Selling used clothes and shoes from Tanzania

Racheal Mwayele

Mwezangombe, Kenya

100% repaid

Entrepreneur

Name

Racheal Mwayele

Member since

August 2013

On-time repayments

52 installments  •  12%

About Me

My names are Racheal Mwayele. I am twenty three years old. I went to school at Korosho academy and later on I joined Chumani secondary shool at attained a B+ in my examinations. I am chiristian by faith. I live at a place called Mwezangome just passed the lake like place and I live behind it. I started this business after I thought it was the best in my location I have been selling cloth material for the last two years. I joined Mombasa polytechnic college and I am persuing a diploma in Human resource management.

My Business

I have a business of selling cloth materials like the Kanga's leso and shoes I have been in the business for over two years. The business is doing fine as I get a like five hundred shillings a day as net profit. My customers are the school teachers around me from Basi primary school and the nearby secondary school from my location called majaoni scondary school. If I get this loan I will be in a position of adding stock in my business especially this coming holiday whereby most people especial women tend to need more cloth materials than the other days.

Loan Proposal

Hi lenders hope this finds you well first of all thankyou for the first loan it enabled me to take a step in my business i openned another branch at my home area. I would like again to request a loan of 100 USD in which once given the loan it will enable me to buy more stock of clothes as we are heading for the april holiday im sure i will make huge profits as it was in december. the benefit that i will get from this loan is that once i have big stock and the market goes well i will make huge profits which will easy for me to raise my college fee and my upkeep and easy repayment of the loan. i would greatly appriciate if the lender will concider my request favourably and grant me the because right know im in the prosses of expanding by odering latest clothes from my nebuoring country TANZANIA. thankyou inadvance all the zidisha team God bless you all.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$102.92

Date disbursed

Mar 28, 2014

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Lender interest: $102.92 at 3.00% annual rate over 10 months = $2.79

Service fee: $3.29

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