Add more stock to boost my business

Joyce

Thika, Kenya

100% repaid

Entrepreneur

Name

Joyce

Member since

March 2015

On-time repayments

43 installments  •  65%

About Me

My names are Joyce Mwangi. I am a business oriented lady with a background training IT and business management. I have worked in IT field for a while until I quit to concentrate on my online business of selling clothes and household items.
I have experienced a tremendous growth in my business since it started and now want to grow it further.

My Business

My business involves selling both male and female clothes online. I started the business 6 months ago from my savings and so far, I have managed to build a large base of customers. Currently, my customers have started enquiring about clothes for kids which I do not stock. I now want to expand my business and stock them since I already have a ready market. Am short of resources and I kindly request Zidisha lenders to help me raise the money so as I can be able to fund my business.
Am able to reach a bigger number of clients through my online selling through social media. Mostly, I get so many referrals through the same social medias and that is how I have been able to grow my clientele base.
Monthly, I make around Kes 30,000 and with the introduction of kids cloths, I target the sales to rise upto Kes 45,000. Profits made will be used to repay the loan.

Loan Proposal

With my past loan, I was able to introduce new kids cloth in my clothing sales business. The business has been doing well since, I was able to repay my loan on time. With more funds, I will add more stock as well as venture into stocking school uniforms. There are several schools around my business location and have been geeing several enquiries regarding school uniforms for school going children of these schools. I will use the loan to stock various uniforms particularly for these neighboring schools since the demand is already there.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$192.00

Date disbursed

Jul 9, 2015

Repayment status

On Time

Projected term

7 months

Other loans

Lenders

PG

Paul Graham

United States

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