Loan to buy new handbags stock

Nelly

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Nelly

Member since

March 2019

On-time repayments

6 installments  •  83%

About Me

My name Is Nelly Njoki Ndungi a 24 year old Kenyan citizen. I was born and raised in kikuyu County am the second born in a family of two... I went to school at st Lilian academy for my primary and later joined st Martin for my secondary education where I did my o levels. After secondary I ventured into handbags sale business of which has been my sole source of income since when I began... I am here to help grow myself and visualize my dreams.

My Business

My business entails buying and reselling female handbags.. I buy them at gikomba market in nairobi... Mostly a single bag goes for $300 of which I buy and sell at $400 or $600 depending on how beautiful and classy it looks... Business is good and am hoping to expand soon and rent a more bigger space to conduct business

Loan Proposal

After the disbursement of the loan, I shall go to gikomba market and buy a half bail of handbags. Which costs 6000. I shall top 3500 from my savings to the 2500 that you will loan me. After that I'll sort the bags in quality and color.. Wipe them take photos of them and post them for resale that way after making my profits ill deduct the expenses incurred and repay the loan back in time

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$26.00

Date disbursed

Nov 27, 2019

Repayment status

On Time

Projected term

4 weeks

Lenders

R

Ru

New York, United States

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