Loan forexpansion and buying women dresses and jumpers

Hassan

Mazeras, Kenya

100% repaid

Entrepreneur

Name

Hassan

Member since

September 2013

On-time repayments

372 installments  •  34%

About Me

I am Hassan Mlala. I live in Rabai in Kilifi county. I am the sixth born in our family.I did my secondary education exam in 2007 and later on joined Mazeras Polytechnic and did electrical and electronic course.I now use my electrical skill to obtain my daily needs.However due to low wages around, I have a small business of selling clothes.My intention is to modernise my boutique still here in Jimba to boost my current earnings of $120 to at least $200 per month. I believe if i will be given this loan i will be able to accomplish this and make my living more better.

My Business

I hope you are doing good and I thank you for coming with such idea that aimed in empowering Kenyans economically.For a long time, I have been having a personal business to supplement my electrical installation & repair jobs income but capital has been the major challenge.
However, my intention is to stock my small boutique in my area of residence.
I believe this is untapped venture as residents in my area are forced to travel a long distance( bus fare of $3 ) at least to buy trendy clothes.
Getting the support to 'style up' the business will go a long away in reducing the time wasted by many in going to next big town, Mariakani , in search of the more stylish clothing designs. This loan of $150 will be used to buy 24 pieces of latest ladies wear that will ensure me an additional earning of $50 per month.
Looking forward for a strong partnership in promoting my business. My good friend, Samuel Shehi, has already benefitted & expanded with loans from Zidisha. I believe I can grow my business for the better too.

Loan Proposal

I will use loan top up my capital and buy a bale of mitumba for children mix clothes including dresses,trousers,jumpers and shorts.The loan will be crucial as it will assist me the grade one bale which has high quality clother hence good returns,Example of the dresses at whole sale price will be-:1st camera@1000 per dress,2nd camera@800 per dress,3rd camera@500 per dress.This will give me more profit that will enable me pay for my rent comfrtably and provide for my usual basic needs it will also make me work extra hard knowing i have a loan to pay.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$674.00

Date disbursed

Apr 29, 2015

Repayment status

On Time

Projected term

38 months

Lenders

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