Entrepreneur
Name
Margaret
Member since
February 2015
On-time repayments
212 installments • 43%
About Me
My name is Margaret Muthoni, a businesswoman based in Mombasa city. I was born in Nyeri county in the central region of Kenya. This is an agriculturally rich area and most people around this area are farmers.
I grew up in this farming community where I learned my farming skills early in life. I however had a desire to work in big cities and a chance came when I cleared my secondary school. After clearing my secondary education, I moved to Mombasa, which is the second largest city in Kenya, to live with my uncle.
I then enrolled in a college where I did a course in catering and hotel management. I got a job in a hotel shortly after completing my course, where I worked for six months.
I then got married and I could not continue with my hotel job since it demanded that I work in very odd hours and this could not work since I was starting a family. I was blessed with two children, now aged 12 and 7 years.
With the help of my husband, I started a clothes selling business which I am still doing.
My Business
My business is selling of used and new clothes. I do it from a rented stall in town. I normally get my stock from big markets in Nairobi. My shop is located in a densely populated area of the city and I get a regular stream of customers who have known me over the years.
I deal with all types of clothes of all ages and sexes. The business fetches a profit of about $300 per month and I use this money to support my family as well as sending money back home to support my aging parents.
Given credit, I would like to expand my business by adding more stock so as to attract more people to my shop.
Loan Proposal
Clients are always attracted to shops that offer a wide variety of items. I want to use this principle and increase my stock so as to attract more buyers. I sell all types of clothes for both sexes and with more cash, I will be able to build on the stock that I already have.
I will spend all the money to buy stock of women and children used clothes which have more demand than the rest. I am hoping to benefit from the end of year high season and I am optimistic that I will make good sales during the season.
Thank you.
About Me
My name is Margaret Muthoni, a business woman based in Mombasa city. I was born in Nyeri county in the central region of Kenya. This is an agricultural rich area and most people around this area are farmers.
I grew up in this farming community where I learned my farming skills early in life. I however had a desire to work in big cities and a chance came when I cleared my secondary school. After clearing my secondary education, I moved to Mombasa which is the second largest city in Kenya to live with my uncle.
I then enrolled in a college where I did a course in catering and hotel management. I got a job in a hotel shortly after completing my course where I worked for six months.
I then got married and I could not continue with my hotel job since it demanded that I work in very odd hours and this could not work since I was starting a family. I was blessed with two children now aged 12 and 7 years.
With the help of my husband, I started a cloth selling business which I am still doing.
My Business
My business is selling of used and new clothes. I do it from a rented stall in town. I normally get my stock from big markets in Nairobi. My shop is located in a densely populated area of the city and I get a regular stream of customers who have known me over the years.
I deal with all types of clothes of all ages and sexes. The business fetches a profit of about $300 per month and I use this money to support my family as well as sending money back home to support my aging parents.
Given credit, I would like to expand my business by adding more stock so as to attract more people to my shop.
Loan Proposal
Clients are always attracted to shops that offer a wide variety of items. I want to use this principle and increase my stock so as to attract more buyers. I sell all types of clothes for both sexes and with more cash, I will be able to build on the stock that I already have.
I will spend all the money to buy stock of women and children used clothes which have more demand than the rest. I am hoping to benefit from the end of year high season and I am optimistic that I will make good sales during the season.
Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$92.00
Date disbursed
Oct 29, 2015
Repayment status
On Time
Projected term
4 months
Lenders
Fontvielle, Monaco, Yemen
Germany
Ask Margaret a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Ahadi Jun 26, 2018
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