Zidisha |

Teresia

Nakuru, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Teresia

Member since

October 2013

On-time repayments

12 installments • 8%

About Me

My name is Teresia Apondi Opiyo of ID Number, 31263321 and nationality Kenyan. I was born in Siaya District 20 years ago to a family of five. I am a Christian who fellowships at P.C.E.A church in Nakuru town. The church is located approximately 2 kilometers from my area of residence. I am single and live in a rental house for which I pay Ksh 3,000 every month. I am a business person dealing in purchase and sales of second hand clothes both for ladies and men. I am pleasant personality with good social skills and this has greatly helped me to market my products and increase my sales volumes as well as my profit margins.

My Business

I have a business which majorly deals with the purchasing and sales of second hand clothes for men and women, a business which I have operated for a period of 15 months now. I started this business immediately after my form four examinations as a way of meeting my financial obligations. In time, the business grew and the demand for my products greatly increased. This motivated me and gave me the desire to exploit the business more. Currently I have a shop where I display my products although I am still involved in the door to door sales which formed the foundation of my business. I seek for funds from zidisha to improve my business by buying more products for sale and reaching out to more markets and even to other counties in order to realize my dreams and achieve my business objectives.

Loan Proposal

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Nov 4, 2013

Repayment status

On Time

Projected term

13 months

Other loans

Dec 2013: $442

Lenders

EricDWalters

Rochester, Mn, Usa, United States

Pierfausto

Rome, Italy

bopsquod

Seattle, Wa, United States

mewesten

Waynesboro, United States

Southern

Oberursel, Germany, Germany

Sarasota

Sarasota, Fl, United States

inips

Oslo, Norway

MarshFamilyUK

Canterbury, United Kingdom

Ask Teresia a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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Pst.joseph Mar 21, 2014

To Lenders, I have tried to the borrower through the phone but I have not managed for her phone is always switched off through out but I am trying to use different ways of reaching her.

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S
Sunflower Dec 26, 2013

I hope that this loan will help your business grow! The best of luck to you!

Sunflower

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- Teresia Dec 27, 2013
  
  Thank you
  
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mewesten Dec 26, 2013

Hello Teresia,
Can you explain how an 11-week loan will help your used clothing business?

How do you turn over sales of good so fast?

Or does the money actually go to JARED OPIYO's "mPesa" float? (He submitted a loan request for the same 11-week term on the same day.)

Thank you in advance for answering these questions.

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- Teresia Dec 27, 2013
  
  Hi, the money I seek from zidisha team is solely meant to be for my business and my business alone. I realize that when I struggle to repay back loan in good time and fast enough, it gives me ample time to plan for expansion and to improve my business. What makes me think that I will use this money well is that I have previously received contracts and tenders from some 4 schools in Nakuru town, a church and a self help group to supply T-shirts with labels of the schools and the organizations. This gives me good return and I don't find any reason why raising a Ksh 45,000 loan advanced to be should take a period well over 11 weeks. I feel I should be able to clear out the loan as fast as possible and reach on to my other business objectives and aspirations. Business people consult widely whenever necessary and we also tend to share information with our business colleagues within and outside our areas of specialization. We also borrow ideas from one another and tend to emulate those that we think seem to work well for our business friends. Competition is the basis of success! Thank you.
  
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Teresia Nov 3, 2013

I express my sincere gratitude to Zidisha Team for this privileged opportunity to be a member and a beneficiary to this wonderful scheme. I am grateful to all my lenders for gaining trust in me and for granting me this opportunity to advance my business investments. I promise to use the funds as planned and refund back the money so as to be able to acquire more funds from Zidisha Team.

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- mewesten Nov 5, 2013
  
  Hi Teresia,
  I trust that the modest first loan to you will help you add stock to your clothing business.
  Thank you for allowing us to be your partners. Best of luck to you.
  
  Write when you can.
  marvin
  
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