Expansion of business

Elizabeth

Ruiru, Kiambu County, Kenya

100% repaid

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How it Works

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

iam so grateful to all who funded my first loan,it did wonders to me and my family,iam here requesting for more money to go big and employ more people,i want to buy in bales where ill expand my profit margin,i want to go into wholesale and retail.