Increase stock in my shop that are on high demand this season especially ladies boyfriend jackets

Josephine

Embakasi, Kenya

100% repaid

Entrepreneur

Name

Josephine

Member since

January 2014

On-time repayments

24 installments  •  54%

About Me

I am a graduate from Jomo Kenyatta University having pursued Bachelor in Business Information Technology.I am 6th born in a family of 8. my parents are both retired.I was employed for one year then i resigned to business.I started this business because i wanted to be self employed and my own boss.I use the profits for my business to restock and expand my business and also gather for my basic needs.I am aggressive woman and very social and this has played a big role in expanding my business since i can network and convince clients easily to purchase my products.

My Business

I have specialized in women shoes,clothes and handbags and i source my goods mainly from China and Uganda because it is more cheaper quantity wise and of better quality.I sell to all clientele and have networked clients through social media to widen the customer base.I do mostly online business and i have a page in face book called alldivas collectionshttps://www.facebook.com/pages/Alldivas-Collections/430958023638096?bookmark_t=page.Though fashion is evolve in there is less risk involved because clothes are not perishable goods some clients prefer clothes of previous fashion compared to the trending ones.I also deal with cash on delivery basis.The monthly turnover is a $950.Rent expenses and other expenses is $200 and re-stocking is $400. I have a physical shop around the CBD Nairobi along mfangano street,swingmart stalls A5.I also do deliveries to clients who are not in town and are interested with my products.This has really boost our business.

Loan Proposal

The amount of KES 4,000 can sufficiently buy me sassy boyfriend jackets which goes for around KES 500 per piece at wholesale price.That amounts to eight boyfriend jackets which i sell for a retail price of 1000-1200.That will leave with good profit and also money to repay the loan plus interest since the boyfriend jackets match well with the dresses that i sell.

Feedback

3

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 4, 2014

Repayment status

On Time

Projected term

5 weeks

Lenders

Levi

United States

C

cranejoad

cazenovia, United States

Matching Fund

Sterling, United States

Arjan Geven

Vienna, Austria

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