Gifted beauty second hand clothes

Gift

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Gift

Member since

August 2015

On-time repayments

53 installments  •  60%

About Me

I am a 22 year old university student. I am from a poor family, hence i am raising my fees through my small business. I operate an m-pesa and a cereal shop as well as typing services. Apart from the shop, I also trade on second-hand clothes popularly known ass Mitumba in Kenya. After i completed form four in 2012, i was employed in an a shop where i earned ksh 5000 pa month. I saved 2000 per month and invested in the charcoal and fish business which helped my own my first shop in 2014. After I joined University in 2014, i learned computer basics on my own and started using the skills to earn myself some income. Currently, I type articles for different clients and make at least 500 bob per week. I have been able to buy a computer and start typing services in my stall. Apart from expanding my stock of clothes, I also plan to increase my clothing sales so as to be able to start a cyber cafe mid-next year.

My Business

My business is retail. I sell cereals and operate an m-pesa shop. Much of my finances are through savings since i have not been able to get any loan from any organization. I also typewrite and offer other writing services. I mostly use the income from typing to expand my shop. I am also engaged in charcoal and fish trade but this, I do on demand. With the Kes 400 loan i received from Zidisha, i bought a stock of mitumba clothes which i have been selling. Since then my capital for mitumba clothes has risen to 2000 and i have managed to repay the borrowed loan. Zidisha is empowering me and I wish to go greater heights. Zidisha is helping me realize my dream. I have now discovered that am making a substantial amount from selling clothes. Hence, I intend to gretly increase my stock of second hand clothing. This will enable me accumulate enough profits to start a small cyber cafe because due to the increased cost of living in Kenya, an unemployed person like me cannot depend on a single line of business.

Loan Proposal

with the 630 I will buy additional stock of clothes which will increase my sales substantially
the money is enough for 6 trench coats each going at Kes 100 after which i will sell them at 250 each, giving out a profit of 150 p'er coat
Given that i normally sell three coats p'er day, my profit will increase, hence i will be able to repay back the loan and finance my personal needs such as stationery for my studies
Therefore, the money will not only improve my business but it will also help support my education which is very important to me yet i am facing financial' difficulties

Feedback

3

None

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  • Margaret    Jun 26, 2018

    Gift made steady repayments on his loan and is working hard to improve his business.

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  • Margaret    Jan 16, 2018

    The loan was paid off perfectly!

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  • Margaret    Nov 10, 2017

    Gift paid his loan back in a timely manner, I would gladly lend to him again and encourage others to do the same.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$7.00

Date disbursed

Sep 16, 2017

Repayment status

On Time

Projected term

7 weeks

Lenders

M

Margaret

United States

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  • Gift    Sep 12, 2018

    Greetings lenders. I am glad Zidisha has made me a businessperson. With the loan that I last received, I was able to increase my stock and subsequently the profits. Added to this was the fact that the loan was a booster, in terms of helping me cover business expenses such as rent payment for my business stall. Without the money from Zidisha, it would have not been easy for me to transform from hawking to the extent of opening my ow stall.
    The loan i received from Zidisha not only helped me expand my business but it also taught me why it is important to save. With the weekly installments that I was expected to pay throughout the repayment period, I was able to develop financial consciousness in my operations, Thanks to Zidisha. The loans from Zidisha make me become responsible in a great way.

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  • Thaddeus    Aug 1, 2018

    I have just spoken to Mr Arodi who said that the business has been down for sometimes but currently picking slowly and would starts repayments of his loan next week.

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  • Gift    Jun 3, 2018

    Greetings lenders. Its unfortunate that I am requesting to reduce the installment amount. However, to me this is the best move because right now I am unable to pay the whole amount as required. Business has been quite low and given the fact that i just paid for my business permit last month, my savings have greatly reduced. Am kindly appealing to you to consider my request because my aim is not to default the payment of the loan but rather pay it on time. Thank you in advance

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  • Thaddeus    May 25, 2018

    Hi lenders, I just spoke to Gifted Arodi, who promised to repay his overdue loan tomorrow 26th May 2018 without failure.

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  • Gift    Apr 27, 2018

    Thank you lenders for the Kes 1890 loan I received. I am glad that at least I will be able to add stock into my business. I am very thankful for your assistance

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  • Gift    Apr 24, 2018

    Greetings kind lenders!!. Am writing to let you know that I am very grateful for the previous loan. I must apologize for repaying the loan on time. I was unfortunate enough when I was involved in a minor accident and broke my leg. This interfered with my business, but luckily, the additional stock I had purchased using the funds from Zidisha helped me beat the odds. Even though I was unable to get new stock, I was able to take care of my hospital bills and even repay the loan, though late. Thanks to Zidisha,

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  • Gift    Apr 3, 2018

    Greetings my lenders. It is very unfortunate for me that this time i have taken much longer time than usual to complete my loan. on 23rd March 2018 at around 8;30 pm, i got involved in a minor accident on my way from my business. Unfortunately, the lower part of my right leg got a fructure and i was forced to bedrest for recovery. Due to that incident, i have not only been unable to repay my loan but i have also been unable to continue working because of the pain in my body.
    The current lectureres strike has also left me hopeless because most of my clients who happen to be my fellow students at the campus do not go to school. However, I am aware that i owe you a lot and am working towards settling my debts. Kindly feel assured that i am trying hard to raise money to repay the loan. Currently am recovering well and am almost coming back to my normal state. Zidisha has done so much for me that I cannot fail to honor my debt. I am therefore humbly requesting you to accept my request with the belief that soon enough, i will clear the whole amount remaining. Thank you once again for being patient with me.

    kind regards- Gift Arodi, Nakuru Kenya

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  • Thaddeus    Mar 26, 2018

    Hi lenders, i found Mr. Arodi who told me that he got involved in road accident which left him nursing fractures on his feet, hence the stop of business. subsequently he said that he has some improvements and would soon start repaying of his loan.

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  • Gift    Feb 7, 2018

    Thank you my lender for lending me Kes 2800. I received the amount and used it to upgrade my business in terms of stock. I bought a pack of second hand clothes which i am currently selling. I hope that from the additional stock, my sales are going to increase. Thank you once more lenders for giving me a path to success

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  • Gift    Jan 26, 2018

    Thank you my lender for having Faith in me once more.I will definitely add stock to my business.This loan will not only help improve my business buy it will help me save money for my tuition fee.. Thank you

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  • Margaret    Jan 25, 2018

    Hi Gift,
    I am happy to hear the previous loan had such an impact on your business, that is great news. I hope this new loan brings you to a higher level yet! Regards, Margaret

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  • Gift    Jan 23, 2018

    The last loan i received from zidisha took my business to a higher level. I increased my stocks and gave my place of business a fresh and attractive new look. The results have been profound. The increased capital have increased my business savings since i took the last loan. In addition to that, i managed to repay the loan in time and purchase a huge amount of stock such like that i have never done before. My personal life has also been fruitful thanks to the increased profits. Thank you lenders. I hope to work with you in the future

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  • Margaret    Jan 16, 2018

    I am happy to hear you had a successful festive season! It is good news you were able to save too. Best of luck to you as always!

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  • Gift    Jan 4, 2018

    I used my loan to purchase additional stock of second hand clothes.Because it was a festive season, I was able to improve my sales. The additional sales has enabled me to maintain my business and repay my loan on time. In addition, I have now opened a genuine savings account just for my business. With Zidisha, I see a future. Thank you lenders

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  • Gift    Nov 16, 2017

    Thank you my lender for the loan worth Kes 1796 I received. As i said before,i will use that money to expand my business by purchasing additional stock of second hand clothes. My hope is that the additional stock will lead to increased profits which will enable me repay my loan on time. Once again thank you for, because of you i am on my way to realize my investment dreams. I will surely not dissapoint you

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  • Margaret    Nov 10, 2017

    Hi Gift,
    I am glad to see that your latest loan from Zidisha helped you to grow your business. I look forward to working with you through Zidisha to see your store keep growing. Best of luck to you as always. Regards, Margaret

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  • Gift    Nov 10, 2017

    Thank you Zidisha for connecting me with lenders who have passion in empowering other people. I received Kes 630 and used in to increase stock in my business. The increased stock led to a 10 % in profit which made it possible to repay the loan. In addition, i was also able to finance my personal needs thanks to Zidisha

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  • Gift    Nov 9, 2017

    With the Kes 630 loan i received from Zidisha, i bought a stock of mitumba clothes which i have been selling. Since then my capital for mitumba clothes has risenby over kes 1000 and i have managed to repay the borrowed loan. Zidisha is empowering me and I wish to go greater heights. Zidisha is helping me realize my dream. My stock has now increased and my financial budded has been lowered

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  • Gift    Nov 9, 2017

    I started selling second hand clothes last year when zidisha gave me the first loan of 400 sh. Since then zidisha loan funds have been the boosters for my business. The recent zidisha loan fund of Kes 630 enabled me buy additional stock which i then resold at a profit and managed to get impressive profit of 10 % not to mention the financial obligations i have been able to take care of.
    The additional stock has grown my business beyond what i had expected. Currecntly, my stock is at a value of Kes 6000, something that i never imagined will come to happen. The increased earnings have assisted me in establishing my business given that now i operate at a physical location but not hawking like i used to do. My family can now have access to electricity since i am able to pay the bills and my community is glad that i have found something that can generate income for me. Thanks again lenders for your kind effort in empowering people such as myself.

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  • Gift    Nov 9, 2017

    I started selling second hand clothes when zidisha gave me the first loan of 400 sh. Since then zidisha loan funds have been the boosters for my business. The recent zidisha loan fund of Kes 630 enabled me buy additional stock which i then resold at a profit and managed to get impressive profit of 10 % not to mention the financial obligations i have been able to take care of.
    The additional stock has grown my business beyond what i had expected. Currently, my stock is at a value of Kes 6000, something that i never imagined will come to happen. The increased earnings have assisted me in establishing my business given that now i operate at a physical location but not hawking like i used to do. . Thanks again lenders for your kind effort in empowering people such as myself.

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