Veronicah

Nakuru, Kenya

21% repaid

Entrepreneur

Name

Veronicah

Member since

August 2013

On-time repayments

10 installments  •  10%

About Me

My name is Veronica . I come from a family of seven.. Four girls and three boys.Both my parents are living in Ravin town. Thre of my siblings are working while the rest are still in school. The lost one being in class eight. I live in Londan estate , near the Nakuru show ground. I have a diploma in business management. I work as a sale's lady for safaricom and do business part time . when am free or during the weekend.My dream is eventually to go into business full time. My business has enabled me to purchase household items and am still saving with a hope i can buy a shamba in the near future.

My Business

The profits from the business will enable me to repay the loan.I have employed a young lady who is assisting me to run the business.
I run a business which deals in selling lady's shoes and cosmetics.Lady are considered to me good business customers. Especially things to do with beauty ,they attract a big pool of women customers. My goods are demanded by many customer because i always bring the latest goods in the fashion industry.
so far the business is profitable . The only risk involves the other competitors i have to be a step a head of them if i have to sell my goods.
My monthly revenue ranges between 20,000 to 30,000 kenya shillings.I intend to use the loan to repay the loan.

Loan Proposal

i wish to take this time to thank you for your positive response and wish to inform you that the amount applied for will boost me alot in my current business i will use some of the amount to add some stock and add the rest with my savings to clear my shop rent may i take this opporetunuty to tell you that actualy you are God sent and wish that God will help you to take this organization to a greater hight amgreat full and maay God bless you very much

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Aug 13, 2013

Repayment status

Late

Projected term

10 months

Lenders

A

anonymus

Moon, United States

H

HildeK

Rogaland, Norway

mewesten

Waynesboro, United States

joaoferraz

RINCHOA, Portugal

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  • mewesten    Oct 4, 2013

    Hi Veronicah,
    Your first payment arrived today. Thank you for that. I hope that means your business is humming along well and that you are profiting.
    Drop us a note when you have the chance.
    Best wishes in all things,
    Marvin

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  • Veronicah    Sep 7, 2013

    Hello, it gives me great pleasure to communicate with you about how am fairing on with my business. It has been quite some time since I commented on my business. The month of August was a fair month in terms of clothing, shoes and cosmetics business in Nakuru town.
    There are two instances which happened in Nakuru which helped my business to boost a profit. The first one was the big turn out of Christians who came to Nakuru. I was able to sell lady’s shoes, and some cosmetics, this really made my profits to shoot to higher levels. The second issue was that of the National music festival of schools .it was also held in Nakuru town. Here, also I was able to cash in and I got a good profit . I am hoping that my business will pick up and give me profits on a daily basis rather than wait for an event for the business to pick.
    Two thinks I noted about the business was that , my location was strategically located , hence as people passes by they could peep and just ask about the items and the second time , they passed by they could purchase an item. The second good thing I did was I hired a sales lady who marketed our merchandise and thus new customers came in either to check , inquire and ask the prices of our goods.
    I noted that , sale promotions are very important in business, without them , customers might not know what you are selling. Also it is important to locate your business at strategic places so that you can attract more customers.
    Lady’s products , that is shoes and cosmetics , can fetch a lot of profits if , you as the proprietor goes for quality and affordable items ,other wise people might not come to your shop.

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    • mewesten    Sep 7, 2013

      Dear Veronicah,
      Thank you for the eloquent description of your business strategy and progress.
      I understand that it's important to have "sales" to get customers in the door and interested. You sound like a very smart business woman indeed!
      I enjoyed reading your update and look forward to more.

      I do have two questions for you, and I hope you don't mind. The interest rate you are paying on your loan is near 10%. Would you be able to obtain a loan locally in Nakaru? How does your Zidisha rate compare to what you would pay for a local loan?
      Thank you for your update and your indulgence.

      Sincerely,
      Marvin

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  • Veronicah    Aug 23, 2013

    Dear friends, it’s the best gift I ever got this year. Small business suffers most since they do not have security. Hence, this small business remains small for ever.
    I run a business which deals in selling lady's shoes and cosmetics. Ladies are considered to be good business customers. Especially things to do with beauty, they attract a big pool of women customers. My goods are demanded by many customers because i always bring the latest goods in the fashion industry.
    so far the business is profitable .
    But thanks to Zidisha , I do see so many small business coming up and making it big. Where in this world will any body give you a loan without any security, maybe shylocks and they charge you heavily ( over the sky) , hence you eventually close shop as you can not repay them.
    Personally, I have been impressed so much with Zidisha , that , I intend to be an ambassador of this organization so that we can do clean and helpful business, online. Most of our friends do not trust online business, having been victims of bad , business, but with Zidisha , we see ourselves doing wonders in the field of business.
    I want to thank you personally, ( anonymus ,Foreclosedjapan,HildeK,Joaoferraz and mewesten) for coming to my help and assisting me with the cash so that I can boost my business. I assure you all that I will use the money for the purpose it was intended. Thereafter, I also promise to repay the loan on time.
    There are many challenges in business , but ones the cash issue has been taken care of , I think it lessen a lot of burden to me , and I can then concentrate on other issues.
    Am foreseeing a lot of improvement in my business God willing and with you, lenders help am seeing good deeds happening this year.

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  • Veronicah    Aug 23, 2013

    Dear friends, it’s the best gift I ever got this year. Small business suffers most since they do not have security. Hence, this small business remains small for ever.
    I run a business which deals in selling lady's shoes and cosmetics. Ladies are considered to be good business customers. Especially things to do with beauty, they attract a big pool of women customers. My goods are demanded by many customers because i always bring the latest goods in the fashion industry.
    so far the business is profitable .
    But thanks to Zidisha , I do see so many small business coming up and making it big. Where in this world will any body give you a loan without any security, maybe shylocks and they charge you heavily ( over the sky) , hence you eventually close shop as you can not repay them.
    Personally, I have been impressed so much with Zidisha , that , I intend to be an ambassador of this organization so that we can do clean and helpful business, online. Most of our friends do not trust online business, having been victims of bad , business, but with Zidisha , we see ourselves doing wonders in the field of business.
    I want to thank you personally, ( anonymus ,Foreclosedjapan,HildeK,Joaoferraz and mewesten) for coming to my help and assisting me with the cash so that I can boost my business. I assure you all that I will use the money for the purpose it was intended. Thereafter, I also promise to repay the loan on time.
    There are many challenges in business , but ones the cash issue has been taken care of , I think it lessen a lot of burden to me , and I can then concentrate on other issues.
    Am foreseeing a lot of improvement in my business God willing and with you, lenders help am seeing good deeds happening this year.

    Log in to reply • Share


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