Loan to buy more inventory for my business

Linet

Busia Marachi, Kenya

100% repaid

Entrepreneur

Name

Linet

Member since

October 2016

On-time repayments

233 installments  •  81%

About Me

I am a thirty five year old kenyan female born in a family of two. i was raised up by my parents in the villages surrounding busia. i went to busia airstrip primary school our lady of mercy high school where i did my o levels.later i joined makerere university where i did a degree in economics.after sometime of job searching i was employed as afield officer at some non govenmental organisation in busia. i enjoy my work and put in the necessary effort. this has seen me promoted to assitant manager position.

My Business

i have worked for sometime but realized that my income cannot support all my needs as i cannot fully support my family,continue with education and other ventures.this has made me to start running a small business where i buy some household goods such as soap clothes and others.my business is doing well and i see myself somewhere after sometime.in a month i get about 3000 dollars as revenue and 1000 dollars as profit.i use my time after work visit potential customers and this makes me fell i use my time well.

Loan Proposal

hi lenders, i am asking for a loan of kes 1150 to increase my inventory level.with this i will be able to add two shirts at 50 dollars each. i will sell them 60 dollars. thank you for visiting my profile

My Videos

Aug 18, 2021: My clothing business

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$12.00

Date disbursed

Oct 13, 2016

Repayment status

On Time

Projected term

7 weeks

Lenders

Paul Buchheit

Mountain View, United States

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  • Linet    May 3, 2022

    Due to the hard times that I am experiencing in my business I cannot manage to pay the whole amount.

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  • Linet    Feb 22, 2022

    Due to the high cost of living I am unable to to pay the full amount of my loan but promise that when situations improve i will also pay my loan as scheduled.

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  • Linet    Feb 22, 2022

    Due to the high cost of living, I am unable to pay the full amount stated but when the cost of living improves i will pay as required.

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  • Shellemiah    Dec 8, 2021

    dear team
    she was not available as I had to contact one of his referees and told me that he will remind him to pay or reschedule his loan accordingly.

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  • Linet    Oct 5, 2021

    Hi Zidisha Team,
    I have decided to adjust the instalments due to the low incomes as a result of high cost of living I a experiencing.
    I promise to adjust when things improve.
    Thank you for understanding.

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  • Justus    Oct 4, 2021

    Linet has promised to repay the loan

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  • Linet    Sep 13, 2021

    Hi Lenders,
    I am excited to say that i received my loan and the money is already in circulation!
    I have managed to add stock and all i can say is that I am confident with Zidisha and also very confident that despite the pandemic I will work hard to repay the loan and borrow more for my business expansion.
    I am proud of you zidisha.
    Thanks,

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  • Linet    Sep 1, 2021

    Hi lenders,
    I must confirm that i am so proud of you. You have made this happen and i have confidence in you that it will continue being possible. I plan to increase my stock and diverse it in the sence that i will also include mens wear.
    This will help me a great deal i.e meating my basic needs and my kids and also meating my customers needs.
    A gain to you my lenders, i say thank you for enabling my project happen and also enabling me leave a comfortable life through the funding of my project which has enabled me earn a living.

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  • Mary    Aug 29, 2021

    I hope you can add some fast selling stock to your business Linet!

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  • Ren    Aug 18, 2021

    Dear Linet,
    I am glad you were able to repay your loan - I'm sure it wasn't easy with all that is going on in the world. Good luck with your new loan!

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  • Linet    Aug 18, 2021

    Hi Lenders,
    I am excited to borrow anther loan and hopping that you will lend me.
    The previous loan really made a difference in my life and my business as a whole.
    I was able to continue my business despite the pandemic as i had ready capital and also was able to pay children school fees and put food on the table at the end of the day.
    I am happy to be associated with Zidisha more so my lenders.
    Regards,

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  • Linet    Mar 4, 2021

    Due to economic hardship I am unable to pay the amount.

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  • Madesto    Mar 3, 2021

    i called linet but she promised to repay her loan in the course of this month.

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  • Linet    Dec 15, 2020

    Due hard economic times being experienced I am unable to pay the full amount.

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  • Linet    Nov 6, 2020

    I am unable to pay the installments in full because of the effects of the pandemic,
    when the situation normalizes will up my game.

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  • Linet    Sep 25, 2020

    Due to hardship due to the corona pandemic, i have not been able to fully pay my installments but i promise to up my game when situations normalize.

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  • Linet    Aug 25, 2020

    Hi Zidisha Team,
    I hereby adjust may loan payment due to the the collapse of my business and working to see it revived. since i have other obligations i feel i may not be able to pay my loan fully and therefore adjust to the above amounts.
    Regards,

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