Loan to increase clothes stock for my business

Catherine

Kayole, Nairobi, Kenya

Funds disbursed

$0 to go

100% funded of $100 goal

0

days left

Entrepreneur

Name

Catherine

Member since

January 2015

On-time repayments

6 installments  •  0%

About Me

My name is catherine Nzuki born in machakos county Eastern part of Kenya. I was raised in a poor Family where my parents were not able to pay school fees for me which forced me out of school for two years to go and work as a house maid in Nairobi to feed my family and save for my school fees. out of the salary i was getting I saved 200dollas and came back home to continue with my Education and was also helped by well wishers to achieve my dreams of finishing High school which was successful. After school, I decided to start a small shop for selling clothes which im still running upto date..My children wants to be Enterprenuers when they grow up because they like what im doing with passion. My hobby is Basket ball.

My Business

I buy clothes and sell them at an intrest price. I sell them in a small market in Kayole kenya. This clothes are highly in demand because most of them are football jerseys which are in High demand and mens wear. I choose this Business Because It is easy to start with small capital does not need you to have alot of money. my cost of revenue is 200dollars per month. I use the profit i get to pay school fees for my two kids,Increase my stock to keep the Business running and provide basic needs for my family.

Loan Proposal

Given this Loan, I will Buy clothes stock worth 85 Dollars
Clothes Hangers worth 15 Dollars.
This clothes sale will be very useful to me because out of it, I get my Basic needs, take my two kids to school and it will help others for Bringing Cheap and affordable clothes to the community. I expect to increase my Business Profit by 20% in the next 0ne month because the clothes that I sell are in High demand which includes football jerseys.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 12, 2015

Repayment status

Late

Projected term

6 weeks

Lenders

A

Andy

Berlin, United States

jan73

Eugene, United States

P

Popcorn

Berkeley, United States

trincowski

Vilar, Vila do Conde, Portugal

Johannes Duerk

Bochum, Germany

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