I want to buy more tailoring cloths/materials

Joseph Kariuki

Miti Mingi, Kenya

100% repaid

Entrepreneur

Name

Joseph Kariuki

Member since

August 2014

On-time repayments

103 installments  •  81%

About Me

I am a well known tailor at miti mingi, a father and a businessman. I live in miti mingi, kenya. I learned the business of tailoring long time ago and due to lack of formal employment i decided to buy a sewing machine so that i start my own business. my aim of starting a business was to meet my family's daily requirements such as school fees, food and any other support. i love watching movies and reading inspiring books during free time. from now zidisha will help me to improve my business so that i improve my business further. I am dreaming of opening a boutiques in future. zidisha will help me so much.

My Business

my business is tailoring and clothes repair and i make clothes for mean, women and children. I also convert bad and torn clothes into good ones as good as new. I make good profit per clothe but it depends on particular days. on a bad day i get about 400 but on a good day i get about 1300, so am confident that i will be able to repay the loan. I am very happy with my job because i completely know it. i and my wife have agreed on a zidisha loan which we believe will improve our lives greatly. thanks in advance to zidisha.

Loan Proposal

I am very happy to be accepted in Zidisha. With a loan of 150 dollars i want to buy materials for tailoring. I will use a loan of 12945 to buy new materials worth 10000 which will be enough to satisfy my customers, i want to even make ready made clothes for women and mean and children such that they can buy ready made. The remaining money will be used to buy other tailoring requirements such as buttons, needles, threads and other necessities. thanks so much to zidisha.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.52

Date disbursed

Aug 27, 2014

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Lender interest: $150.52 at 12.70% annual rate over 3 months = $5.88

Service fee: $1.66

Lenders

Brian

Midhurst, Canada

fairspirit

Utrecht, Netherlands

Sarasota

Sarasota, Fl, United States

G

GanSatya

United States

T

thebonseung

Republic of Korea

W

wiwillia

Milbrae, United States

Matching Fund

Sterling, United States

LouisB

ZIDISHA, Mozambique

J

JessicaAna

Maputo, United States

ToddTho

World Wide, United States

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