Buy new clothes to sale in my retail shop for ramadhan holiday because of the high demand

Hellen Ngeiywo

Mombasa Island, Kenya

50% repaid

Entrepreneur

Name

Hellen Ngeiywo

Member since

April 2014

On-time repayments

91 installments  •  49%

About Me

I am Hellen Ngeiywo Chepkwemoi. I was born and brought up in western province, mt elgon district kaptalelio village. i was born in a family of three kids, one girl who is myself and two boys. I am a mother of one. I schooled in kaptalelio primary school and st columban's kitale which i was forced to drop out in form 2 due to lack of funds. i later managed to finish kcse as a private adult student. I started my business inorder to earn a living as well as bring up my baby.

My Business

Hallo my lenders, here i come again for my second loan. Am very grateful for every lender who made it possible for me to get my first loan which has really improved my sales and profit margins. i could not thank you enough but i am really thankful.through that loan i have been able to satisfy the demand that was there.

Loan Proposal

the demand for clothes is high because of the upcoming Eid celebrations. apart from what i sale most that is mostly food items i also try to go for what is currently in great demand. Therefore i will use $550 to buy the clothes and the rest to buy children's shoes. These purchases will enable me to make good profits hence enabling me to repay my loan on time like the first one hence changing my life. kindly my lenders i ask for your generous contribution to make my dreams come true.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$444.97

Date disbursed

Jul 1, 2014

Repayment status

Late

Projected term

20 months

Cost to entrepreneur

Lender interest: $444.97 at 4.89% annual rate over 20 months = $35.99

Service fee: $26.28

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