I will use my entire loan in my business which involve buying and selling of used cloth and shoes to wholesale and late...

Lucy

Gilgil, Kenya

100% repaid

Entrepreneur

Name

Lucy

Member since

January 2014

On-time repayments

23 installments  •  100%

About Me

I am a young lady i live in Gilgil town and do my own business.i am educated to secondary level but later joined comboni polytechnic where i studied cpa though i did not finish due to lack of enough money to cater for my college fee.
i decided to go out and start a business to cater for my bill and at least to save in order one day i can go back to school and finish my studies .with my business jam now able to buy myself a plot of land which i will start building as soon as i have enough money to do so .am also able to save some money and able to provide all my basic needs .

My Business

my business involve buying and selling of used cloth and shoes to wholesale and later sold to clients to an aim of getting profit.the demand for this goods is very high here in gill as it is a developing town and many people are coming to settle and thus they need cloth and shoe as one of their basic need .my customers prefer my business because i stock good quality products which impress them much and i also handle them in a courtesy manner make them feel wanted and talking to them in respect.the business is very profitable as it is able to run and provide all my financial needs plus am able to save some cash.the challenges associated with this business is that is official harassment from council and the double ling of the license.given the money from this company i will make sure i double and ensure i have different types stock to increase customer base and thus increase my profit turn over.

Loan Proposal

i will use my entire loan in my business which involve buying and selling of used cloth and shoes to wholesale and later sold to clients to an aim of getting profit.the demand for this goods is very high here in gill as it is a developing town and many people are coming to settle and thus they need cloth and shoe as one of their basic need .my customers prefer my business because i stock good quality products which impress them much and i also handle them in a courtesy manner make them feel wanted and talking to them in respect.the business is very profitable as it is able to run and provide all my financial needs plus am able to save some cash.the challenges associated with this business is that is official harassment from council and the double ling of the license.given the money from this company i will make sure i double and ensure i have different types stock to increase customer base and thus increase my profit turn over.

lucy muthoni

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Loan Info

Project Type

Classic Loan

Disbursed amount

$140.00

Date disbursed

Feb 4, 2014

Repayment status

On Time

Projected term

5 months

Lenders

R

Raabo

Rungsted, Denmark

C

cjmenchaca

Austin, United States

Sarasota

Sarasota, Fl, United States

nannymarie

Los Angeles, United States

Richard Griebe

La Jolla, United States

M

mrjamesg

London, United Kingdom

Matching Fund

Sterling, United States

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