Buying clothes and shoes for my new type of shop

Ann Mwangi

Nyahururu, Kenya

Funds disbursed

$0 to go

100% funded of $286 goal


days left



Ann Mwangi

Member since

March 2014

On-time repayments

44 installments  •  61%

About Me

I live in Nyahururu town an estate known as Co- Site. I come from a humble background in a family of eight, I am the last born in my family with four brothers and one sister. I am a business woman by occupation. I sat for my Kenya Certificate of Secondary Education in the year 2010 and later in the year 2011 my elder brothers assisted with some money to start a shop business of which I buy and sell basic commodities like maize and wheat flour, sugar, cooking fat, rice, salt and many other items.

My Business

I run my business without depending on any persons help because I am able to manage it from the knowledge i acquired from my business studies. I get income from the business because it is very much profitable. My goods are of the best quality since I buy them from the authorized suppliers and there is high demand for them because I maintain good customer relationship and I sell them at the recommended price by the suppliers. Customers prefer to do their shopping at my shop because I do not lack anything that they need and am always available and thus making it more profitable. The business may face a risk of sudden change of price of commodities, this happens when a sudden increase in price of a product within a particular period of time and this leads to low demand for that particular product. My monthly sale of kshs 50000 allows me to pay for the typical monthly costs of kshs 20000. I like my business because I am well experienced with it.

Loan Proposal

Hallo my dear lenders, as I had informed you at my conversation page, I have a new shop dealing with both clothes and shoes, this is known as a boutique and as a result of remarkable profits from my older shop of basic commodities like maize and wheat flour, rice, sugar and many other items, I was able to open a new shop dealing with clothes and foot wears, This shop is also profitable and I manage to make a sale of USD55 per day making a profit of USD15 per day and this is approximately USD450per month. It being one of my investments, I need some more cash of about USD285 to invest more on it so that I can move to the next step of investing more. Kindly lend some money and I will be eager to update you on my new progress. Thank you.






Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Dec 15, 2014

Repayment status


Projected term

3 months

Cost to entrepreneur

Lender interest: $286.52 at 13.95% annual rate over 3 months = $12.19

Service fee: $3.04

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