Assist in funding my clothing and shoes business
Janet
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Janet
Member since
April 2017
On-time repayments
109 installments • 84%
About Me
I am a recent graduate of a degree course in public health. Thus in the pursuit of searching for employment and fending for myself, I decided to sustain my life through selling clothes and shoes. This business ensures that I get enough funds to sustain my lifestyle and ensures that I grow it in gradual steps to a fully fledged enterprise.
My Business
I started off my business by selling two pairs of rubber shoes from the little pocket money I had. From the profit obtained I went ahead to buy more shoes because of high demand, especially rubber shoes and clothes that are in high demand especially among the youth who are fashion savvy. I have been operating from home and I would like to expand my business by establishing a stall/shop where I can sell my merchandise in the next two to three months. I mostly deal in ladies' shoes and clothing and I would like to include jewelry and accessories into my business.
Loan Proposal
I intend to invest around $ 400 in my clothing venture in the following ways:
a) Purchase inventory/stock of around $ 250 of mainly ladies clothes and shoes which after sale might net me around $ 600 in revenues.
b) Utilize around $ 80 as operating costs for business venture i.e. transport and selling costs.
c) Utilize the remaining $ 70 in trying out some crop farming as a means of spreading business risks and for emergency purposes while undertaking my business venture.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$366.00
Date disbursed
Jul 24, 2018
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Devon, United Kingdom
United Kingdom
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Margaret Dec 22, 2018
Maggie and M Oct 29, 2018
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