Boosting my clothing business

Dorcas Mwangi

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Dorcas Mwangi

Member since

April 2015

On-time repayments

55 installments  •  64%

About Me

I started schooling in a school Nakuru, performing well to high school and to my college certificate of animal health. I started working as a pestcontrol official in a company located around kasarani, worked for 2 yrs resigned to start my own business in the gikomba market taking my wares to offices and friends homes. later moved to zimmerman and opened a shop where i have clients living around and others visiting this areas who are amazed by what i do.

in the place i live mostly i have young families and i enjoy their company because of the small children who come along with their parents. we have a wholesome association, telling me of thier new adventures.

i have 1 son who i adore so much and wants to be a proffesional photographer when old enough.

My Business

I deal with second hand clothes. this items are on demand because of their daily routine in life. we need clothing and household items e.g mats curtains, baby clothes our dressing. i choose it because this is an essential need and people in my area have come to appreciate fashion. this kind of business does not require alot of capital and you are able to restock with not alot of money. the stuff i sell is easily affodable to my customers.

i buy my stuff from arange of 10000-20000 giving a revenue of 5000. i do asale of each item at the cost of 350 - 500, some from 800- 1000. some times people tend to compain but we are able to reach to abetter conclusion. mostly i budget my money for sons upbring in buying him his basic essetials to be used in his school and school fees. buying him his school uniforms, clothes that he use at home. my business growth is also very important so i tried hard to add more and new fashions to keep it growing. finally my home improvements i try to buy products for every day use and in case i need anew gadget in my house which i need to budget for sometime.

Loan Proposal

this loan will help me buy a bale of mats and household items like bed sheets towels and kitchen towels. this are essential because my business is situated in the estate where this are the most used commodities. this together with the tops and dresses make a good mixture , making me have enough sales to service my next loan
for me i will add my profit higher and continue managing my monthly expenses, my customers will be happy because this will be a one stop shop where they will get all they need at a good price.
iexpect my profit margin to be at least 5%

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$190.09

Date disbursed

Sep 16, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $7.89

Lenders

Dianne

Maryville, United States

valentin

Stockholm, Sweden

J

jgpryor

Williamsport, PA, United States

AdamP

Sunnyvale, United States

Umair Mahmood

Raleigh, United States

I

Interfree

Dubai, United Arab Emirates

quozl

Dublin, Ireland

C

cjmenchaca

Austin, United States

W

Washndwyer

Baltimore, United States

S

SelvaMarcus

Green Cove Springs, United States

S

SeanWolfPack

Raleigh, United States

Ellwood

Wimborne, United Kingdom

P

penguin3694

Chicago, United States

N

nichsafti

Menlo Park, United States

M

mmcclu111

San Francisco, United States

ads68

Melbourne, Australia

A

Adam3333

Hague, Netherlands

M

memorissima

milano, Italy

L

LindsayB

Sydney, Australia

K

kjustad

Asker, Norway

gseletko

South Perth, Australia

Z

ZandC

Sacramento, United States

J

jinx83

Brisbane, Australia

E

E

Marin county, United States

C

Clben7

Cincinnati, United States

B

BobHope

United States

S

spivurno

United States

Pankratio

EastVan, Canada

B

bugdaniel

Switzerland

bb4dogs

United States

joshuacollinson

Vienna, Austria

J

jbhernan

United States

mepster

San Francisco, Ca, United States

M

madeleinec

United States

TyWee

Manila, Philippines

G

GDean

United States

D

DStateDDB

United States

W

wesbh89

United States

J

jdelaporte

United States

A

AlexH

United Kingdom

S

stryker75

United States

SV

sven vdk

Twickenham, United Kingdom

J

JeremyR

United States

Roy

Espoo, Finland

MW

Matt Willis

United States

MT

Marco Tietz

United States

BE

Bob Ewing

United States

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

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