increase the stock of jewelery, womens clothes and mens clothes

Edwin

Nakuru, Kenya

3% repaid

Entrepreneur

Name

Edwin

Member since

January 2014

On-time repayments

40 installments  •  35%

About Me

,my mum used to struggle by sellingnspiration for mae my hardwork and commitment.This business has been my source of livelihood as it has helped me well in providing for my family.

My Business

chniques that my employees maintain towards customers .some of the products that i sell in my shop includes,women wecking mostly women's clothe but still i have less capital that can help me in stocking my business fully.the major challenges in this business has been lack of sufficient capital that can enable me to bring my business to an extra mile ahead.for example last year i lost a contract of supplying church uniform due lack of capital.i believe with the
less cost of goods sold (
300) dollars
less expenditures (246) dollars
=154 dollars as my profit. with this profit in place i will be able to pay back your loan in the prescribed time.

Loan Proposal

i am a very happy man to apply for this third loan from zidisha.may i take this opportunity to extend my gratitude to you lenders for your past loans,it has made my business grow abundantly,there has been huge flow of customers in my shop ,this is due to its strategic location.most of my customers are college students around my premises,to be able to maintain this ever growing customer base,i need aloan of 592 dollars to add these stock.this loan will be used as follows.
250 dollars i will use to add more stock of women clothes,150 dollars i will use to add more stock of men clothes ,160 dollars i will use to add more stock of jeweleries with necklesses taking alarger share,followed by bangles,the remaining 32 dollars will cater for logistics and othe sundry expenses,i believe with my business profit and the salary i get from my employment,i will repay back the loan in time,i believe togather with zidisha i will make it.YES WE CAN

Feedback

1

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$589.00

Date disbursed

May 23, 2014

Repayment status

Late

Projected term

6 months

Lenders

T

Tmann

Los Angeles, United States

valentin

Stockholm, Sweden

C

chkuo

Taipei, Taiwan

P

ploeger

Perkasie, United States

mikeypw62

Seminole, United States

J

jdhowa2

Louisville, KY, United States

HansLindgren

Uppsala, Sweden

Namaste250

Pittsford, United States

P

Prysdahl

Marshall, United States

C

CheapThrills

Liminka, Finland

M

mkellerman

Shanghai, China

D

dannimw

Victoria BC, United Kingdom

B

bek88

Fairview, United States

RookCarmain

Coquille, United States

joaoferraz

RINCHOA, Portugal

Zal0m0n

Atlantis!!!! x), Mauritania

Sarasota

Sarasota, Fl, United States

N

NickLuder

London, United Kingdom

B

Bjoernanders

Tromsø, Norway

J

jonastang

Hong Kong, Hong Kong

Matching Fund

Sterling, United States

A

adildzhalilov

United States

M

moodystreet1

United States

larry

Sweden

A

ajayhk

San Jose, United States

Agerfar

Aarhus, Denmark

johnhudson

Washington, DC, United States

A

Arkad

United States

A

AnnaLou

Switzerland

C

christinaBlue

Vancouver, Canada

Ask Edwin 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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  • stevemorin    Jan 27, 2015

    It's been a long time any updates?

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  • Elijah Omollo    Dec 30, 2014

    Dear lenders,

    I have been trying to reach Edwin by all means through mobile phone but i have not manage to but his community leader promised he try to find out his problem and let me know soon

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  • Edwin    Nov 30, 2014

    dear i would like to thank you for the kind help you have granted me on my past loan,it really helped my business grow,i would now like to increase my installment amount so that i can clear this loan early.with the past loan,i managed to revive my business thanks to you.my lenders,i do hope that you will humbly accept my offer.thank you so much

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  • Edwin    Nov 11, 2014

    hi lenders,i wish to thank you very much for the past loan you had granted me earlier.the loan helped me alot in building my business,but due to financial dificulties due to ups and downs in my business,i have had financial difficulties,therefore making it difficult for me to pay the installments.i do hope that my business will be well so as to continue normally with paying the installments.that you my lenders

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  • Elijah Omollo    Oct 27, 2014

    Dear lenders,
    I talked to mr.Lumbasi today through his mobile phone and he told me that his business has been too down that he was unable to make payment but he promised to make some payment this week before he could reschedule.

    Thank you

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  • Edwin    Sep 27, 2014

    hi precious people of zidisha,i am really greatful for your kind and generous help.let me tell you that my busines has now gained momentum and now i am hopping for the best.thanks my lenders for kind support

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  • Edwin    Sep 27, 2014

    dear lenders, i am really greatful for your kind and generous help with my me and my business and family .my business is now struggling to growth due to lack of sufficient inventory.that the reason i am rescheduling my loan to this amount.i am doing this so that i can plough back the profit to the business.this will be fnr aresonable before it goes back to normal.i hope u understand.thats my lenders

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  • stevemorin    Sep 25, 2014

    Any updates?

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    • Edwin    Sep 27, 2014

      hi stevemorin,thank you for your follow up on my status.let me inform you that right now the busines has started to pick up well and i am looking forward for abrighter future.thanks so much

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  • Edwin    Sep 3, 2014

    dear lenders,let me take this precious and important opportunity to thank you for being with me financially in my business.of late i have experienced alot of difficulties in my franchise due to the stringent rules that had been put in place by local authorities and the persistent increase in the rate of inflation in the country that is making it hard in purchasing the stock that is necessary in the development of any business.i am now working hard to ensure my business survives this.thanks for your support

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  • Edwin    Aug 3, 2014

    hi lenders,i would like t6 thank you very much for your patience during all this time,i t is only amatter of time and i usually know that my business will soon stabilize and i know my younger brother will get wdll soon,right now i am the one who takes care of him at the hospital and i know that he will be well according to the doctors infosmation.right now i am incurring huge medical bills and this is making me not to honour my installments as promised,thank you guys and once again commend you for ua patience

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  • Boaz    Jul 31, 2014

    I talked to him two days ago and he promised to pay.

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  • Edwin    Jul 26, 2014

    lenders,good morning,its my pleasure to inform you that my business is now coming to normal and i know that in the month of august i will start making my repayments immediately,thank you my lenders for understanding

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  • stevemorin    Jul 22, 2014

    Edwin, can you talk a little bit about your business and what progress your making. How did you use your load so far.

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    • Edwin    Jul 26, 2014

      hi stevemorin,thank you for your concern about my business.let me tell you my business has now started gaining momentum and i sually know that very soon will turn to normal

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  • Edwin    Jul 12, 2014

    my lenders,hope you are doing good,i just want to thank you for funding my last loan,i would like to tell you that i am now working hard so as to boost my business,thank you my lenders for your kind help

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  • Edwin    Jul 9, 2014

    haloo my lenders,
    i would like to thank you towards the contribution towards my loan,i am sorry i could not make my pay ments in the last weeks due to the fact that my younger brother was sick and now i had to take care of his medical bills,please just understand me because i am going through alot ,hope you will understand.thank you once again

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  • Boaz    Jul 9, 2014

    Thank you lenders for your contributions to edwin lumbasi.I have called her but my calls and could not go through to her neighbours and even community leaders since last month,that is why i have not communicated.please let me continue doing follow ups.before any decision is made.

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  • James    Jun 26, 2014

    Hey Edwin. How is business?

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    • Edwin    Jun 27, 2014

      hi onchangu,the business here in nakuru is not that good but i hope everything will be alright

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  • Edwin    Jun 7, 2014

    hi lenders,i would like to thank you dearly for your help in my business,l am still working on my business status at the moment and i sually believe that in the next 3 weeks i will reschedule my loan to bigger amount and clear my loan in the shortest time possible,thanks for your understanding

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  • johnhudson    Jun 1, 2014

    Hi Edwin,

    I can tell you are very dedicated and hard working man. I wish you continued success in your business and endeavors.

    All the best,

    John

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    • Edwin    Jun 7, 2014

      hi johnhudson,let me inform you that i am really working hard and very soon i will start making bigger installments,thank you once again for your support

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  • Edwin    May 30, 2014

    hi lenders,i take this opportunity to extend my gratitude to you for your past loan,i would now want to tell u that i used your loan to restock my business fully and my daily cashflow has not stabilized,i would like to plead to you to understand my plea,i promise that as soon as my business stabilizes,i am going to return to normal payments,thank you in advance

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