Completing new clothes order

Millicent

Marachi, Kenya

100% repaid

Entrepreneur

Name

Millicent

Member since

March 2014

On-time repayments

256 installments  •  90%

About Me

I am a kenyan young woman and i went to school upto form four from there i have done jobs with contracts that do not last for more than three months at a time with the wages from these i have set up a clothes business. Occassinally i deal in cerals business as well and this is so bacause i mostly buy this produce from Bunyala which is located within Busia county this reduces transport cost thereby maximizing my profit.A loan of $850 would go a long way to boost my businessess if it can be approved.When need be i turn to friends and family for soft loans i cant go to the banks as there rates are too much for me.

My Business

I mostly deal with ready made clothes which i buy from Uganda as Busia is located at the border of kenya and Uganda, and occasionally i deal in used clothes as well at times i find my stock wanting and that is what i intend to do with the loan money that is to stock my business.my occasinal business in cereals(rice) from Bunyala can only be conducted when the prices are favourably as my economies of scale is low such loans would enable me increase the economies of scale and the combined proceeds of this two businesses will enable me to pay the loan comfortably i currently need about $850.

Loan Proposal

Being engaged in clothes business that i mostly get in orders around the festive season i have received orders that currently amount to Kes 52,000 and given my current credit limit i intend to utilize the given amount if granted to complete on this order and with the expected ruturns i will be able to repay the loan comfortably.Thank you.

Feedback

2

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$288.00

Date disbursed

Dec 10, 2014

Repayment status

On Time

Projected term

5 months

Lenders

D

Delph007

Den Haag, Netherlands

investor

Candiac, Canada

J

JLewe

Atlanta, Georgia, United States

D

Davieboy

Melbourne, Australia

rwwilson75

mishawaka, United States

F

faical

Cologne, Germany

rodcul

Altea, Spain

E

elkbrett

Bradenton, United States

J

jjonas

berlin, Germany

ads68

Melbourne, Australia

Cricketca

San Jose, United States

isabelv

Barcelona, Spain, Sweden

Matthieu

Switzerland, France

Richard Griebe

La Jolla, United States

Evan Lamos

Brussels, Belgium

J

joliver

Vancouver, Canada

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

M

Michi

Switzerland

J

jdallatezza

United States

T

tiojoca

Portugal

J

jbhernan

United States

M

M.Umar

Pakistan

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  • Millicent    Sep 4, 2019

    After receiving my last loan I invested it in the business as I had intended to do and the proceeds have not only enabled me to pay back in time but I have managed to buy a motorcycle that does boda boda (motorcycle taxi) thus becoming a second source of income to me all courtesy of Zidisha thanks lenders for your support. Hi zidisha team I'd like to get a refund of my members loan fund help kindly.

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  • Richard Griebe    Aug 29, 2019

    Congratulations on clearing your loan. It was a long slog but you hung in there and met your obligation. I knew you would make it as you always do. I am proud of you.

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  • Richard Griebe    May 31, 2019

    Thank you for your recent loan payment. I have made several loans to you and you always come through as quickly you are capable in repaying the loan. I appreciate your diligence in earning a living and paving the way for future loans by being a responsible lender. I am pulling for you! I know it isn't easy to make ends meet but persistence is rewarded.

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  • Millicent    Dec 29, 2018

    I have in my custody my niece who recently sat for her KCPE and is due for admission to form one in January I therefore need to reduce my installments to not only juggle the delicate financial situation am in but also to remain current with my instalments .

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  • Millicent    Dec 29, 2018

    Hi zidisha team i have as of two days ago made a payment of five thousand Kenyan shillings towards rave communication yet on my dashboard the amount due still remains the same did I make payment to a wrong organization ?

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  • Millicent    Jul 24, 2017

    I am currently experiencing low sales following the recent donation of free rice from the Peoples Republic of China I therefore need to reduce my installment amount in order to remain current with my payment.

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  • Millicent    Jul 4, 2017

    Hi lenders i have at last received the full amount of KES 99,000 and am continuing with my initial plan of buying and selling rice at affordable price. Thank you.

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  • Millicent    Jun 7, 2017

    I havent much to say but to thank you my dear lenders your support has improved the quality of my life greatly and i am perpetually grateful.

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  • Millicent    May 30, 2017

    Hi lenders thanks once again for your financial support i did invest my last loan in the business as i had proposed and the proceeds have not only enabled me to make repayments on time but to chip in on my younger sisters fee from time and again .

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  • Millicent    Jan 15, 2016

    Hi lenders I did receive the disbursed amount of 58,000 KES and a detailed sms of the loan fund deposit that has left me utterly contented thank you zidisha.

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  • Millicent    Jan 4, 2016

    the loans have not only made a difference in my life but also business thank you lenders.

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  • Millicent    Jul 21, 2015

    When i was appllying for the loan i had projected Kes 900 as comfortable margin for me to re-pay the loan but due to the rise in sales i think i can do better and increase the installment amount and thus retain the loan for a shorter time.

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  • Millicent    May 30, 2015

    Thank you lenders I received the cash yesternight.

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  • Millicent    May 19, 2015

    Hi lenders i appreciate the confidence that you showed me by lending me at the close of the year this was a great christmas gift and my business has stabilized with your continued support i envision myself on wings,thank you.

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  • Millicent    Mar 6, 2015

    my current loan investment has begun to payoff in a better way and I therefor see no further need for me to continue with my current installment thus I am increasing it to kes 1500.

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  • Millicent    Jan 13, 2015

    Thanks lenders i completed my orders.

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  • Millicent    Jan 13, 2015

    Thanks lenders i completed my orders.

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  • Millicent    Dec 2, 2014

    Hi how how do i aply for another loan since i have finished paying my previous loan.

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  • Millicent    Nov 18, 2014

    From the time i received the loan in august which was the offpeak season for my business i have not only got back the principal amount i invesyted in the business but have also been able to get a handsome profit, since i now have the balance of the payment i see no further need to hold the loan for any etended period.thank you lenders for your support.

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  • SeeMeeFi    Aug 15, 2014

    Congratulations, Millicent, on another loan! I'm sure your business will continue to grow.

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