For direct sales of second-hand clothes in an open market

Mary

Nakuru, Kenya

35% repaid

Entrepreneur

Name

Mary

Member since

July 2014

On-time repayments

292 installments  •  9%

About Me

My name is Mary Boro, aged 24 and a single mother of one beautiful young lady.I was born in kenya, Nakuru county and raised in the outskirts of Nakuru while schooling at a tender age. I`m the first born in a family of six.I finished my O` level studies in 2008 and joined a collage of secretarial but dropped out one year later due to lack of school fees.
While at home I thought of an idea and started small farming where I planted kale's (Sukuma wiki) as it`s commonly known locally.People from my area liked my produce so much because I used composed manure which is biodegradable and I made it personally.Due to climatic changes, I was affected terribly that all my crops died leaving me with no choice but to look for an alternative business.
With the small capital which I had saved,I decided to venture in the sale of second hand clothes which my friends assisted me set up.I moved nearer to the Nakuru town and started purchasing in small quantities and selling them as I create good customer relationship with clients.I made customers everyday.I was able to construct a small stall to hang the clothes on which was good with publicity hence attracting more clients.
It`s due to the increased demand from my clients that made me figure out where I`ll get financial support ,coincidentally , a friend of mine informed me of this zidisha organization and I got interested.
He told me how the organization has changed his life and many other people.I finally requested him to guide me what next.
I now request the organization to consider my request as I want to boost my stock and expand my business to achieve my dreams in life.I have plans of going back to school in the near future for part time studies once my business stabilize.During my free time I make new friends and enjoy traveling.

My Business

My source of income currently is from my daily sales and orders of smart second hand clothes.I managed to open another Stall during my first loan term.These clothes I buy locally in whole sale and also sell them locally.This has even saved me expense of traveling far in search of small quantities. There is demand for my clothes because of huge relationship- with friends,church members,former school mates including passers by.
Regardless of competitive business in the market, my customers still come back due to strong bond between me and them.
Profits are made when costs are subtracted from Revenues.My monthly cost ranges at around $90 with more expenses reduced and a good revenue of averagely $150.
I`m in some small business groups where we practice merry go round on a weekly basis and I can get funds to repay the loan.
I believe second loan will enable me stabilize my business returns.

Loan Proposal

When I get this second loan, I plan now to expand on my new stall since I own two stalls courtesy of first loan. I also plan to ensure most moving clothes with high demand are given first priority.
I will take advantage of the forthcoming festive season of Christmas and ensure I have attractive stocks which can sell massively.
My customer segment actually buy more clothes during holiday season like the one we are approaching. I at times make 100% profit. This time round, I believe it shall be more if I receive this second loan.
I also look forward to ensuring my repayment is prompt to the later.
Thanks on advance.

Feedback

1

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Loan Info

Project Type

Classic Loan

Disbursed amount

$318.00

Date disbursed

Oct 22, 2014

Repayment status

Late

Projected term

65 months

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joaoferraz

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KiraDee

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With a little help

Groningen, Netherlands

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Alberto Cereser

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Ask Mary 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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  • Mary    Apr 5, 2015

    hi lenders, am continuing to reconstract my self with the business and all my bills. business is still down but as soon its arise am going to rise my payment thanks

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  • Mary    Mar 17, 2015

    hi lenders since January at Nakuru county things r tough for business ladies and men.Am still trying as much as i can because its still hard for me survive even as much as getting my meals.. i will pay the amount of 2000ksh monthly starting 31st march 2015.

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  • Mary    Mar 17, 2015

    hi lenders
    on 31st march i will pay the total amount of 2000ksh.

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  • Lawrence    Feb 27, 2015

    hi lenders
    Mary is working on paying the arrears..

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    • Mary    Mar 17, 2015

      hey lawrence thenx am rlly trying my best to pay back the money that is paying monthly

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  • Mary    Feb 25, 2015

    i promise i wont fail to pay when end month reaches and i know you will understand my situation. Am working to be saving everyday as little as i get by end month i will be sending money and at the same time be able to settle my bills. please understand me and i will try to keep a good record with you. Thanks alot

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  • Mary    Feb 25, 2015

    hey lenders once again am sorry for delaying paying the money as i said things r getting tough here at Nakuru, the business is very down. its hard for me be paying the money weekly because the sales are very down. Along with my daughter plus the rent and my bills its getting hard with the business operating slowly. i urge you lenders to understand me because i also want to keep a good relation with you. i want to be paying my money monthly that is end month starting march 2015.That way i will be having time to save and plan myself well and be able to be sending money and been able of paying my bills. I hope you will understand me fully as i am single with my daughter and business failing to operating well is not well for me.

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  • Mary    Feb 20, 2015

    hey lenders, things are not good here at Nakuru. the business is still not in normal state because people have not settled back to work. the construction is still going on. am still trying my best to continue paying the loan and hoping to keep a good relationship with you.

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  • Mary    Feb 3, 2015

    hey my lenders am still going on with the construction and also back on paying the loan. the construction is going slowly i will settle down to work after its fully complete. Thanks big team zidisha for understanding.

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  • Mary    Jan 20, 2015

    new market location.

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  • Mary    Jan 20, 2015

    at the site of my construction of another new store after re location.

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  • Mary    Jan 20, 2015

    due to demolition of my store, have not been selling my clothes since 1st January. am having hard time to pay my bills and still on with the construction of my new store.i urge you to bare with me for now.but as soon as am through with my construction and resume my normal duties i promise to uplift my payment again.

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  • Mary    Jan 9, 2015

    Apologies of having not payed my weekly amount to zidisha account,it has delayed due to the county government of Nakuru that swept away our stores on 29th December last year taking away the stoke that was inside.They claim of having notified people to vacate the place for the expansion of the highway. We never received the notice from them.More than 3000 people have been affected me included.Apologies of not having paid and not notifying you at the same time.Am half way to bringing my stoke back and move to a nearby store that i have constructed.Kindly i request that you give me two weeks to reconstruct myself and start paying my loan as usual.Apologies once again.Hope you understand what am going through

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  • Mary    Oct 23, 2014

    my success is zidisha success,continue with good work of eradicating poverty all over the world .Bravo.

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  • Mary    Oct 23, 2014

    wow,have been funded for the second time,my dreams are great for this funds having in mind that we are approaching festive season. am going to increase my stock of customers segment and boom to yarn more profit .thanks to all my lenders and zidisha family at large.

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  • Mary    Oct 20, 2014

    i just love reading the motivational quarts of lenders and on how they came about to just assist those who are in need.may the almighty Lord bless the work of your hands as you continue helping those in need o rather

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  • Mary    Oct 20, 2014

    Patrick,don't loose hope. you will be funded be leave me. just keep on biding to lenders,and it will be done.

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  • Mary    Oct 20, 2014

    thanks Dusty, am happy to join zidisha and now its my second family...

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  • dust    Oct 20, 2014

    good luck to you

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  • Mary    Oct 17, 2014

    Thanks to zidisha for your support.Lenders,I thank you all and I believe I shall grow big business.

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  • Mary    Oct 10, 2014

    evry day is a brand new day to my store,having in mind that this was the help of zidisha that keeps me going. what seamed like a dream to me now i live to expellience even more.i just bought a new umprella to cover my cloths from rains and strong rays of the sun.thanks to my lenders hop to fly.

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