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
Positive
6
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$48.00
Date disbursed
Dec 1, 2014
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Ask Nelly a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...