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 16 handbags(three in one) which will cost 300 dollars.I will use 30 dollars to pay a commercial photographer to take photos of the products and edit them.The remaining 30 dollars will be used for online advertising via Facebook. 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

$462.00

Date disbursed

Jun 16, 2017

Repayment status

On Time

Projected term

3 months

Lenders

J

jeffb

United States

C

CWS

Huntington beach, ca, United States

HI

Highly Improbable

Saskatoon, Canada

Kylie

Mount Martha, Australia

C

chkuo

Taipei, Taiwan

YB Song

Seoul, Republic of Korea

korben

VILLENAVE D'ORNON, France

P

PlutusNOR

Trondheim, Norway

T

Tallago3

Munich, Germany

AF

a f

washington, United States

T

timdever

Batesville, United States

RemyWay

Phoenixville, United States

Y

Yasha

Beer Sheva, Israel

F

fisaire

Ithaca, United States

SeeMeeFi

Ontario, Canada

Z

Zippo

Berlin, Germany

lorello

Vicopisano, Italy

J

JoeSolar

Virginia, United States

Namaste250

Pittsford, United States

southcentral

Zürich, Switzerland

G

Goodwill

Oakland, United States

danielytao

Boston, United States

S

Sergio

Boise, United States

E

edgreig

Brixton, United Kingdom

W

WellingtonPFClass

Columbus, Oh, United States

fairspirit

Utrecht, Netherlands

MDILLENB

Aschaffenburg, Germany

T

TurgayAlihos

SOUTHBANK, Australia

TimK01

gfhj, Moldova

Patrick

Berlin, Germany

J

JohnH

Livonia, Michigan, United States

ShaneS

Port Pirie, Australia

J

jasontoheal

Geraldton, Australia

Anto82

Eraclea, Italy

Rena121

Sydney, Australia

L

lewisfamily

Bicester, United Kingdom

tonnyschonewille

Maastricht, Netherlands

Mrdressup

Brisbane, Australia

meyerraf

Cedar Rapids, United States

E

E

Marin county, United States

M

mzhope

Harrisburg, United States

M

mibrahim51

Mountain View, United States

Evan Lamos

Brussels, Belgium

S

SanderBeckers

Brussel, Belgium

B

Berkeley100

Berkeley, CA, United States

Paul Buchheit

Mountain View, United States

S

Samhall8

Brandon, Canada

C

charleen

United States

J

jsbisa

New Orleans, Louisiana, United States

Gipsy

Munich, Germany

TyWee

Manila, Philippines

SV

sven vdk

Twickenham, United Kingdom

D

ddm08

United States

D

djlayton4

United States

S

Stephan

Netherlands

E

Erich

Zurich, Switzerland

Ben Triola

St. Louis, United States

Karijn

Amsterdam, Netherlands

Jerome

Switzerland

C

Chitti421

United States

Glenn K

Victoria, Canada

KO

Kevin OBrien

Denver, CO USA, United States

Kristin Rhodes

Kansas City, Kansas, United States

EB

Erica Brescia

United States

Paul

Seattle, United States

C

cota

United States

ME

Manaal Eisa

Washington DC, United States

F

Frits

Rotterdam, Netherlands

PG

Paul Graham

United States

A

Andrei

United States

Wayne G

United States

R

Ryan

United States

MT

Marco Tietz

United States

GT

Geoff Tucker

United States

Gabriel Fenili

Santo André, Brazil

Derek Haney

New Orleans, United States

Joelle Steiver

Brumunddal, Norway

R

Richard

Netherlands

AC

Aaron Curtis

United States

JC

juli camrud

United States

A

Ashley

United Kingdom

E

Erika

Ontario Canada, Canada

A

Amy

United States

J

Jo

United States

BW

Betty Waweru

United States

K

Klasi

Germany

Jes-c

United States

johannes

Taipei, Taiwan

Raymond Murphy

Carson Valley, NV, United States

K

Katharina

Germany, Germany

Craig Newmark

United States

E

Erik

Frankfurt/Main, Germany

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

ES

Evan Simons

United States

Geoguillot

California, United States

MP

mark ptak

United States

E

Ejvin

United States

SS

Sara Sobota

United States

Manayon Domingo

San Miguel Guimba, Nueva Ecija, Ph 3115, Philippines

Perlita Domingo

San Miguel Guimba, Nueva Ecija, PH 3115, Philippines

TK

Thomas Kramer

Canal Winchester, United States

M

Maddie

Sydney, Australia

EC

Edward Conrads

San Francisco, United States

K

Kara

United States

PS

praful shah

United States

MH

Meika Harris

United States

S

seahillpark

United States

ES

Erik Sjoeland

United States

GC

Gabriel Collins

United Kingdom

France

W

Will

United States

Paul Buchheit

Mountain View, United States

F

Flora

Hungary

A

Alex

United States

JB

Jane Bean

United States

Nethanel Kohen

NYC, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

ST

Sarah Turner

United States

TW

Tom Wiegand

United States

SB

Sanda Balaban

United States

JF

Jon Freach

United States

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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