Establishing a new clothing joint

Regina Mary Ndegwa

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Regina Mary Ndegwa

Member since

January 2015

On-time repayments

289 installments  •  80%

About Me

I’m the second born in a family of eight. Since my parents didn't have enough money to pay school fees for all of us, I didn't advance much in education as I was forced by the circumstances to do odd jobs to support my younger brothers and sisters. I was employed as a tea girl in a local primary school and it’s from that job that I saved some capital that helped me start my current business of selling second hand clothes. I would want to see my children grow to become successful people who shall make a difference in other people’s lives. Besides working, I love taking a nature walk, meeting new friends and reading magazines during my free time.

My Business

My business involves selling of both new and second hand clothes for women and children. Initially I started with selling the second hand clothes only, since majority of the citizens are not able to afford new clothes but still need to look decent in their outfit. Currently, I’m also selling brand new clothes, since demand for them is slowly increasing as the purchasing power of my customers increase. It’s also an open secret that women are the highest buyers of clothes, as opposed to men. In a typical day, my incomes ranges between 20$ to 30$, and I set aside 7$ each day, to cater for my running expenses like rent for the shop, transport, lunch and several other expenses. This leaves me with between 16$ to 23$ which helps me to cater for other needs like providing food for my family, paying rent for our house, paying school fees, expanding my business and also extend a hand of help to the more needy like the kids in children homes.

Loan Proposal

Hello Lenders,
I've identified a very strategic location for opening a new, and my second clothing joint within our estate since the demand for my selection is getting higher and higher. In that new joint, the following are going to be my starting expenses:
1. Rent plus one month deposit: $200
2. Annual License from the City Council: $ 60
3. Room Partitioning: $ 50
4. Stock for the following items to start with:
-Ladies Hand bags, 20 pieces= $160
-Ladies Shoes, 40 pieces= $200
-Selection of kids outfits= $300
-Selection of Ladies dresses= $200
5. Operating capital for one month: $100

This new business will create more employment to two other needy Kenyans, who will be in a position to support their dependants as well. On top of that, i will make more income than i'm doing currently, and be able to give my family a much better decent living. With this new business, i expect my profit margin to be more than double within the next four months. Once again, than you lenders for your continued support.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$994.72

Date disbursed

Nov 5, 2017

Repayment status

On Time

Projected term

16 months

Cost to entrepreneur

Service fee: $41.99

Lenders

A

agwong

California, United States

investor

Candiac, Canada

BrassHat

Boston, United States

BelleStarr

Albuquerque, United States

cyrus0302

San Francisco, United States

YB Song

Seoul, Republic of Korea

Josua

Brittnau, Switzerland

AltruisticSelfishnes

Chicago, United States

C

CavLender

Charlottesville, United States

J

jozua

Delft, Netherlands

Ambrose

Calgary, Canada

A

anonymus

Moon, United States

T

Tallago3

Munich, Germany

R

Roman

Barcelona, Spain

Pere

Barcelona, Spain

M

mogensh

København V, Denmark

Y

Yasha

Beer Sheva, Israel

andreas

St. Georgen / Gusen, Austria

E

Elisa

Espoo, Finland

B

briansedz

Canton, Ohio, United States

G D Export

Kolkata, India

T

tmsaddress

Orlando, Florida, United States

C

chrisherron

Chicago, United States

athomas

Chevy Chase, United States

S

stevetanner

Geneva, Switzerland

gbnbca

Janeville, Canada

J

j12345

Durham, United States

Z

Zippo

Berlin, Germany

Cloudways

Malta, Malta

P

pillepalle

Osnabrück, Germany

D

danderson1953

Plainsboro, United States

AdvancingCompassion

San Diego, United States

S

SvenWaage

Stavanger, Norway

M

Mark

Melbourne, Australia

ads68

Melbourne, Australia

rfriedenberg

New Jersey, United States

P

Peksa

Espoo, Finland

R

Rachel

Vernon, Canada

T

Tui1974

nuenen, Netherlands

A

Andy

Berlin, United States

nakamura

United States

hugomesser

Blokker, Netherlands

G

glh25

Winooski, United States

fairspirit

Utrecht, Netherlands

rhagen

New York, United States

M

Marod

Edmonton, Canada

numbat

Perth, Australia

M

Moonknight

Østre Gausdal, Norway

A

AndrewC

London, United Kingdom

P

Pavane

Kungsbacka, Sweden

L

LenoMetus

Perth, Australia

H

happytrailsjpd

South Bend, United States

O

ormung13

Christchurch, New Zealand

DocHolliday

Legend, United States

mikeice

Kohler, United States

C

Clben7

Cincinnati, United States

Evan Lamos

Brussels, Belgium

D

DanielW

United States

sderickson

Berkeley, CA, United States

J

Jonas

Linköping, Sweden

B

BeachDrapers

United States

camden01

Connecticut, United States

A

adiipienaar

South Africa

N

nlane

Vietnam

H

Heroofcanton

United States

F

FSO

Canada

A

Ansgar

Australia

M

merk85

United States

T

tiojoca

Portugal

S

sarah4d2

Saint Louis, United States

smastermind

Jerusalem, Israel

mepster

San Francisco, Ca, United States

VK

Vasily Kudrin

Moscow, Russia

J

JonAlec

United States

D

Desteli

United States

H

HLCharityFund

United Kingdom

Grant Xavier Storer

Seattle, Wa, United States

T

Tim47

United States

Mimobo

Schwäbisch Gmünd, Germany, Germany

S

satheajay

United States

C

cocolo

United States

N

Nicolaas

Doha, Qatar

adrianz

United States

H

happyhappy

Switzerland

B

bwmoore

United States

reluck

Marseille, France, France

A

andreab

United States

Mike and Jacqui

United Kingdom

Jonas

Switzerland

J

Joe

United States

M

Marcus86257

United States

Dave Bogard

New York, United States

Karijn

Amsterdam, Netherlands

MW

Matt Willis

United States

Jon

Sweden

Daniel

Berlin, Germany

JD

Jo Dane

Melbourne, Australia

Elly

Woudrichem, United Kingdom

DB

Dianne Bayes

Huntersville, United States

PC

Patrick Clavette

Hartford, Wisconsin, United States

K

Katrine

Drammen, Norway

H

Hakon

Drammen, Norway

B

Britt

Venice, FL, United States

Kristin Rhodes

Kansas City, Kansas, United States

Max Lettenberger

Madison, WI, United States

KP

Kelly Partyke

United States

PG

Paul Graham

United States

Craig Newmark

United States

SH

Stephanie He

United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

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