Add stocks of clothes, handbags, jewellery& shoes

Milka Atieno

Nakuru, Kenya

13% repaid

Entrepreneur

Name

Milka Atieno

Member since

April 2013

On-time repayments

298 installments  •  23%

About Me

My Names are Milka Atieno Ojuka.I live in Nakuru County Headquarters in the city called Nakuru.I completed my secondary school in the year 2000. After this, in the year 2003, I joined a college in Nakuru city whereby I did my business entrepreneurship course. After the completion of my course, I was employed at a famous supermarket in town in the year 2004.I worked there for about six years then i was laid off. After being laid off, I then thought of an idea that would help my family financially. It is then that I decided to open my own business to cater for my family daily needs.I am a mother with two children (a boy and a girl). My first born is a boy and he is in class eight(8),my second born is a girl and she is in class (5).

My Business

I do the business of selling new clothes(boutique), Ladies handbags, shoes and Jewelry. I started it immediately in the year 2010 after i was laid off with the little money I had from my previous savings. After a year, that is in the year 2011, I was given a loan by a Sacco called Jijenge self help group,whereby I managed to add more stock in my boutique business.The boutique services you can get here are ladies clothes, handbag, ladies shoes, and jewelery among other services.I sell mostly ladies goods because they sell much faster and they earn good profits. Prices for shoes range between $6 to $12, dresses range between $13 to $20 Handbags range between $7 to $ 12 and jewellery range between $10 to $15. I am able to sell at affordable prices because I get my goods from Uganda.Goods are much cheaper in Uganda than here in Kenya. Because of my prices, I normally get customers who buy my stock in bulk to go and sell in other towns in Kenya. This business is very profitable, It pays for my children's school fees, and even cater for my family needs. My shop is strategically located at the heart of Nakuru City, along Gusii Road opposite Mount Sinai Hotel. My biggest challenge right now is lack of money for buying more stocks of goods. I have loyal customers who normally buy in bulk. I therefore require a bigger stocks of goods in order to maintain all my customers. This will enable me to sell everyday and make good profit. I therefore request lenders to help me make my dream come true. In future, I would like to establish more boutiques shops in other areas of Nakuru town.

Loan Proposal

The business of selling women clothes, jewellery, shoes and handbags sell much faster when you have the latest fashion. This is the secret behind my success. I have always tried to stock my shop with the latest fashion because Women like buying goods that are in fashion.At this point, I require $600 for buying stocks from Uganda at cheaper prices.I will be buying women clothes at a cost of $180 dollars, 20 pairs of shoes at a cost of $ 150, 15 ladies handbag at a cost of 180, jewellery which includes earrings, bangles and necklaces at a cost of $90 This will help me to attract more buyers in my boutique because I will be selling my goods at affordable prices after getting them at cheaper prices from Uganda. With the latest fashion in my boutique, I will be able to sell and make good profits t which will enable me to continue supporting my family and even pay my loan promptly. I therefore request lenders to help me stock my boutique with the latest fashion by funding my loan.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$563.00

Date disbursed

Jun 17, 2014

Repayment status

Late

Projected term

81 months

Lenders

Svenip

Vienna, Austria

BrianHibbs

South Bend, United States

L

Lemon

Switzerland, Switzerland

S

SvenWaage

Stavanger, Norway

DT

Dru Tarr

Gloucester, United States

N

netsirkd

Highland, United States

Sarasota

Sarasota, Fl, United States

xtrahardware

Cazenovia, United States

Matching Fund

Sterling, United States

NA

NO ACCOUNT

Bluba, Germany

Leonardia

Waddinxveen, Netherlands

F

factotums

United States

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