Loan to expand fashion design business

Karen

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Karen

Member since

March 2014

On-time repayments

43 installments  •  58%

About Me

I joined zidisha more than 8 yrs ago. Helped me buy my first sewing machine. I opened a shop and was doing well but closed it when very cheap ready made clothes became a choice for many of my customers. Moved to Tanzania to do the same design work then came back to Kenya, started online cosmetics shop and I've never looked back. Opened a shop that is making me well over USD 50000 a month and also opened a nails parlour that makes decent money. I have employed 5 employees so far and doing well

My Business

Opened a cosmetics shop that is making me well over USD 50000 a month and also opened a nails parlour that makes decent money. I have employed 5 employees so far and doing well. I am looking for a loan to expand my business. I want to import products directly from wholesalers in China and USA which are way cheaper than buying from wholesalers here in Kenya. They sell in thousands of pieces and requires capital. That's what I'm looking for the loan for

Loan Proposal

I would like to apply for a loan to expand my already existing fashion design business. The loan will help in getting a small machine to help in the production. I would appreciate if you helped me grow...

Feedback

2

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Nov 20, 2014

Repayment status

On Time

Projected term

3 months

Lenders

investor

Candiac, Canada

McJulio

New Jersey, United States

B

BClay

Campbell, United States

ads68

Melbourne, Australia

N

NOWfund

Tokyo, Japan

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  • Karen    Apr 20, 2015

    Hello Zidisha team. I topped up on the balance but still more is needed though the funds given helped. Thanks for the funding.

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  • Karen    Feb 22, 2015

    Thank you zidisha team for the quick funding! I appreciate and God bless

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  • Karen    Feb 15, 2015

    I would like to clear my loan hoping it will not disqualify me from getting a loan increase. Business has been good. No complaints.

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  • Ian    Jan 24, 2015

    Hi lenders. I managed to talk to Karen today. She did face some challenges with her clients delaying on payments but is positive that she'll be able to catch up on her repayments soon. She is as always very grateful for the support she receives from her Zidisha lenders.

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  • Karen    Jan 4, 2015

    i am able to repay more now per week as the business has grown and is profitable. last time i had difficulty repaying my first loan because i didnt know you could reduce the installment amount but now i do and i am happy with theprogress of my account! thanks zidisha team and i hope everyone else can se how zidisha has helped with growth. continue supporting the enterpreneurs here.

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  • Karen    Dec 13, 2014

    I would like to change my repayment schedule as I am having other expenses to deal with that are reducing my income flow. I will increase my installed amount again next week on the next repayment day as I am confident i will be back on my feet again... I am reducing my installment amount to allow me to keep my on-time repayment score high, so that I can continue to qualify for loan size increases and other privileges.

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  • Karen    Nov 20, 2014

    Thank you for all who have funded my loan so quickly.... I am so grateful and humbled! The sky is the limit and hope Zidisha will be with me all the way to the top!

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  • humblehumanity    Nov 19, 2014

    How are things going Karen? Well done on repayign the loan with ease. I hope business is moving forward.

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    • Karen    Nov 19, 2014

      Hi. Things are going well but having a problem with office space though I am confident I wil pull through...thanks so much for the support and God bless

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  • Karen    Aug 8, 2014

    I have finished my loan repayments and all thanks to God! I am going places and have a feature on a local newspaper... Thank you Zidisha team!

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  • dlpringle    Jul 11, 2014

    Karen: Thanks for your repayments. I really liked your dream. How are things going with your fashion business?

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    • Karen    Jul 13, 2014

      Hi! Things are going rather well and will make my final payment in 2 days time! I will post photos soon! Thank you for your help in pushing me to where I am today.

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  • Ian    Jun 24, 2014

    I've talked to Karen. Her business is doing well and she is relocating to a bigger shop. She is finalizing on relocating her business and she is upbeat about clearing her arrears as soon as possible. I visited her shop and saw her designs which are very trendy and unique. She is promising and with help from Zidisha the sky is the limit for her.

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  • Karen    Jun 5, 2014

    Hi! I had some setbacks but now catching up on payment thankfully. Thank you dlpringle, humblehumanity,goodwithoutgod and lemon for the funding. I am trying all my best to catch up with the loan repayments.

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  • dlpringle    Jun 4, 2014

    Ian: Thanks for letting us know you have communicated with Karen. I was moved by her dreams of success so I funded almost all of her loan when it was in danger of expiring. I hope she is able to achieve her goal and start making repayments soon.

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    • Ian    Jun 5, 2014

      Thanks Dlpringle for supporting Karen. Her dreams can now becoming a reality thanks to your overwhelming support. It's really encouraging to see the support you've given to her. Karen on her part has always maintained a constant communication channel and now she is on track with her repayments.

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  • Ian    May 29, 2014

    I've talked to Karen and she is positive she'll be able to catch up on payment soon.

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  • humblehumanity    May 14, 2014

    Hi Karen,
    Congratulations on your loan. My family wish you success with your business. I would love to see your designs!

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