Buy shirts to boost inventory of secondhand clothes

Alice

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Alice

Member since

February 2015

On-time repayments

212 installments  •  64%

About Me

My name is Alice, a mother of one child and a businesswoman doing business in Mombasa city. I was brought up in a farming community but I always had a desire to move into urban areas and that is what I did immediately after my secondary school.

With the help of my husband, I started selling second hand clothes since this was the ‘in-thing’ then. I am still doing this clothes business but I recently started selling music as well so as to maximize the usage of my business space and make more income.

I believe in hard work and I am very determined to expand my business to become a big store in future and turn it into a family business where my children will also be working.

My Business

I run three businesses under one roof, i.e. selling of second hand clothes selling music CDs and Mpesa business . I started with the former but I later realized that there is a huge market for music – both audio and video. This is the second year into my music business and it looks very promising.
I generate about 80% of my income from the clothes department and it is the one I want to strengthen with this loan. I need to stock many and different types of clothes for me retain and win new customers. The demand for this is always higher than what I can cope with in terms of finances. I normally depend of the income that I get from the business to buy new stock and occasionally get assistance from my husband but this is very rare.

Given affordable credit, the business has potential to grow much bigger and that is reason I have joined Zidisha and I hope to join the growth curve now.

Loan Proposal

If loaned by Zidisha, I will spend the money to buy one dozen choice shirts which I will be able to sell at a good price. I will target the middle class with this shirts and I am hoping to make a good profit of about 30% within one month.

I have in this business for a couple of years and I am lucky I have good clients who will not hesitate to buy from me if the price and quality is acceptable to them. This will mean more income for the business and increase the growth of my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Mar 11, 2015

Repayment status

On Time

Projected term

4 months

Lenders

investor

Candiac, Canada

torelizer

Reggio Emilia, Italy

P

Philippe

Adliswil, Switzerland

DeanDropshot

Oslo, Norway

T

ToddK

Indianapolis, IN, USA, United States

BJ

Brandon Joz

North Carolina, United States

B

blahblah

Nuernberg, Germany

beverly

Vancouver, Canada

ads68

Melbourne, Australia

Zal0m0n

Atlantis!!!! x), Mauritania

dmirpuri

Bangkok, Thailand

E

elourenco

Porto, Portugal

G

GanSatya

United States

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

trincowski

Vilar, Vila do Conde, Portugal

A

adamdreaming

United States

KM

Kirsty M

United Kingdom

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  • Henry    Jan 2, 2019

    I have talked To Alice she has promised to start paying within this month

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  • Alice    Feb 3, 2017

    My business has gone down since December But am hoping for the best as from next month.I thank Zidisha God bless you.

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  • Alice    Oct 6, 2016

    I sincerely thanks all the lenders for trusting me once again with your money.I will try my level best not to disappoint you. Once again Thank you.

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  • Alice    Oct 2, 2016

    I want to take this opportunity to thank all the lenders for trusting me with your money that has enabled me enlarge my capital base in my cloth business.Am now able to serve my clients well with a variety of choices.

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  • Alice    Jan 22, 2016

    I take this opportunity to thank the zidisha team for the support they are giving me.I would like to change my weekly repayment to Ksh300 This has been because i have nursing my child and i hope all will be well after a period of time.

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  • Alice    Nov 24, 2015

    I will buy two bales of first camera shirts which will give my clients a variety to choose from. Thankyou so much for giving me your money.

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  • Alice    Nov 10, 2015

    Hello
    Zidisha lenders i have completed the loan that you gave me and the sales of the cloths rose up an now i have more varieties of shirts that i sell than before and the customers are more satisfied than they used to.This has been possible because of the trust that you have had with me.Am planning in future to expand my shop so that i can separate music and the shirts to be two different businesses.

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  • Alice    Jul 24, 2015

    I thank all the lenders.for giving me another chance to develop my business.I will buy two dozen shirts which will enable my business expand.And also get more customers.

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  • Alice    Jul 16, 2015

    I would like to thank my lenders for trusting me with your money.The loan that i have just re-payed helped me increase my stock thats enabling me give my customers the varieties of cloths that they wanted.

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  • Alice    May 4, 2015

    i bought more shirts in my shop so my customers are getting varieties of what they want

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  • Alice    May 4, 2015

    I thank all the lenders for trusting me with your money

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  • Henry    Apr 14, 2015

    Thanks to all Zidisha lenders for trusting me with your money.Its making a difference in my life.

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