Loan to add more stock of ladies handbags
Stella
Kapsabet, Kenya
100% repaid
Entrepreneur
Name
Stella
Member since
November 2016
On-time repayments
75 installments • 55%
About Me
I was brought up in a low income family, went to school upto O level but was unable to proceed to college due to lack of school fees. I started engaging with charity work/volunteer work in my local church where I gained some experience that brought the idea of business. I proposed the idea to my sister who lent me 10,000.00 to start with.
I have three children in school who have big ambitions. And I could like to nature their talents by working hard to pay their school fees.
My Business
I do selling of new clothes and mitumba clothes in Kapsabet market plus the surrounding centres.
I chose this business because it looked lucrative and fast moving
The major costs in this business are county taxes/taxes that we pay in a daily basis. On a good day I can make sales of between 6000 and 10,000.00 KES reflecting to a profit of between 1000 to 2000 KES.
I use my profits to pay house rent, daily upkeep for my family and school fees for my children.
Thank you
Loan Proposal
After some turmoil in the months of April and March I an requesting for funds to buy women handbags in wholesale and sale at some profit. I have thought of introducing this bags in addition to the clothes I have in order to provide more variety for my Customers. I intend to buy bags @ 1800KES each from from Kampala that is cheaper. With this I hope to make profits of between 500KES and 1000KES. This is going to improve my sales turnover and help me scale to higher heights and maybe uplift my living standards and those of my family.
Also let me take this chance to thank you for this good job you are doing being part of my business by supporting me.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$97.00
Date disbursed
Jun 21, 2017
Repayment status
On Time
Projected term
4 months
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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