Loan to purchase more stock for my business

Linet

Busia Marachi, Kenya

100% repaid

Entrepreneur

Name

Linet

Member since

October 2016

On-time repayments

233 installments  •  81%

About Me

I am a thirty five year old kenyan female born in a family of two. i was raised up by my parents in the villages surrounding busia. i went to busia airstrip primary school our lady of mercy high school where i did my o levels.later i joined makerere university where i did a degree in economics.after sometime of job searching i was employed as afield officer at some non govenmental organisation in busia. i enjoy my work and put in the necessary effort. this has seen me promoted to assitant manager position.

My Business

i have worked for sometime but realized that my income cannot support all my needs as i cannot fully support my family,continue with education and other ventures.this has made me to start running a small business where i buy some household goods such as soap clothes and others.my business is doing well and i see myself somewhere after sometime.in a month i get about 3000 dollars as revenue and 1000 dollars as profit.i use my time after work visit potential customers and this makes me fell i use my time well.

Loan Proposal

high lenders i am requesting for a loan of kes 2681 to add more stock to my business.this money is really going to have a positive effect on my stock quantity as well as profitability.my customers are enjoying good supply of clothing that would have made them travel for long distance looking for them.

My Videos

Aug 18, 2021: My clothing business

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$27.00

Date disbursed

Mar 19, 2017

Repayment status

On Time

Projected term

6 months

Lenders

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

Ask Linet a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Linet    May 3, 2022

    Due to the hard times that I am experiencing in my business I cannot manage to pay the whole amount.

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  • Linet    Feb 22, 2022

    Due to the high cost of living I am unable to to pay the full amount of my loan but promise that when situations improve i will also pay my loan as scheduled.

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  • Linet    Feb 22, 2022

    Due to the high cost of living, I am unable to pay the full amount stated but when the cost of living improves i will pay as required.

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  • Shellemiah    Dec 8, 2021

    dear team
    she was not available as I had to contact one of his referees and told me that he will remind him to pay or reschedule his loan accordingly.

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  • Linet    Oct 5, 2021

    Hi Zidisha Team,
    I have decided to adjust the instalments due to the low incomes as a result of high cost of living I a experiencing.
    I promise to adjust when things improve.
    Thank you for understanding.

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  • Justus    Oct 4, 2021

    Linet has promised to repay the loan

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  • Linet    Sep 13, 2021

    Hi Lenders,
    I am excited to say that i received my loan and the money is already in circulation!
    I have managed to add stock and all i can say is that I am confident with Zidisha and also very confident that despite the pandemic I will work hard to repay the loan and borrow more for my business expansion.
    I am proud of you zidisha.
    Thanks,

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  • Linet    Sep 1, 2021

    Hi lenders,
    I must confirm that i am so proud of you. You have made this happen and i have confidence in you that it will continue being possible. I plan to increase my stock and diverse it in the sence that i will also include mens wear.
    This will help me a great deal i.e meating my basic needs and my kids and also meating my customers needs.
    A gain to you my lenders, i say thank you for enabling my project happen and also enabling me leave a comfortable life through the funding of my project which has enabled me earn a living.

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  • Mary    Aug 29, 2021

    I hope you can add some fast selling stock to your business Linet!

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  • Ren    Aug 18, 2021

    Dear Linet,
    I am glad you were able to repay your loan - I'm sure it wasn't easy with all that is going on in the world. Good luck with your new loan!

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  • Linet    Aug 18, 2021

    Hi Lenders,
    I am excited to borrow anther loan and hopping that you will lend me.
    The previous loan really made a difference in my life and my business as a whole.
    I was able to continue my business despite the pandemic as i had ready capital and also was able to pay children school fees and put food on the table at the end of the day.
    I am happy to be associated with Zidisha more so my lenders.
    Regards,

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  • Linet    Mar 4, 2021

    Due to economic hardship I am unable to pay the amount.

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  • Madesto    Mar 3, 2021

    i called linet but she promised to repay her loan in the course of this month.

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  • Linet    Dec 15, 2020

    Due hard economic times being experienced I am unable to pay the full amount.

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  • Linet    Nov 6, 2020

    I am unable to pay the installments in full because of the effects of the pandemic,
    when the situation normalizes will up my game.

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  • Linet    Sep 25, 2020

    Due to hardship due to the corona pandemic, i have not been able to fully pay my installments but i promise to up my game when situations normalize.

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  • Linet    Aug 25, 2020

    Hi Zidisha Team,
    I hereby adjust may loan payment due to the the collapse of my business and working to see it revived. since i have other obligations i feel i may not be able to pay my loan fully and therefore adjust to the above amounts.
    Regards,

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