Capital to buy new stock of handbags

Lorna

Nairobi, Kenya

2% 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

Hello lenders this is my fourth loan and I am really grateful. I am planning to purchase 40 three in one handbags at a total cost of $22 per bag. Since I don't have a strategic shop where my customers can come and purchase. I market the products via Facebook.For the advertisement, I will spend $200 to pay for online advertisement and branding. I will spend the remaining $398 for transportation and door to door deliveries. The profits I make for this venture will enable me to clear the loan on time.

Feedback

1

None

None

  • Allie    Sep 11, 2017

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

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$1,457.00

Date disbursed

Jul 9, 2018

Repayment status

Late

Projected term

21 months

Lenders

BrassHat

Boston, United States

JonB

London, United Kingdom

GuillaumeTeissier

Montréal, Canada

J

jsbisa

New Orleans, Louisiana, United States

TyWee

Manila, Philippines

A

AER

Germany

Eugen Stamm

Zurich, Switzerland

Mary

Germany

Paul Buchheit

Mountain View, United States

Mark Rowlatt

Peterborough, UK, United Kingdom

petter

Finland

FP

Fred Pratt

United States

DY

David Yang

Vancouver, Canada

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

Please log in to comment.

  • 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.

    Log in to reply • Share
  • Lorna    Aug 19, 2019

    I wish to reduce as I am facing financial constraints

    Log in to reply • Share
  • Lorna    Jun 19, 2019

    loss

    Log in to reply • Share
  • Lorna    Apr 26, 2019

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

    Log in to reply • Share
  • Lorna    Mar 15, 2019

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

    Log in to reply • Share
  • Wekesa Juma    Nov 12, 2018

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

    Log in to reply • Share
  • 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.

    Log in to reply • Share
  • Wekesa Juma    Aug 28, 2018

    she promised to repay the loan

    Log in to reply • Share
  • Lorna    May 30, 2018

    Thank you lenders for the loan

    Log in to reply • Share
  • 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!!

    Log in to reply • Share
  • 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.

    Log in to reply • Share
  • 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.

    Log in to reply • Share
  • 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.

    Log in to reply • Share
  • 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

    Log in to reply • Share
  • Lorna    Sep 28, 2017

    Thank you lenders for your continued support!

    Log in to reply • Share
  • 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.

    Log in to reply • Share
  • 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!

    Log in to reply • Share
  • 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.

    Log in to reply • Share
  • Lorna    Aug 7, 2017

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

    Log in to reply • Share
  • 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.

    Log in to reply • Share


Loading...

Loading...

Loading...