Loan to increase stock for my clothing sale business

George Kigecha

Kambaa, Kenya

100% repaid

Entrepreneur

Name

George Kigecha

Member since

February 2015

On-time repayments

298 installments  •  87%

About Me

Growing in a small village ,some 50 kilometers from Nairobi,i went through many problems because my parents were poor.I was bright students but i was forced to drop out of education system to become employed by a successful business man to be hawking along the streets of major sub urban centers .
I used to earn commission ,and sometimes i could go without any money if i fail to sell..
I learnt several survival tactic ,where i could buy my merchandise and mix with my boss' to make some profits also..i did not do the business for long time because i thought the business only benefited my boss.
I left business some two years ago and i have been growing learning new ways of doing business along the solid foundation that i had laid through the self training that i nurtured during the time that we were working the business man.
I have been doing well until i realized that i if i get some boost it would work well for me.That when i learned about the zindisha community .I decided to try.I would very grateful to lenders who would volunteer to take me to the next level.

My Business

My business is about providing almost anything that my customers want.But i specialize with clothing and small useful highly sell able product usually imported.
This goods are useful because they are used on daily basis by many people.
I chose this business because i had an early experience in it and i have. Passion for business since my school years.
I use my profit to support the house hood needs and plan for my future.In our kikuyu culture we value hard work ,and i would want to uphold this values.I want to able to provide for my need full.I have a hope of giving back to the community through charitable work.My call is to donate some surplus to a local orphanage.I have helped teach young boys to grow the spirit of good entrepreneur.
I established the business with only 20$ and have grown to a level of 200$ turn offer.However some social obligation require s me to source capital to re boost it.

Loan Proposal

With 100$ dollar loan,i would use 40 dollars to add the stock of all categories of clothing.I would use 20 to improve my presentation by adding new packaging materials to make customers happy.I already have some reserve of 100 dollars that i always keep for the rainy day.I project faster growth of my business especially with the near found way of borrowing.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.33

Date disbursed

Mar 20, 2015

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $3.99

George opted to pay $79.71 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

R

Raabo

Rungsted, Denmark

investor

Candiac, Canada

TG

The Gwarden

Göteborg, Sweden

P

Philippe

Adliswil, Switzerland

Zidisha

Sterling, United States

sebastienrosa

Quebec, Canada

BJ

Brandon Joz

North Carolina, United States

A

Aleks

Oslo, Norway

A

AustA

Sydney, Australia

J

juliewilson1971

Dhahran, Saudi Arabia

C

CarrotTop

Bangor, United States

A

aiban

Austin, United States

J

JoJoHouse

New Castle, United States

DukusP

Glendale, United States

clemenchiang

Singapore, Singapore

D

doinggood

Missoula, United States

PipPipHooray

Brixton, United Kingdom

A

Austrian

Graz, Austria

ShelbyDove

Los Angeles, United States

P

PhilACK

Brampton, Canada

eastcoastcanuck

Fredericton, Canada

S

samuk

Nottingham, United Kingdom

T

TheBarber

Oro Staion, Canada

D

Dandru

Berkshire, United Kingdom

K

Kinger

Dublin, Ireland

A

Atlantia

Brisbane, Australia

danielytao

Boston, United States

A

Adembel888

Sydney, Australia

K

Katehar

Maple Valley, WA, United States

B

BobJames

Toulouse, France

J

jwharding

Hamburg, Germany

ads68

Melbourne, Australia

Alina

Amsterdam, Netherlands

Zal0m0n

Atlantis!!!! x), Mauritania

Matthieu

Switzerland, France

xtrahardware

Cazenovia, United States

B

Baldnerd69

Cross Plains, United States

T

topher

United States

M

meric

Australia

Paul Buchheit

Mountain View, United States

Pankratio

EastVan, Canada

mepster

San Francisco, Ca, United States

Grant Xavier Storer

Seattle, Wa, United States

ThomasJosef

Berlin, Germany

M

maddierae93

United States

SV

sven vdk

Twickenham, United Kingdom

M

M.Umar

Pakistan

A

adamdreaming

United States

thoru

Dresden, Germany

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