Increase stock for my fashion shop

Mirriam

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Mirriam

Member since

December 2014

On-time repayments

220 installments  •  11%

About Me

I am Miriam- married with one kid. I am the third born in a family of five and I am currently residing at Ngata bridge of Nakuru county.
I studied a diploma course in sales and marketing at Zetech college and have since been looking for employment. A year and a half ago, prior to my husband loosing job, we established a fashion shop at Njoro town where I sell all types of clothes.
As a primary source of income, the business has helped me support the family.
I spend my free time reading informative and inspirational articles and visiting friends and family.

My Business

I have a fashion shop at Njoro town where I sell clothes. The shop is about 15 kilometers away from Nakuru town and has a good population. The first loan helped me increase the stock of children wear which was important especially during the festive season when the demand was high. I am planning to build on this stock and even introduce shoes in my shop.
The business has been good- almost getting to two years now since we started and has helped gather for the family after my husband lost the job.

Loan Proposal

Attributed to our culture and value attached to Christmas, people in my region always shop for new clothes to look smart .Therefore during this festive season there is an increased demand in our area and in Kenya at large especially for children wear- associated with Christmas celebrations.
I would therefore like to expand my stock to gather for my customer needs and thus will use $85 of the loan in sourcing more new clothes and $15 on transport to and from Nairobi- where I source my supplies.
The increased profits will allow me pay the loan with ease and the rest in diversifying my products for instance introducing shoes.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Dec 18, 2014

Repayment status

On Time

Projected term

4 months

Other loans

Lenders

McJulio

New Jersey, United States

L

Leonora

TÄBY, Sweden

E

elourenco

Porto, Portugal

rjb

Phnom Penh, Cambodia, United Kingdom

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