Loan to buy stock of new clothes

Faith

Nairobi, Kenya

9% repaid

Entrepreneur

Name

Faith

Member since

October 2017

On-time repayments

19 installments  •  32%

About Me

Am Faith Wangari Mwangi born in 1966 in Muranga County, I am sixth born in a family of eleven children. I went to school and dropped in class six since we were too many and my parents could not afford education for all of us. I have 3 children 2 sons and 1 daughter, my husband is a bishop and has churches in Tanzania because he is a Tanzanian. My hobbies are spreading the gospel of Christ to people. Am also a businesswoman dealing with african clothes that is vitenges and so on.

My Business

I have a business of selling materials,vitenges and clothes to clients who I have and have been my good clients for many years I make around ksh 30,000 ($300) per month, I use my profits to pay school fees for my last born son who is in high school. I also pay rent for my business premises and support my husband in his ministry though most of the times he is always in Tanzania.

Loan Proposal

Hi lenders I would like to request for a loan of ksh 5062 ($ 50) that I will use to buy stock of new clothes from uganda and sell them here in nairobi. If am funded I will use the loan as follows:

New clothes - ksh 3062 ($ 31)
Transport to and from Uganda - ksh 2000 ( 20)

If I get the loan I will add stock to my shop as mentioned above which will increase my profit with around 30%. Thank you in advance as you fund my loan and God bless you all.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$11.00

Date disbursed

Feb 22, 2018

Repayment status

Late

Projected term

2 months

Other loans

Lenders

RF

Ruth FT

Manchester, United Kingdom

Mark Rowlatt

Peterborough, UK, United Kingdom

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