Entrepreneur
Name
Irene
Member since
May 2015
On-time repayments
33 installments • 52%
About Me
I am a 35 year old Kenyan citizen aged who resides in Kisumu city. I was born and brought up in Siaya where I attended school upto college level. My childhood was very modest and was faced with several challenges since my mother was a widow and only did menial/casual jobs to sustain the family. I am a sixth born in a family of eight.Life was very difficult as mum could only afford only one meal per day and most of the times we would go without food at home. I overcame this by excelling in class since my desire was to be the best I could be in all my endeavors.
I started my business as a side hustle beside my job. I began by selling to my colleagues and through word of mouth, I was able to reach to more clients and thus opened a shop.It has since thrived and I have no regrets so far. Where I live people are very warm towards one another including strangers. The people are very receptive and accommodating to everyone around them.
I am a mother to three lovely boys who go to school here in Kisumu. The first born would like to be an architect, second would like to be a doctor while the last born who just turned six years this month would like to be a barber!
My greatest hobby is "DO-IT-YOURSELF" (DIY) and as such I have a lot of innovations I have carried out before through this hobby.
My Business
I sell clothes, accessories and beauty products. I sell both brand new and second hand clothes. I buy the goods in bulk once every week. I chose this line of business because I have a great sense of fashion and people often asked me where I bought my clothes.I also think that people,both men and women, should dress appropriately,be confident in whatever body size /shape, smell good and be generally well groomed. The boutique business is very versatile and dynamic with fashion changing every so often. This therefore means that I have to bring in clothes that are trendy, stylish and suitable for different types of clients. Most of my clients are women who are very stylish and they often tell me that "fashion changes but style doesn't" Some of them say that "Fashion is bough yet class is inborn". So I always have to keep with the pace/ trend.The cost versus revenue vary from time to time and is dependent on factors such as; season of the year, functions,time of the month,available stock etc.but generally it is a profit-making venture. The proceeds I make from the business have enabled me to educate my children as well as my nephews and nieces, build a home for my mother,reinvest in the business and currently I am building my own home here in Kisumu. It has also enabled me to invest in agriculture in my rural home.
Loan Proposal
Since the the weaves are trending currently in my town, I will pay more emphasis in restocking more weaves and hair piece. I hope to make a 100% profit from their sale. I will purchase the at USD 2.9 and sell at USD 4.9 thus making a 100% profit.
I will use the profit to buy my children Christmas gifts which I had promised. I will also buy my mum a new Bible and Hymn book since hers are already old and she has been asking me for a very long time.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$96.00
Date disbursed
Nov 23, 2016
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Canal Winchester, United States
United Kingdom
Phoenix, United States
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