Selling second-hand clothing and beauty products

Scholastica Ntarara

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Scholastica Ntarara

Member since

June 2015

On-time repayments

367 installments  •  100%

About Me

I am a 28 year Old Born in Meru. I schooled for both my primary and secondary education in Meru and later joined Mt. Kenya University in Thika Town where i did Diploma in Community Development and Social Work graduating in 2013. My family were not in formal employment in fact they were struggling to bring us up and seeing all they went through to provide for us and make sure we went to school i promised to give it my best and make sure i do well in my education. After my graduation i moved in with my boyfriend who in September 2014 gave me about $200 to start a business since getting employment was not easy. I invested the whole amount in second hand cloths and beauty shop and i am now happy trying to grow my business. We are blessed with two children a girl who is 7 years and a boy who is about 2 years now.

My Business

Since i was young i liked being neat and while in school i would always look for unique items to put on. It was from this and after sharing my idea with my boyfriend who had also noticed my liking for beauty products that he decided to fund me with about $200 to start a beauty shop. I started small where i bought some few beauty products combined with ladies second had clothes. Due to my commitment and passion for this line of business it has been growing at a commendable pace. My customers like me and my husband also likes visiting my shop because he say he finds me funny selling and negotiating prices with my customers.

Loan Proposal

My intention is to continue expanding my Beauty Products and Second Hand Clothing Shop. I will spend the loan amount as follows; $250 to boost my beauty products and the balance of about $123 to bring more stock of second hand clothing. My target is to see my profits grow by about 10% before the close of this year. This will see my life together with that of my family continue to flourish and will also be in a position to give something back to my community.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$385.01

Date disbursed

Apr 17, 2016

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: $15.88

Lenders

Paul Buchheit

Mountain View, United States

SuperMario28

Cudahy, United States

The Zinc Team

San Francisco, United States

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