Entrepreneur
Name
Naomi
Member since
May 2014
On-time repayments
91 installments • 19%
About Me
I am the third born in a family of six. My family is from Homabay County. I have a diploma in business management. Currently I am running a business of selling second hand clothes. My area of residence is in Nairobi Eastlands, Kayole which is densely populated and as such a good place to sell clothes, handbags, shoes and jewellery. I started this business because I like the fashion industry. I also have the passion of earning income which can help me save and invest. The earnings I get from my business, part go to savings while the rest go to restocking. I would like to purchase a variety of things to go hand in hand with clothes like shoes, handbags and jewelry
My Business
I run a general shop dealing with selling of used bags and clothes, with a total monthly income of around 190 dollars out of which 80 dollars is profit. I am advantaged to operate in an area with high population and a high demand for basic commodities and low competition. I always ensure excellent customer relations and also I provide these clothes and bags at very fair prices therefore ensuring that I maintain my customers. Expenses in my business include rent, electricity that take up to 60dollars. I also restock every month the commodities that include school bags, used clothes, ladies bags among others. The risks the business faces include price fluctuations and changes in customer demands. These are handled by buying stock in bulk when prices are fair to avoid very high prices that in turn affect customers and buying commodities that customers need at different times respectively. In the area where my business is located there is in need of second hand clothes due to it’s cheap prices compared to new clothes. I get the supplies from Dandora market which is in Nairobi. The clothes are imported from various countries and especially the west countries. I usually choose the items depending on the season. On cold spells I choose to sell heavy jackets on rainy season, I sell t-shirts and light women tops during sunny seasons. My customers prefer to buy from me because my clothes are cheaper and affordable. I usually buy my bales from direct importers in the city of Nairobi where they are cheaper. This makes me to give them at a better bargain.In a week, I normally sell two bales. From the sales I do manage to get Ksh.8,500 as the net profit. The only challenge my business faces is lack of enough capital to stock better and quality products but with the Zidisha platform I will be able to overcome all this obstacles and I will be able to make more sales. It is my earnest prayers that my business will be considered and funded for the second time.Thank you
Loan Proposal
Dear lenders, I thank you very much for having supported me with my first loan. It helped me very much in my business and I was able to repay it in time and I made some good profits out of it. With this new loan I wish to purchase ladies jackets and bags. I did some research and discovered there is demand for these wares. Of the total amount of $175 I will use $65 for 2 bales of ladies ware and bags. Then $ 70 for shoes and the remaining balance of $30 will cater for children’s ware. I hope to be making profits within three months and I shall be able to service my loan accordingly with the income from my current business. I hope that I will be able to be supported again.Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$172.00
Date disbursed
Sep 27, 2014
Repayment status
Late
Projected term
19 months
Other loans
Lenders
Shanghai, China
Maputo, United States
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