Buy second hand clothes for resale

Serah Muzyoka

Livingstone, Zambia

100% repaid

Entrepreneur

Name

Serah Muzyoka

Location

Livingstone, Zambia

On-time repayments

93 weekly installments  •  57%

About Me

Am a Zambian lady by the name of Serah Muzyoka .I was born in the year 1987 in the southern part of Zambia in a rural part of a town called monze. I started my school in the year 1995 at a school called Kaloba in Monze west after which i went to do my grade eight and nine in the Western part of Zambia at a school named Limulunga Secondary school in Mongu town. After completing my grade nine I stayed for about two years without learning due to financial challenges. However i proceed with my senior grades later and i managed to complete my grade 12 in 2011 at Masuku Secondary School in southern province of Zambia , though this was done under difficulty financial challenges. I'm currently pursuing a degree programme in Special Education and English at Victoria Falls University Of Technology in Livingstone town in southern province of Zambia and I'm in my third year.

My Business

I started a business to help me support my education and the education of my children. My business deals in buying second hand clothes(bales) and then resale them. These clothes are on demand due to the fact that they affordable to most people unlike new clothes in boutique s that are expensive. I chose this business because it was easy to start even with a small capital because one can start by just ordering few clothes from people selling at a slightly lower price and resale them at a higher price and make a little profit, so you don't necessary need to buy a bale when you're starting.Currently I manage to order two bales of second hand clothes at $400 ,in a week i manage to realise $135.00 with expenses amounting to $11.00 giving me a profit of $124 per week.

Loan Proposal

I will use this amount to add to what I have to enable me buy the bale of second hand clothes which is costing $200. I would have loved to to get a higher amount so as to enable if possible to buy two bales.

Feedback

1

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  • David    Mar 10, 2021

    Loan was originally scheduled to take six weeks. Smaller, but regular, payments were made, completing the loan in six months. Thank you for your perseverance during these challenging times.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$27.82

Date disbursed

Sep 13, 2018

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $0.79

Credit risk payment: $2.44

Lenders

HCPSPIRIT

Helsinki, Finland

MM

Mac McKiva

United States

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  • Serah Muzyoka    Dec 28, 2021

    I made a payment of K150 towards my loan repayment on 24th December 2021.

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  • Serah Muzyoka    Dec 26, 2021

    My business is still not stable.I will adjust upwards as soon as business improves.

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  • Serah Muzyoka    Dec 17, 2021

    I have paid a K150 today 17/12/2021 towards my loan

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  • Serah Muzyoka    Dec 17, 2021

    This is due to the poor performance of my business

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  • Serah Muzyoka    Dec 5, 2021

    I made a payment of K200 on 03/12/2021.aIt has not yet been acknowledged.

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  • Serah Muzyoka    Dec 3, 2021

    I have had challenges with my business.I will however be committed with consisted repayments from now going forward.Sincere apologies for the incovinience caused.

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  • Serah Muzyoka    Oct 25, 2021

    My business has not been performing well.However I will adjust my instalment upward as soon as my business stabilizes

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  • Serah Muzyoka    Sep 24, 2021

    Am finding challenges with my business currently but I will adjust it higher as things improve.

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  • Serah Muzyoka    Sep 11, 2021

    Iam currently facing challenges with my business but I will adjust my instalment upwards as soon as things improve.

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  • Serah Muzyoka    Sep 10, 2021

    I have been facing financially challenges but I will adjust higher when business gets better.

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  • Serah Muzyoka    Aug 28, 2021

    My business has been slow of late.I will however be committed to paying back.

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  • Serah Muzyoka    Jul 18, 2021

    Business is currently slow but I make upward adjustments as the business improves

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  • Serah Muzyoka    Jul 4, 2021

    I would like to acknowledge that I have received the funds amounting to K9,199.I will buy my second hand clothes.Thanking you for your unwavering support.

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  • Serah Muzyoka    Jul 3, 2021

    I will be able buy more second hand clothes.This will help me get more profit and help me pay for my tuition fees easily

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  • Sophia    Jun 23, 2021

    Good luck! Best wishes!

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  • Serah Muzyoka    Jun 20, 2021

    My previous loan was very helpful I was able to increase my orders and made an increase in my profits.Thank you so much.

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  • Serah Muzyoka    Jun 4, 2021

    Business has not been good of late but I may readjust my instalments high depending on how business will be.

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  • Serah Muzyoka    May 15, 2021

    Am glad to inform you my lenders that I received the amount K3592 and will go ahead and buy Second hand clothes.I will always be greatful for your continued help.

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  • Serah Muzyoka    May 12, 2021

    Am happy I received the loan amount that I requested for. May the Lord bless the entire.

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  • Serah Muzyoka    May 6, 2021

    I will be able to increase the quantity of clothes that I will order and this will increase my profits.Thank you for your continued support.

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