Loan to buy more stock for my boutique

Gladys

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Gladys

Member since

October 2016

On-time repayments

86 installments  •  50%

About Me

I was born and raised up by a single mother. I couldn't afford proper education but by sheer struggles and determination I vowed never to accept to be bound by chains of poverty. I left the village to a nearby town to try to make a life. I met a friend who introduced me to her line of business( cloth selling). after a few years of working under her I decided to launch my own business using the little money I had saved from my salary. I set up a small cloth shop which I run up to now as a sole proprietor.

My Business

I sell 2nd hand clothes. my goods are very important since I live in a community which is impoverished and can not afford first hand clothes. I am therefore able to a attend to their clothing needs which is a basic human need. I chose this type of business because I had learned a few trade skills in this line from my friend whom I initially worked for. I basically use 30 thousand Kenya shillings to purchase a bale of clothes from an importer after every month. in return I get a profit of 20 thousands after sale of each bale.I use profits raised to restock my business and cater for my family needs.

Loan Proposal

Dear lenders, if i succeed in raising this loan i will channel all the moneys raised in buying more stock for my boutique. i project to buy two bales of 2nd hand clothes and also some shoes which is a new service am adding to my business. two bales of 2ndhand clothes will cost me approximately 300 US dollars while i plan to stock ladies shoes only for a start at a cost of approximately 30 US dollars. with this in stock i expect to raise my net profits by 100 US dollars quarterly. i also expect to raise my customer satisfaction to 70%. my children will also enjoy an increased life essential commodities supply and i myself will also increase my savings for my children school fees. thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$42.00

Date disbursed

Jun 10, 2017

Repayment status

On Time

Projected term

8 months

Lenders

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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