 2023

    To enable smooth business operation while paying debt

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  • Nancy    Jul 5, 2022

    Kindly allow me to thank all of you,Zidisha community for believing in me and lending me finances to grow my clothing business. The journey has not been easy but I thank God for the far that I have come. I started off my business in 2014 while I was in campus by hawking and selling inner garments for the ladies part time while studying for my degree. My business originally was on the sale of ladies inner wears from 2014 to 2017.I used to sell outside my campus in a shade and at times I hawked within the university and this greatly reduced the operation costs since I did not pay any shop rent.
    Currently, from 2018 to date, I managed to expand my clothing business from ladies' inner garments to all kinds of ladies clothing from dresses, skirts, trousers and blouses. Additionally, I managed to rent a big shop space that can accommodate both the ladies clothing and ladies saloon. By doing so I was able to create employment to two ladies hairdressers paid based on commission who work in my shop while I sell ladies clothing.
    Thanks to this loan I will be able top up to my finances and buy one bale to stock ladies clothing.
    I believe this is the right platform to help me continue growing my dreams to not only better my life but also the lives of others around me by creating more job.
    Thank you once again.

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  • Nancy    Jul 1, 2022

    First and foremost allow me to thank Zidisha community for believing in me and lending me finances to start my small hawking business. The journey has not been easy but I thank God for the far that I have come. I started off my business in 2014 while I was in campus by hawking and selling inner wears for the ladies part time while studying for my degree. My business originally was on the sale of ladies inner wears from 2014 to 2017.I used to sell outside my campus in a shade and at times I hawked within the university and this greatly reduced the operation costs since I did not pay any shop rent.
    Currently, from 2018 to date, I managed to expand my clothing business from ladies' inner wears to all kinds of ladies clothing from dresses, skirts, trousers and blouses. Additionally, I managed to rent a big shop space that can accommodate both the ladies clothing and ladies saloon. By doing so I was able to create employment to two ladies hairdressers paid based on commission who work in my shop while I sell ladies clothing.
    My struggle now with the current economy is that am in need of a loan to finance stock of hair braids, hair accessories and also stocking of ladies clothing.
    I believe this is the right platform to help me continue growing my dreams to not only better my life but also the lives of others around me by creating more job opportunities.

    Log in to reply • Share
  • Nancy    Jul 1, 2022

    I also managed to iron and hang up clothes for my potential customers.They are well displayed and neat

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  • Nancy    Jul 1, 2022

    Nancy Omanwa Jul 1, 2022

    Today is a good day am attending to my customers.Last week was abit slow but this week business is picking up

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  • Nancy    Jul 1, 2022

    Currently in the shop attending to my loveely customers.

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  • Nancy    Oct 18, 2018

    I incurred loses in my business women clothing. Its only recently I am up on my feet.

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  • Nancy    Oct 18, 2018

    Dear lenders I apologise for the late payments. I admit its been a long while but my business experienced great losses. Its only recently that I'm back on my feet and things are looking up. I will now continuously make regular payments without fail. Thank you for your patience and sorry for any inconveniences.

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  • Frankline    Sep 23, 2017

    Dear lenders, I have talked to Nancy and she has informed me that she will be repaying soon. She has graduated recently and expects to have more financial stability to help her meet her financial obligations. Thank you for your patience.

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  • Oscar    Feb 4, 2016

    Dear Lender I called Nancy Yesterday she told Me her Business is Not Doing well thus Hinder her to Submit Her weekly loan payments but by Next Month she expect to Make her Payments.
    Thank you

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  • Oscar    Dec 29, 2015

    Dear Lender I Communicated With Nancy She Told me right Now she facing a lot of Challenges With Her Business but Promised to Update Her Loan payment before the week Ends.
    Thank you

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  • Oscar    Nov 20, 2015

    Dear Lenders Nancy Business Currently is Not Doing well but she Said she Will update her Account very Soon.
    Thank you

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  • Oscar    Oct 16, 2015

    Dear Lenders Nancy Fulfiled Her Promised and Made Her Payments to her Zidisha Account ,She Told Me By the End Of the Month She Will Make Some Payments.
    Thank you

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  • Oscar    Sep 10, 2015

    Nancy Promised to repay her Loan payments within the week
    thank you

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  • Oscar    Jul 9, 2015

    Dear Lenders,i comminicated last week to Nancy i can see she made some effort and updated her Zidisha account i hope everything will resume to normal and her business also.
    Thank you
    Oscar Alochi

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  • Oscar    Jun 1, 2015

    Nancy will update her account this week she has been going through a rough time with her business.
    Thank you

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  • Oscar    Apr 27, 2015

    Dear Lender Nancy promised to make her loan payments as soon as
    things work well with her Business.
    Thank you.

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  • Oscar    Mar 20, 2015

    Dear lenders i spoke to Nancy today and she promise to make her payments very soon,she has issues with her Business at the Moment thing are not working as she expected in terms of sale,
    Sale are too low compared to last year.

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