Loan to add clothing stock - business expansion

Lavine

Uthiru, Kenya

100% repaid

Entrepreneur

Name

Lavine

Member since

November 2014

On-time repayments

98 installments  •  42%

About Me

My name is Lavine Makungu, born in 1985 in Western Kenya.

I love myself so much and I love God.

I am an orphan and guardian to two sisters, since my mother passed on while I was in form three [High School].

I sat my Kenya Certificate of Secondary Education (KCSE) exams and pursued a certificate course in secretarial.

I am married and blessed with one child.

My husband is involved in church ministry in Kawangware - Nairobi, a slum area.

My Business

I would be grateful if given loan to boost my business.

I usually sell secondhand clothes, which I buy from Gikomba-Nairobi, then do house-to-house selling to my neighbours and the community around where I live.

My clothes retail between $1 and $3 each, earning me approx. half a dollar per piece.

I wish to expand my current stock by $50, so that it can grow faster and help me better support my younger sisters as well as improve my family.

I have been able to build rapport with the neighbouring community to the extent that I can no longer satisfy their demand for the items I sell.

The full loan amount will therefore be utilized in buying additional clothing stock.

Your assistance is appreciated.

Loan Proposal

I would be grateful if given loan to boost my business.

I usually sell secondhand clothes, which I buy from Gikomba-Nairobi, then do house-to-house selling to my neighbours and the community around where I live.

My clothes retail between $1 and $3 each, earning me approx. half a dollar per piece.

I wish to expand my current stock by $50, so that it can grow faster and help me better support my younger sisters as well as improve my family.

I have been able to build rapport with the neighbouring community to the extent that I can no longer satisfy their demand for the items I sell.

The full loan amount will therefore be utilized in buying additional clothing stock.

Your assistance is appreciated.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Dec 8, 2014

Repayment status

On Time

Projected term

5 months

Other loans

Lenders

H

hilde

seattle, United States

Per Dahl

Norrköping, Sweden

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  • Lavine    Nov 24, 2015

    business has not been good.

    alot of my customers have been struggling with school fees arrears hence did not prioritize buying clothes.

    others bought on credit and are yet to pay me.

    hopefully sales will improve with festive season enabling me to resume my normal weekly installments.

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  • Lavine    Jun 16, 2015

    Dear Lenders,

    Accept my sincere appreciation for funding my loan application.

    This will go a long way in improving my business as I am now able to buy higher quality stocks, from which I will earn higher profits, thereby improving my livelihood and being able to support my younger sister better.

    Again, Thank you so much.

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  • Lavine    Jun 4, 2015

    Thanking my lenders for helping me expand my business.

    I have been able to reach customers in a wider area, through word of mouth customer references as my customers commented that the quality of my clothing stocks has greatly improved and referred other customers to me.

    I hope to use my next loan to increase my stocks and buy even higher quality stocks.

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