Loan to purchase plastic goods for my shop

Nelly

Kosirwonin Village, Kenya

100% repaid

Entrepreneur

Name

Nelly

Member since

March 2014

On-time repayments

360 installments  •  22%

About Me

My name is Nelly Jepkorir Rutto from Baringo north a district in the Rift valley.I am the eldest in my family and very lucky to be in campus.I have a brother and two sisters who are in secondary school and this makes my parents strain financially because my mother is unemployed.I decided to open a small business where I sell men clothes,so that I save some money which I use to pay accomodation fee,for upkeep and part of my school fees in school.I do this on weekends and also evinings when I have finished my classes.Right now we are on long holidays untill september.

My Business

I run a couple of businesses .I started off with men clothes and with a push from zidisha,I expanded the business.I buy men official shirts in bales and sell them(second hand).A bale is about $120 and contains about 50 shirts.I make around 95percent profit from selling these shirts.I used my second loan to add stock and some plastics to my shop and it is also doing well.I used my fourth loan to buy a smokey trolley but I had to put it on hold after we resumed to school.I did not find someone who could do the business for me.My business is doing really well and I had saved enough to purchase a laptop for school work.Some of the profits go to rent,accomodation money andalso help out my family.
I am also the owner of https://sleep-101.com.

Loan Proposal

I will use this loan to buy plastics such as basins,jugs ,stands,spoons and several other loan appliances for my shop.My brother who has just cleared his secondary education will help me run the business while I am at school.I promise to pay back on time and it will not be disappointment to my lenders.The location of the shop is a very good place at the center of a market place and so it will be seen by many people who will purchase them.After studying closely the people's want,I realized that they needed a lot of them especially the salons who need stands to put their stuff in

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$48.00

Date disbursed

Dec 1, 2014

Repayment status

On Time

Projected term

2 months

Lenders

H

howard

Vence, France

dlpringle

Denver, United States

begood

United States

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