Fabric business

Chepkemoic Carolyne

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Chepkemoic Carolyne

Member since

February 2014

On-time repayments

302 installments  •  23%

About Me

i am carolyne chepkemoi from kericho county but currently staying in mombasa county.i hold a degree in public relations. A third born in a family of four.i started my business after campus with the savings i had since i never wanted to stay idle as i looked for a job.i started with getting lessos from mombasa and selling thrm in nairobi,nakuru and kericho.after sometime i included some fabric(vitenge)since my customers were demanding for them.with the zidisha loan i know my business will grow to something bigger than it is now because i intend to also add handbags,shoes and men wear to my business.by that I'll target a larger market.

My Business

This being a personal business i will pay back with the money i make.my business is growing day after day and its very promising in my business i have constant customers that i rely on even when the period is low.i make new customers often too.The good part about my business is that most people like to make or design their own clothes.they like tailored clothes and thats why the fabric business is very nice.with the zidisha loan i can expand my business more and offer variety of goods and services to my customers.i do make 7 to 11 thousand shillings profit after i have taken out all my expenses.sometimes i get a higher or low amount according to how the market is.i make this much because the capital i put in was little but i can say it has really grown and i know it will grow bigger with time.thanks in advance and i hope you will consider my application.

Loan Proposal

With the loan i will be able to expand my business.i will be able to buy more fabrics and with the money i make from it i will pay back the loab in tbe given time.i will benefit from the loan given that i will make more customers and meet the demands of my clients.i was also thinking of adding handbags and shooes to my business but all that in due time.i really hope i will get the loan i will appreciate.Thanks in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$49.94

Date disbursed

Feb 25, 2014

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Lender interest: $49.94 at 22.00% annual rate over 1 month = $1.06

Service fee: $0.17

Lenders

E

Errol

Bradenton, FL, United States

dsmart978

Bondurant, United States

C

cranejoad

cazenovia, United States

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