Coats for clothing business

Margaret Wambui

Nakuru, Kenya

10% repaid

Entrepreneur

Name

Margaret Wambui

Location

Nakuru, Kenya

On-time repayments

174 weekly installments  •  31%

About Me

My name is Margaret Wambui from Kenya, Nakuru. I come from a nuclear family of five children. We have all finished college and doing businesses. In my family we are success oriented people and we never give up. This is how our parents raised me up. Challenges are there and I am going a very outstanding challenge that I had gone through. This touches my financial life. I had just finished my c ollege and I was looking for an employment. It happened that my friend called me for a job which was a bout 50kms away from home. I did not have cash and neither of my family members had. So what I did is to approach a neighbour of mine who used to be our friends. He did not accept that easily. He asked me if I was going to sell second hand clothes for him after I come to refund his money. I accepted and he gave me the cash. I reached at my friends place and unfortunately the job was also to sell second hand clothes. This heart broken. I had taken my money so that in return I sell second hand clothes and there I was going to be give selling second hand clothes job. I came back to my neighbours job and after a few weeks he gave me capital to start my own business. I just started my business from there. I look forward to expanding this business. My culture is a good one and traditional music is our unique cultural thing. During occassion we listen to our traditional music called Mugithi, This is music mixed with folk dance and other cultures envy it.I want my children to grow wealthy when they grow up.

My Business

My business is doing well. I sell second hand clothes but I want to upgrade it to selling new clothes because it is also fast selling. I am seeking this loan to expand my business so that I earn extra income to support my family. Clothes are on high demand, people are buy it every day. Second hand clothes are bought by low and middle class people. Now I would like to meet the standard of high class people by getting new clothes and fashioned clothes. This will tremendously increase my daily sales thus my income big.
I chose this business because it is a daily business. What I mean is that people buy clothes on daily basis, either for children or adults that is i make a sale everyday. This business also was my life changing opportunity for me. I was introduced to it while paying debt but it became relevant to me and I loved it.
My profits is about 60$ monthly. This is nice. But I can do better than this. My expenses involve food, rent and transport and other home improvements like chairs, tables , beddings and utensils

Loan Proposal

i want to buy coats now that we are in cold season.i will buy the trenchcoats at 5$ to 7$ and sell between 10$to 20$ depending on the trenchcoat design if it is official the price is high to one that is flowerly and casual.this new stock will boost my sales very much,adding this to my current stock i can be able to make more like by about 8$ from trench coats only. if the client sees the other clothes in stock and makes even more sales .

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$98.46

Date disbursed

Jun 27, 2017

Repayment status

Late

Projected term

25 months

Cost to entrepreneur

Service fee: $4.41

Other loans

Lenders

ErikN

Stockholm, Sweden

evinpa

United States

H

hilde

seattle, United States

ads68

Melbourne, Australia

Dave Bogard

New York, United States

Dayton

Vancouver, Canada

KK

karl kerksiek

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

LM

Laquelle Mari

United States

JL

James Little

United Kingdom

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

Please log in to comment.

  • Joseph Mwangi    Dec 29, 2017

    I tried to call Margaret but her phone was picked up by someone else. Her referees are not willing to help. Will keep on trying to get in touch with her and keep you updated.
    Joseph Mwangi

    Log in to reply • Share
  • Margaret Wambui    Nov 5, 2017

    due to relocationof business sites by new elected county goverment business has really gone down

    Log in to reply • Share
  • Geofrey Yegon    Oct 19, 2017

    hi margaret, do your best to continue with repayments. zidisha is helpful always.

    Log in to reply • Share
  • Margaret Wambui    Sep 17, 2017

    I have just shifted to a new business location,this change was implemented by new county government thats why I have been lagging behind as it has disrupted our business but now it has been finished

    Log in to reply • Share
  • Margaret Wambui    Aug 19, 2017

    My sales is picking up

    Log in to reply • Share
  • Margaret Wambui    Jul 14, 2017

    i want to put back all i can in the business for a little while for the business to gains momentum

    Log in to reply • Share
  • Margaret Wambui    Jun 28, 2017

    i am so happy i received the loan,thank you so much God bless you all zidisha team

    Log in to reply • Share
  • Margaret Wambui    Jun 24, 2017

    i want to thank zidisha team you have really helped me thank you lenders for this loan.i will buy trenchcoats,they are fast moving now that we are in cold season and also they are fashionable compared to just ordinarly coat.This will help me make more sales bring more customers my way

    Log in to reply • Share
  • Margaret Wambui    Jun 16, 2017

    i want to pay the full amount

    Log in to reply • Share
  • Margaret Wambui    Apr 17, 2017

    i have been unwell for sometime but now am back and gone back to business,and my clothes business will soon pick up again

    Log in to reply • Share
  • Geofrey Yegon    Feb 12, 2017

    I contacted margaret and she said nextweek will start repayments

    Log in to reply • Share
  • Joseph Mwangi    Jan 2, 2017

    Hello Lenders
    I managed to get in touch with Margaret Wambui and she promised to update her loan account as a matter of urgency.
    Happy New Year to you and your families.
    Joseph Mwangi, VM

    Log in to reply • Share
  • Margaret Wambui    Dec 2, 2016

    Dear Good lenders i want to pay the less the amount i stated because i did not reach the target i hoped with my earnings.

    Log in to reply • Share
  • Margaret Wambui    Nov 24, 2016

    my business have been doing well lately

    Log in to reply • Share
  • Margaret Wambui    Mar 31, 2016

    Dear Zidisha Team
    I wish to reduce the amount of payment i am making because i moved my business into another shop. My business is improving as time goes by things are [going to get much better.

    Log in to reply • Share


Loading...

Loading...

Loading...