Additional stock of towels

Elizabeth

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Elizabeth

Member since

June 2017

On-time repayments

159 installments  •  57%

About Me

I am a 2nd born in a family of seven. When we were growing up things we really hard as my parents could not afford most of the basic things. My mum was a tailor and my dad was a civil servant.

After my form four I had to seek casual jobs to save money to enable me pursue my college. I took a Diploma course of tours and travel where I did work for over ten years. Employment never gave me the satisfaction I wanted as the money was never enough it only paid bills and it was a cycle.

When I decided to start my business I did not have much capital but I took what I had and started to import products to sell. I now bring watches, wallets, towels, bags and socks. I would wish to increase my stock

I am teaching my children to venture into business and when they are not in school they help me round my small shop.

I have always enjoyed travel and I look forward to that time I will be able to take time off work to travel.

My Business

My business is for products that I import and sell locally. At the moment I have in stock towels, socks, handbags, watches and wallets. I look to expand and bring more goods to enable me have varieties. I sell online and I also get walk ins who come to buy from the shop. I also deliver to clients who cant make it to the shop at a minimal fee.

I make sure that my products are of good quality and I thrive to meet my clients satisfaction as I build my client base. This I have achieved as most are now repeat clients.

My overhead costs are rent, advertisements, electricity and internet services..

What I get as my profits pays my bills, school fees and I pump more to the business.

Loan Proposal

The second loan that am applying for I will use to increase my stock which I will be importing next week.
With an increament of stock this builds my capital base for my business.
My profit margin will have increased by a 10%.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$27.00

Date disbursed

Aug 12, 2017

Repayment status

On Time

Projected term

5 weeks

Lenders

MarktheMormon

Sandy, Utah, United States

G

glh25

Winooski, United States

PG

Paul Graham

United States

John Minges

United States

DT

Dave Tyler

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

ML

miriam levine

United States

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