156 installments • 30%
My name is Angelah Mureithi,i hail from Thika district Kiambu county.I started my business since the cost of living is really high and i have a kid i need to provide for.My son is 5 years old and needs healthcare a decent education and food.also having come from a not so well back ground,i would not want my son to lack the basic needs in life.My business involve selling handbags and shoes. by word of mouth and from one office or home to another. I'm planning on opening an office where i can put my displays and thus expanding my market and clientèle being funded by zidisha i know i will achieve my dream of expanding my business.thank you
Apart from by business im also in formal employment.working as an accountant in a small firm.my main income comes from my business though since i supply quality handbags to my client go for my bags from Kampala and sell in the local market.I would also want to add the wholesaler in my list of clients since thats a larger market.I believe bags is a good venture since the modern woman is now so into classy bags esp the modern working woman.A nice bag paired with a matching shoe will lift any outfit from bad to good.However there are risks too which include buying an old fashioned bag which will remain as dead stock or been caught up by fashion changes.so it requires me to keep tabs of what is new
First i would want to thank Zidisha management for coming up with this noble idea where we can access funding and also those who lend to us.By getting the amount will help me expand my handbags business and open a display office where my clients can view the bags and matching shoes.This will also help in attracting new clients that i may not reach via word of mouth.It will also enable me get more stock to add on to the existing stock.This will increase my clientèle base and this will mean more income.
Jan 14, 2014
Cost to entrepreneur
Lender interest: $250.08 at 8.52% annual rate over 4 months = $7.79
Service fee: $3.23