Expansion of business

Elizabeth

Ruiru, Kiambu County, Kenya

100% repaid

Entrepreneur

Name

Elizabeth

Member since

July 2014

On-time repayments

268 installments  •  67%

About Me

I am a hardworking lady who loves her family and loves doing business. I believe that business is very important in the growth of every country. Additionally the more people are in business, the lower the unemployment rate becomes. I thank God for Zidisha which is a great platform for budding business people.

My Business

I started my business about three years ago with an initial capital of Ksh150,000 ($1726) it entails reselling of both men‘s underwear and socks as well as women‘s underwear .The business accrues a monthly income of Ksh25,000 ($288) in sales and a net profit of about Ksh9,000 ($104).My monthly expenses include rent for the business premises and salary for my one employee all totaling to Ksh15,000 ($173) .My business projections for the coming years is to expand it to a larger one with huge variants of products to counter the costs I encounter. I want to also want to create more jobs to the community around by employing a few more personnel.

Loan Proposal

Wow first and foremost i want to bring my great gratitudes here, zidisha has prove to be the best organisation so far, since I started getting funds here in 2014 it has never failed me and I've seen tremendous change in my line of business iam more disciplined with my expenses knowing I have a loan to service I became more focused, thank u the entire Zidisha crew, when I was applying for the 1st loan I started with 7000 n the one I cleared recently was 90000 that to me is growth, I appreciate the kind and generous lenders who have offered to change lives thro their generosity I promise to always be faithful,I started with a small shop for undergarments I grew to two shops then I took a step higher by buying in bulk which comes cheaply giving you good profit, then I opened another recycle business, the reason to apply for this 134000 loan is to expand the business where I buy in many bulks for good reruns like if am able to buy things worth 150000 by the end of the month I get 50000 in one shop, the other 30000 so far iam able to employ three people.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$1,364.00

Date disbursed

Sep 2, 2016

Repayment status

On Time

Projected term

11 months

Lenders

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

DM

Dimitri Malarme

Brussels, Belgium, Belgium

Thomas

Sweden, Sweden

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

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

Loading...

Loading...

Loading...