Improve clothing business and provide employment

Elizabeth Gitau

Ruiru, Kiambu County, Kenya

100% repaid

Entrepreneur

Name

Elizabeth Gitau

Member since

July 2014

On-time repayments

268 installments  •  67%

About Me

I am a hardworking lady who loves her family and loves doing business. I believe that business is very important in the growth of every country. Additionally the more people are in business, the lower the unemployment rate becomes. I thank God for Zidisha which is a great platform for budding business people.

My Business

I started my business about three years ago with an initial capital of Ksh150,000 ($1726) it entails reselling of both men‘s underwear and socks as well as women‘s underwear .The business accrues a monthly income of Ksh25,000 ($288) in sales and a net profit of about Ksh9,000 ($104).My monthly expenses include rent for the business premises and salary for my one employee all totaling to Ksh15,000 ($173) .My business projections for the coming years is to expand it to a larger one with huge variants of products to counter the costs I encounter. I want to also want to create more jobs to the community around by employing a few more personnel.

Loan Proposal

This loan will be a great opportunity to help me improve my clothing retail business which has got great potential. I will use it to add more capital to buy more clothes so that I can increase my profits. I project to have about 20% increased profit after injecting this capital. I will then be able to hire some of the people in my neighborhood who have high potential but have not been able to secure any employment. I will also be able to easily pay back the loan within two months and request for another one for the next phase of my growth. I will appreciate your kind assistance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.52

Date disbursed

Aug 25, 2014

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $150.52 at 9.63% annual rate over 2 months = $2.51

Service fee: $0.94

Lenders

Sarasota

Sarasota, Fl, United States

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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