A loan to increase my stock

Katindi Musembi

Makueni, Kenya

100% repaid

Entrepreneur

Name

Katindi Musembi

Member since

September 2018

On-time repayments

9 installments  •  67%

About Me

I am a business lady.I grew up in Makueni district.I attended kithimani primary and later Mulala girls high school for my further secondary education. After form four,I was not able to further my education due to fee problems. Am now married to Bernard Musembi and I have 3 children. I usually use the profits I get to raise my business and care for my children by providing them with a better education.

My Business

I usually buy clothes in wholesale and sell them to consumers at a relatively lower price so as to gain more customers and of course I gain more customers than the other people who I compete with.I started the business as a small one but now it is growing more and more .I usually ensure that after completing my stock I don't consume all the profits but I increase the stock.

Loan Proposal

I will buy more clothes to increase my stock since I am a business lady.This will lead to more profits which will make me have enough cash to repay my loan.Buying more and high quality clothes will also make me manage and attract more customers which will also raise my income and enable me to repay my loan in time.I will also be able to expand my shop by extending it to be able to hold as large stock as possible which will enable me get more profits.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$15.60

Date disbursed

Jan 9, 2019

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $0.69

Credit risk payment: $2.07

Lenders

World Centric

Sonoma County, California, United States

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