Capital for buying new stock(handbags)

Lorna

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Lorna

Member since

August 2016

On-time repayments

166 installments  •  52%

About Me

I am a graduate from Kenyatta university Kenya with a bachelor's degree in special education.Normally i would have pursed a job inline with my course but as fate would have it, i decided to follow my passion.I have a great interest in fashion and trends.I have previously worked as a sales person and a marketer and i discovered i had good negotiation skills and most times i would close my conversations with a sale.Therefore i decided to try selling women's handbags and alas the venture was a success.I have since sold more than 60 handbags this year.I do this by marketing myself online through my Facebook page.Moreover am working on opening an Instagram account to reach more clients.I do not have a shop and i am certain if i have one, it will be a great boost for my business as it will enable me to stock clothes and shoes.

My Business

I majorly sell women's handbags.They are a three piece collection in other words 3 in 1.I normally get them from a supplier who ships them in Kenya through Kampala.I have not been able to import the bags myself due to limited capital.
The bags are marketed online through my Facebook page, Bags Emporium where i engage with customers and henceforth do free deliveries.I also rely on whatsap to showcase the products and it has been a success for two years.
Apart from this, i do online academic writing and this helps me to sustain myself and would assist in loan repayment.

Loan Proposal

My business operations are mostly carried out online via Facebook.I always take and edit photos of my products after purchase and upload them on Facebook via my marketing page;Bags Emporium.Since i do not have enough money to directly import the goods, i solely rely on our local importers.If I get this loan, I will use 80 dollars as fare for travelling to and fro my supplier who is at the coast of my country(MOMBASA).My target is 40 handbags(three in one) which will cost 880 dollars.I will use 33.3 dollars to pay a commercial photographer to take photos of the products and edit them.40 dollars will be used for online advertising via Facebook while the remaining 40 dollars will be used for delivering to individual customers to where they are as per their orders. I will keep you informed of the progress.You can also take a look at my Facebook page:Bags Emporium!
Thank you!

Feedback

1

None

None

  • Allie    Sep 11, 2017

    Congratulations Lorna, on your business and making all repayments on time!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,064.00

Date disbursed

Oct 4, 2017

Repayment status

On Time

Projected term

6 months

Lenders

C

Christian

Saarbruecken, Germany

J

JenJen

New York, United States

Y

yop324

Ottawa, Canada

W

Witlof

Tsukuba, Japan

cyrus0302

San Francisco, United States

T

Tec69200

Jacksonville, United States

AndreaBravi

London, UK, Canada

T

Tallago3

Munich, Germany

Pere

Barcelona, Spain

J

Jessica

Patagonia, Argentina

M

mason243

Denver Colorado, United States

C

chrisn

Egg, Switzerland

T

tommmart

Seattle, WA, United States

A

anonymous123

United States

V

vaglio

Vaglio, Switzerland

GV1986

Milano, Italy

Cloudways

Malta, Malta

Namaste250

Pittsford, United States

G

Goodwill

Oakland, United States

B

BClay

Campbell, United States

ads68

Melbourne, Australia

Ingela

Falun, Sweden

A

Andy

Berlin, United States

G

glh25

Winooski, United States

fairspirit

Utrecht, Netherlands

K

kikusin

Shanghai, China

H

HomesteadSchool

Glen Spey, United States

neocodesoftware

vancouver, Canada

mojobob

Hayward, United States

T

ThereIsNoGod

Singapore, Singapore

C

cranejoad

cazenovia, United States

Richard Griebe

La Jolla, United States

NedRyerson

Munroe Falls, United States

B

bwitt

Berkeley, United States

Evan Lamos

Brussels, Belgium

MalcolmL

San Francisco, United States

K

Kudrnova

Czech Republic

C

ColoradoEmac

United States

TyWee

Manila, Philippines

K

Keith

Luxembourg

M

Medagan

San Franciso, United States

SV

sven vdk

Twickenham, United Kingdom

PolarBearCapital

United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

Gab

Singapore

Elias

Ulm, Germany

Jake Badger

Roskilde, Denmark

C

Chitti421

United States

JS

Johan Steen

Malmö, Sweden

Kevin

San Francisco, United States

ME

Manaal Eisa

Washington DC, United States

CNV

United States

Pedro R-C

Cambridge, United States

PG

Paul Graham

United States

Aran Dunlop

United States

Paul Smithson

Leeds, United Kingdom

A

Andrei

United States

E

Enda

Abu Dhabi, United Arab Emirates

Cliff

United States

AO

Ahana Ogle

United Kingdom

R

Ryan

United States

Carlo Cruz

Cincinnati, OH, United States

KH

Kathryn Hawks

United States

EthicalHost

Toronto, Canada

PR

Priscilla Rathbone

Seattle, Washington, United States

DK

Danny Kelly

United States

L

LuZi44

Basel, Switzerland

I

ixeldog

atlanta, United States

JA

Jan Andresen

Hamburg, Germany

Rick

United States

Ryan Keller

Hong Kong, Hong Kong

Martin Kraus

Traiskirchen, Austria

Craig Newmark

United States

RR

Rory Rohloff

United States

SH

Stephanie He

United States

M

Mark

Toulouse, France, France

MS

Mona S

United States

Haroon S

United States

M

Mack

Harbor, Oregon, United States

Philipp Lehmann

Zurich, Switzerland

R

RMIM

United States

DW

Dan Winetsky

United States

WC

Walter Clarke

Phoenix, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

ZS

Zach Silveira

Asheville, Nc, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

R

Ruxandra

Czech Republic

MW

Matt Winkler

United States, Canada

L

lysander

Australia

AP

Ariel Pollak

United States

LM

Lee Montecucco

Washington State, United States

AJ

AJay Jacobs

United States

K

Khoa

United States

JS

Jason Shea

United States

PA

Peter A

New York City, United States

Sadie Weiss

Knoxville, United States

J

JB

Germany

HL

Harris Lin

New Zealand

M

Mika

Switzerland

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

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  • Lorna    May 14, 2023

    Hello,
    I would like to change my repayment schedule so as to get enough time to gather cash and clear the remaining balance.

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  • Lorna    Aug 19, 2019

    I wish to reduce as I am facing financial constraints

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  • Lorna    Jun 19, 2019

    loss

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  • Lorna    Apr 26, 2019

    Greetings!
    Working hard to repay the loan.
    Thanks for your understanding!
    Really appreciate!

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  • Lorna    Mar 15, 2019

    I made payments but I put my name as account number, please review

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  • Wekesa Juma    Nov 12, 2018

    when i talked to her she said that she will pay the loan

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  • Lorna    Sep 7, 2018

    Dear lenders,
    I am so sorry for the late repayments as it is not my doing.
    I invested all the money in a chicken business, the chics are now two months old.
    I have to wait for 4 other months for them to grow so as to make a profit.
    I will repay all the loan.
    I really hate being in this financial state.

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  • Wekesa Juma    Aug 28, 2018

    she promised to repay the loan

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  • Lorna    May 30, 2018

    Thank you lenders for the loan

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  • Lorna    Apr 10, 2018

    I would love to increase the instalment and clear this loan as I have sold all my handbags and made a huge profit margin.
    Thank you lenders!!

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  • Lorna    Jan 22, 2018

    Hello lenders and Zidisha team. It's a new year and I hope you all are well. This year has started on well and I am grateful to God. From the loan I was granted,I have been able to purchase the handbags I wanted for resale. Below is a picture of me doing door deliveries. I do this meanwhile as I strive to work hard and expound my business and probably would purchase a vehicle to move around in future. Thank you so much my dear lenders for taking the initiative to help me. May God bless my hustle.

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  • Lorna    Nov 22, 2017

    Hello lenders,This is a sample picture of the bags I managed to purchase with the $1070 loan you gave.
    I decided to go for African prints handbag so that I could explore different customer preferences and I must I say that the venture was a success.
    Currently I have manged to sell 30 of this handbags at a profit of $8 per bag.This is enabling me to clear the loan quickly as you can see from my repayment rate.
    Business is not "business"as usual though because of the political nature of our country. There are days that we are just indoors afraid of going outside because of tension.This has adversely affected my sales.But I am optimistic that things will be back to normal soon.
    Warm regards,
    Lorna.

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  • Bernard    Oct 2, 2017

    I am a web designer too maybe you can at will talk to me I can make you a website to help you do a better online marketing through a commercial website.

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  • Bernard    Oct 2, 2017

    Hi, I am so inspired by you my mentor. U really doing a great job with an encouraging loan limit. I am behind you doing equally good currently my loan limit has grown up to $300.with a good onTime repayment of 96%.
    I am just pleased with your profile

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  • Lorna    Sep 28, 2017

    Thank you lenders for your continued support!

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  • Richard Griebe    Sep 25, 2017

    Hi Lorna,
    I am very impressed with your loan application and the way you posted a sharp self photo with a pleasing background. This says a lot about how you also would run you business. It makes me happy to support your enterprise even that is is a small loan. You are destined for success in whatever you pursue. I will enjoy watching your business grow as you make your way through life through hard work and smart decisions.

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  • Lorna    Sep 21, 2017

    Hello Lenders I am very grateful for the initiative you undertook to assist with my previous loan.I took a loan of $461.91.Out of these, I managed to use $80 as fare for travelling to the coast of my country to purchase the bags.The number of handbags I managed to purchase were 16 and they were three in one.The total cost for this purchase was $300.After this I sourced for a commercial photographer who took eye catching photos that would appeal to customers.Since I don't have a strategic shop where customers can come and shop, I majorly rely on Facebook to market my products.My Facebook page had 1,500 likes before i got the loan, but after I was loaned, I conducted Facebook marketing at a fee of $30 dollars and the likes were able to shoot to 2202.My customers majorly order online and since I am sill trying to establish myself, I always deliver the bags door to door at their orders.I managed to sell all the 16 handbags at a profit of $8 per bag and some of that profit helped me to clear the loan faster.Below is a sneak peek of my facebook page that I use for marketing.
    Thank you!

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  • Lorna    Aug 7, 2017

    Hello lenders this is a sample picture of some of the bags I purchased. The loan has enabled me to purchase 16 handbags.I have sold 14 of them currently remaining with two. I have made a profit of 8 dollars on each bag. I am grateful for the help you offered me.
    Warm regards.

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  • Lorna    Aug 7, 2017

    I Wish to increase my instalment amount because I was able to purchase the bags:sold them and made profits.

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  • Lorna    Jun 13, 2017

    Thank you so much lenders for the loan.God bless you I really appreciate!This loan will help me to travel and purchase 16 handbags at wholesale price, advertise them online and transport the products to individual consumers.

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