Adding more inventory to clothes business

Margaret

Kahawa, Kenya

100% repaid

Follow Margaret How it Works

Entrepreneur

Name

Margaret

Member since

February 2015

On-time repayments

132 installments  •  31%

About Me

My name is Margaret, the first born in our family. This instilled me with great responsibilities taking care of my younger siblings and being the 'parent' whenever our parents went for their casual work in the coffee estates.

I grew up in the rural town of Gatundu District. This is in the Central Kenya and not far from the capital Nairobi. Its an hour drive.

Having not pursued a higher level of education, I purposed I must make it in life.

I started fending for myself very early in life, as a teenager. I ended up doing menial jobs including being a nanny. The life was so hard but l persevered. I still had to support my parents with the little I earned to help them raise our other siblings.

With the little that I kept aside I started selling clothes to the neighbors. When I got married, I carried on with this business.

I go to main market, select various ladies' wear and resell them at a profit. It usually a home based business and I move from customer to customer.

During my pastime, I love singing. I have already recorded one album.

My Business

Mostly I deal with ladies wear.

My clothes are in demand because I deliver to people in their homes and businesses. I do the business from my home.

I have now expanded my business to include sale of beauty products like the hair pieces, braids and weaves for the ladies.
This too is picking so well.

I chose this kind of business because clothes do not expire and most people have no time to go to the market. Its easy when I deliver to them.

It costs met about 2-3 USD per cloth. I later resell at a 20% profit.

The profit I get, I pay my residential house rent, add more stock and support my music production.

When funded I believe more stocks will be available thus more sales and more profit. I also intend to rent a stall in town to diversify my business to include other businesses that I can not do from home e.g. Mobile Money services, sale of soft drinks, snacks and scratch cards among others.

Loan Proposal

When I get the loan, I am going to buy new and more clothes as follows:
- Tops USD 25
- Skirts USD 20
- Trousers USD 25
- Sweaters USD 15
- Handkerchiefs USD 5
- Stockings USD 10

Funding will make me go a long way in meeting my customer needs and improve qualities of clothes sold.

Thank you team.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 23, 2015

Repayment status

On Time

Projected term

4 months

Other loans

Jul 2015:  $187

Lenders

P

Philippe

Adliswil, Switzerland

A

Adam3333

Hague, Netherlands

robinbuxton

Rugby, United Kingdom

J

JeffH

United States

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

J

jamdal

Australia

BP

Bing-shu Pan

Taiwan

F

Flower

Netherlands

Richard

Shrewsbury, United Kingdom

AR

Adam Romek Kallin

Sweden

Ask Margaret a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Margaret    Oct 7, 2016

    I have had a low season for quite a time now but I want to resume payments. I am sorry to fall behind schedule but will do my best to finish at least by Dec 2016

    Log in to reply • Share

  • Margaret    Nov 25, 2015

    With a little business challenge, I shall be back to bigger instalments

    Thank you lenders.

    Log in to reply • Share

  • Fredrick    Sep 30, 2015

    Hello lenders i talked with Margaret and explained to me about the status of her business in spite of that she promised to resume her payment soon.
    Thanks
    Fredrick Kamau
    (V.M)

    Log in to reply • Share

  • Margaret    Sep 29, 2015

    I have had a low business season thus affecting my repayment. I will pay a lesser instalment but resume a higher repayment soon. Thanks for your patience.

    Log in to reply • Share

  • Margaret    Jul 30, 2015

    Thanks all my lenders

    I received the full loan and am very grateful for the support.

    I am now ready to increase my stock. Growth is imminent.

    God bless you.

    Log in to reply • Share

  • Margaret    Jul 23, 2015

    Am grateful for your funding.

    With the loan I will add more clothes and hair stock.

    Thanks lenders and team

    Log in to reply • Share

  • Margaret    Jul 22, 2015

    Dear lenders

    I am still optimistic

    Log in to reply • Share

  • Margaret    Jul 22, 2015

    Thank you team.

    I look forward in the remaining hours

    Log in to reply • Share

  • Elijah    Jul 20, 2015

    Dear Lenders,

    Please continue funding this applicant because previously she did her repayments even in a shorter period than initially indicated.

    Thanks you all.

    Log in to reply • Share

  • Margaret    Jul 17, 2015

    thanks Elijah

    Log in to reply • Share

  • Elijah    Jul 17, 2015

    Hi Lenders and the Zidisha Team,

    I encourage you to continue funding this applicant.

    She is one of the invitees I have whose repayment was so commendable on the first loan.

    I am sure even in this loan, she will not disappoint.

    Thank you all

    Log in to reply • Share

  • Margaret    Jul 14, 2015

    Thank You

    Thank you for starting to fund my loan.

    I remain very optimistic.

    God bless you all.

    Log in to reply • Share

  • Elijah    Jul 11, 2015

    Margaret has been doing very well especially in her loan repayment.

    I am very confident that even when new lending is done to her she will not let disappoint.

    Thank you lenders.

    Log in to reply • Share

  • Margaret    Jul 9, 2015

    EXCITED TO REPORT:

    With my first loan, I have succeeded to expand my business. From clothes only, I am now selling synthetic hair for ladies (weaves, braids etc)

    I am excited and soon I will rent a stall to do my business from.

    God bless Zidisha Team and all the lenders and people of good will.

    Log in to reply • Share

  • Margaret    Jul 3, 2015

    Thanks Zidisha for your support to my business

    Log in to reply • Share

  • Margaret    Jul 3, 2015

    With the loan I acquired, business has continued to grow.

    I have now included sale of hair products and this means growth.

    Thanks Zidisha Team.

    Log in to reply • Share

  • Elijah    Apr 6, 2015

    Its rainy season here in Kenya and schools have closed for Easter Holiday.

    This is a good opportunity for you to sell more clothes.

    All the best.

    Log in to reply • Share

  • Margaret    Mar 30, 2015

    DOING GOOD,

    My business is doing well and this is a high season for people to dress up for easter occasion.

    Thank you lenders for the trust you gave me with your funds.

    Log in to reply • Share

  • Margaret    Mar 30, 2015

    The business is doing well and I can afford to do a higher at the moment.

    Log in to reply • Share

  • Fredrick    Mar 6, 2015

    Dear Member;
    I am grateful to serve you as Volunteer Mentor, I kindly remind you to make your repayment on time always in order to remain in good relationship with lenders and increase your credit limit as well as avoiding consequences resulting to repaying late or not repaying at all.

    Kindly comply. Should you have any question, please do not hesitate to call my number.

    Regards
    Fredrick Kamau
    (Volunteer Mentor)

    Log in to reply • Share


Loading...

Loading...

Loading...

Explore

Act

Connect

Account

© 2009 - 2024 Zidisha, Inc.   •   Terms and Privacy   •   Contact