Stock secondhand clothing for my newly opened stalls
Mery
Kericho, Kenya
100% repaid
Entrepreneur
Name
Mery
Member since
February 2015
On-time repayments
48 installments • 44%
About Me
I am mercy limo aged 22 years old. I live in kapsoit estate in Kericho west County. I started my mutumba business in the year 2013.I stared it because I saw a high demand in mutumba cloths since the budget was lowered in our country. Mutumba cloths, anyone can acquire it at a very cheap price,it does not matter whether someone is rich or poor. The bearings from my mutumba business I will use them to add more stock which am planning to go for them in Nairobi. I will also employ another party to assist me sell them since we shall be moving from one market to the other. I will save some to pay my bills and school fees for my younger sibling who is in class eight right now.So the profits also i will use to pay my fees for my per time course since my parents are no more am an orphan and all is not good with my relativies who have grabed all our properties left by our parents.So i will save some for my per time courses.
My Business
I sell mutumba cloths at kericho town next to the main stage opposite ukwala supermarket. Kericho is a fast growing town hence there is high population leading to less creation of jobs. This leads to low standards of living amongst the people.So many people will prefer wearing mutumba cloths and shoes since all are relatively cheap. This business generates between USD 200 to USD 250 per month which I normally use to add stock to my business. I would like to eradicate the stiff competition by acquiring a zidisha loan which will help me increase my stock and open other stalls for my mutumba clothes.
Loan Proposal
I am very optimistic that I will get the loan from Zidisha, and I will use it to add more stock to my stalls, since the past loan let me open two more stalls. So when I get my next loan, then I will use it to add stock to my stalls, so that the income will help me repay my loan and even settle my bills. I am planning also to pay this term fee for my sibling, who is now in class eight. I am so glad to take another loan from Zidisha, since it changed my life so nicely. Thank you so much Zidisha, and may God bless you people.
About Me
I am mercy limo aged 22 years old. I live in kapsoit estate in Kericho west County. I started my mutumba business in the year 2013.I stared it because I saw a high demand in mutumba cloths since the budget was lowered in our country. Mutumba cloths, anyone can acquire it at a very cheap price,it does not matter whether someone is rich or poor. The bearings from my mutumba business I will use them to add more stock which am planning to go for them in Nairobi. I will also employ another party to assist me sell them since we shall be moving from one market to the other. I will save some to pay my bills and school fees for my younger sibling who is in class eight right now.So the profits also i will use to pay my fees for my per time course since my parents are no more am an orphan and all is not good with my relativies who have grabed all our properties left by our parents.So i will save some for my per time courses.
My Business
I sell mutumba cloths at kericho town next to the main stage opposite ukwala supermarket. Kericho is a fast growing town hence there is high population leading to less creation of jobs. This leads to low standards of living amongst the people.So many people will prefer wearing mutumba cloths and shoes since all are relatively cheap. This business generates between USD 200 to USD 250 per month which I normally use to add stock to my business. I would like to eradicate the stiff competition by acquiring a zidisha loan which will help me increase my stock and open other stalls for my mutumba clothes.
Loan Proposal
Am very optimistic that i will my second loan from zidisha and i will use it to add more stock worth 7000/= to my stalls since the past loan made me to open another stall.So when i get my next loan then i will use it to add stock of cloths since i deal with cloths only not with shoes in my stalls.I will buy ladies skirts at 100/= each and sell it at 250/=.So my profit is 150/=.Then trousers for men i will buy one at 300/= and sell each at 500/= making a profit of 200/=. The income will help me repay my loan back and even settle my bills.Then the remaining 2000/= i will use it to pay my new worker so as to motivate her do the work more efficiently.This makes a total of 9000/=.But mt income will be more than this am very certain about this.Am so glad to take another loan from zidisha since it changed my life so nicely.Thank you so much zidisha and may God bless you people.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 22, 2015
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
Newport, United States
United States
United States
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