Inventory of new clothes for my fashion shop

Sarah

Rongai - Nakuru, Kenya

18% repaid

Entrepreneur

Name

Sarah

Member since

January 2015

On-time repayments

103 installments  •  8%

About Me

I am Sarah Kitwara; currently 27 years old and married with one kid. I am the second born in a family of six and I am currently residing at Ngata village of Nakuru county.
I studied a diploma course in purchase and supplies at Rift valley institute of science and technology in Nakuru and have since been looking for employment with no success. To sustain us, my husband and I established a fashion shop about two year ago and has been a success.
As a primary source of income, the business has helpedus support the family.
My hobbies are reading informative and inspirational articles and visiting friends and family.

My Business

I own and run a fashion shop at Nakuru town where I sell clothes. The shop is in Bima premises in Nakuru town and the place has a good population. I sell mostly ladies and children wear.
The business has been good- almost getting to two years now and has helped us gather for the family since it is the only source of income for us.
Most of the revenue go to consumption and thus little remain for savings or reinvestments.

Loan Proposal

Since most of the revenue go to home consumption, it has been a challenge saving for expansion or other investments.
I would therefore like to use the $ 100 to buy new types of clothes in order to expand my customer reach. With new stock, I expect a 30% increase in profits.
The increased profits will allow me pay the loan with ease and the rest in diversifying my products for instance introducing shoes in my shop.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 26, 2015

Repayment status

Late

Projected term

24 months

Lenders

A

agwong

California, United States

tjm212003

Montreal, Canada

C

CWS

Huntington beach, ca, United States

Q

Quomar

Żmigród, Poland

S

Snick

Halle, Germany

H

Hilke

Bremen, Germany

Dymero

Manchester, United States

G

Givemoreuseless

Waterloo, Canada

HI

Highly Improbable

Saskatoon, Canada

J

Jmatasovsky

United States

K

Karpet

Faroe Islands

ThomasJosef

Berlin, Germany

S

SCHAC

Switzerland

B

BigRosie

United States

Dave Bogard

New York, United States

Angelina

Northants, United Kingdom

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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  • Sarah    May 1, 2015

    Hello lenders,
    I have had a few financial challenges the past month and would like to reduce the size of my installments for awhile. Thank you.

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  • Gilbert    Apr 29, 2015

    Hello lenders,
    I spoke to my invitee Sarah and she promised to resume repayments today.
    Thank you for your patience

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  • Gilbert    Apr 10, 2015

    hello lenders,
    I spoke to Sarah on mobile and she promised to resume repayments this week

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  • Sarah    Feb 21, 2015

    Hello lenders,
    Thank you very much for the loan you gave me.
    I bought new clothes and the business is yet to pick. For now, the business is still slow- maybe due to the long dry season we have been experiencing.
    So for now, i would like to reduce the size of my installment for a shortwhile.
    Thank you

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  • Gilbert    Feb 19, 2015

    Sarah made some payments over a week ago and they are still not reflecting.
    We are following it up.

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  • Sarah    Jan 24, 2015

    Thank you lenders for funding my loan.
    God bless you

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