A loan to buy a bale of children clothes

Cecilia Wangui

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Cecilia Wangui

Location

Mombasa, Kenya

On-time repayments

223 weekly installments  •  78%

About Me

My name is Cecilia Wangui - born in Central Kenya and later relocated to Mombasa city. I am the first born in a family of three siblings. My parents are small scale business people back home.

I went to primary and secondary school and later joined a college where I did a certificate course in business management. However, I did not secure a job and that is when I decided to start my own business selling wall hangings.

I am married with 2 kids. My husband is also a small scale business man who hawks hardware materials. I am a woman full of desire to succeed and I believe in hard work and being focused in life.

My Business

I started my second hand clothes business eight years ago. Later on, I decided to branch off to selling educational posters and school text books. This has proved to be a wise decision and I have since discarded selling of wall hangings to devote my energy and resources into this new venture.

My take home from this business currently ranges from USD 280 - USD 350 but I am hoping to improve on this figure once I boost my stock with credit from Zidisha. Ultimately, I would like to expand and supply on wholesale basis where customers will have a variety of products.

Loan Proposal

If I am successful in this loan bid, I will spend entire loan in buying a bale of children wear at $150. With this bale in place, I am sure that I will increase my sales volumes and income by about 50% or in the worst case scenario 30%.

I have looked for this credit chance for a long time due to stringent conditions set by local financial institutions. I feel that this is a rare chance to help me and my business realize our full potential.

I will be a committed payer and I hope to increase my installment with the anticipated business growth.

Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$149.97

Date disbursed

Sep 8, 2014

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Lender interest: $149.97 at 6.60% annual rate over 6 months = $5.52

Service fee: $4.18

Upon joining Zidisha, Cecilia paid a lifetime membership fee of $8.86.

Lenders

AdamP

Sunnyvale, United States

E

erozlum

Istanbul, Turkey

SeeMeeFi

Ontario, Canada

Sarasota

Sarasota, Fl, United States

Z

ZandC

Sacramento, United States

Matching Fund

Sterling, United States

S

stryker75

United States

LouisB

ZIDISHA, Mozambique

J

JessicaAna

Maputo, United States

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