Loan to venture into sale of school uniform

Ivy Wanjiku

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Ivy Wanjiku

Location

Mombasa, Kenya

On-time repayments

205 weekly installments  •  20%

About Me

My name is Ivy Wanjiku Wanja, born of a single mother 21 years ago. I was brought up in Mombasa town and went for my primary and secondary school in the same area. I did my secondary school exam in 2012 and later joined Kenya Institute of Management where I did a certificate course in computer applications. I am now looking for a job, but due to scarcity of job opportunities, I decided to start a business of selling second hand clothes.

I occasionally do promotional work on part-time basis at supermarkets and malls where I market branded products mostly from multinational companies.

My Business

I deal with selling of second hand clothes. I started this business late last year just after clearing my college education.

This was made possible by my mother who gave me the initial capital to start off the business. However, the funding was not adequate and my business has not grown to the level that I wanted it to grow.
I normally source my used clothes from local markets and I target office workers who are my main clients. Through Zidisha loans, I recently started supplying uniforms to various schools with much success. I intend to build on this momentum to grow my business even further.

I am very excited about a possibility of getting credit from Zidisha because I have tried from other lending institutions without success.

Loan Proposal

I believe success begets success. My first loan with Zidisha is a real success story as I had indicated earlier. It has made me have confidence in myself and it is real new brave world for me. I have never been so optimistic in my business and I now want to upgrade my business and open a school uniform section.

I have spoken to a number of schools suggesting that once I start they will be referring their pupils to my shop. The response so far has been very positive and if given more funding I will start this project straight away. I have also made contact with a number of suppliers and they are all willing to do business with me. My excitement is palpable.

I have targeted three schools in this venture. One full set of school uniform made up of skirt, blouse, sweater and ‘T shirt’ will cost me about @15 and then I sell at @19.5. With this loan and a bit of my savings, I am planning to buy 50 sets of uniform at a cost of about $550 (I am hoping to get a small discount). With this investment, I am hoping to reap anything between $180 and $220 within three months hence my excitement.
This is a dream that I believe you help me realize through your funding.

Feedback

5

None

None

  • ccs36    Jan 31, 2015

    Wonderful again Ivy! I hope and pray your business continues to improve. I'm glad I can be a part of your success.

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  • howard    Jan 30, 2015

    Brilliant repayments, Ivy. It is a pleasure to be part of your loan.

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  • ccs36    Sep 2, 2014

    Ivy is an entrepreneur to watch! She's taken a little and made a lot out of it with solid and sound plans for the future. Excellent communication and repayments.

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  • Robert D    Aug 29, 2014

    Ivy is an excellent businesswoman & very quick with repayment.

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  • howard    Aug 29, 2014

    Thank you, Ivy, for your excellent repayments - even a little bit early.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$474.65

Date disbursed

Sep 1, 2014

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Lender interest: $474.65 at 6.92% annual rate over 7 months = $19.58

Service fee: $14.15

Lenders

Robert D

Houston, United States

H

howard

Vence, France

T

tontonca

United States

C

ccs36

United States

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  • TomF925    Aug 27, 2017

    Thank you very much for the update. Glad her baby is doing better. Perhaps reschedule to the loan for a smaller weekly payment.

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  • Jane Wanja    Jun 27, 2017

    Hello lenders, Ivy closed her business after her baby became very sick. The baby has been in and out of hospital for the last one year but he is now much better. She is hoping to get a job soon and start repaying her loan.

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  • ccs36    Oct 15, 2015

    Hello Ivy!

    How has everything been going with your new baby and your business?

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  • Ivy Wanjiku    Apr 15, 2015

    To my lenders, I have decided to reduce my weekly installment to KES 500.00 As stated on my profile, I am nursing a new born baby and this has meant that I take some time off from my business. This has affected my income and the my expenses have also shot up to the little one.

    I hope to be back to normal very soon and I hereby ask for your understanding. Thank you.

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  • Kerry Tiedeman    Mar 1, 2015

    My name is Kerry and I am a Client Relationship Intern for Zidisha in Kenya. I have been stationed in Nairobi and meeting borrowers there, but for the week I've decided to leave the capital city and head to the most important coastal city of Kenya, Mombasa. That is where I met Ivy, a young mother who specializes in selling uniforms to schools.
    Ivy just gave birth to a beautiful boy three weeks ago. He was born about three weeks premmature, so when I visited Ivy she had only recently left the hospital. She said that bay Aiden could practically fit in her one hand. Now he's healty and growing fast. I was invited into her home that she shares with her mother and brother, who have both been a big help, especially since her boyfriend works in Nairobi to help support the family. She is taking a small hiatus from her business or a maternity leave, but she sat down to talk to me about how it began.
    Ivy is only 22 years old and after secondary school, she began selling used clothes.It was challenging sine when you purchased inventory all you knew about the clothes before buying them was what type of article of clothing it was. They came in large bails labeled "shirts" or "trousers" and you could only see the contents after purchasing. Ivy performed well though, and with the help of Zidisha she was able to purchase the bail. The shirts that didn't sell she sold to an Aunt in the village, and with the profits was able to rent a cabana for a business location.
    Ivy's mother was the one to inroduce her to Zdisha. She has had a salon in downtown Mombasa for many years. She came to the house to meet me and generously bought Fanta for the occassion. She is very well dressed and is beaming from being a proud grandmother.
    With the second loan Ivy decided to branch out into selling school uniforms. She began approaching private schools and securing small contracts to provide the school uniforms for the year. I asked her how she did this, and she told me "you have to be confident." After securing contracts, Ivy then goes to a trusted local tailor to make the uniforms. With the profits she has reinvested in the business and helping to pay the medical and other costs of having a new born. Ivy is optimistic and hopes that within about three months she will be at it again, when the baby is slightly older. After getting to now her, I have complete faith that this business will expand and she had her young family will do well. She has a great support netowrk with her mother an brother. I'm looking forward to following Ivy, especially since we are now friends on facebook!

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  • ccs36    Jan 31, 2015

    Ivy,

    I'm glad I can participate in your 3rd loan! I know my total amount isn't that much but I'm proud to be able to support you on your path to business success.

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  • Ivy Wanjiku    Jan 31, 2015

    Thank you so much dear lenders, I can now proceed with my investment plans.

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  • Ivy Wanjiku    Jan 30, 2015

    I am happy I have completed repaying my second loan with Zidisha. I must admit that I was a bit apprehensive when I got the money since I was trying a new venture and I was not very sure of its success. To my pleasant surprise, my uniform business did sufficiently well and this enabled me to repay the loan on time – in fact before schedule.

    The business has grown exponentially and I now have many orders to supply to various schools and I am hoping to get funding again to enable me cope with the high demand. The flip-side of all this is that I have been very busy and I hardly get time to update my dear lenders on my progress. I hope to find time very soon and send you some photos of my work.

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  • ccs36    Sep 29, 2014

    Hello Ivy,

    How has the uniform business been so far? Has it been as successful as you hoped?

    I just wanted to make sure everything is going well for you.

    Thanks.

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    • Ivy Wanjiku    Oct 28, 2014

      hi ccs36. Sorry for the late reply. I have been very busy of late hence the delay. I started my uniform business and I have already delivered 50 sets to different school in the neighborhood. I will file a comprehensive report soon. Thank you for your support and encouragement. With people like you close to me, I am confident I will take my business very far.

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      • ccs36    Nov 4, 2014

        Ivy, That is wonderful news! I hope and pray your business continues to grow.

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  • Ivy Wanjiku    Aug 30, 2014

    Thank you lenders for your contributions. Special thanks to razzzz0815 for his generous boost. I will keep you posted.

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  • Sanou Fatogoma Robert    Aug 30, 2014

    Dear lenders, my name is Robert and I live in Bobo Dioulasso, located in the western part of the city Burkia Faso. I come to you to ask you to accompany me so that I can truly work. Right now it is a very favorable period for my mobile phone trade and support me is truly indispensable. so visit my page and you'll see the very beautiful pictures in my little shop. Please follow this link
    www.zidisha.org/fr/microfin...

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  • Alex Murithi    Aug 30, 2014

    your business idea is so inspiring..hope u make it big ivy.all the best

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  • razzzz0815    Aug 30, 2014

    Hey Ivy,

    Liked your business a lot and just donated the remaining amount, keep up the good work and us up to date how things work out. Good luck!

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  • ccs36    Aug 29, 2014

    Ivy,
    I know it's not much so far. It's just what I have free in my lending account. Once I get more in there I'll be sure to add to your loan!

    Congratulations on starting and growing your business with well thought out plans and goals!

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    • Ivy Wanjiku    Aug 30, 2014

      Hi, ccs36, I am glad to let you know that my loan is now fully funded. Thanking for showing trust in me the second time.

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  • Ivy Wanjiku    Aug 29, 2014

    Thank you howard, and robdoby for contributing again.

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  • Jushua Mwiti M'eringo    Aug 25, 2014

    Keep up goog job Ivy. Al the best..

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  • Ivy Wanjiku    Aug 25, 2014

    In June this year, a friend introduced me to Zidisha and this marked a major milestone in my life. I am in business of selling second hand clothes but for a long time, my business was constrained by low sales volumes due lack of adequate stock.

    I needed credit badly and getting it from local banks and micro-finance was out of question because of the nature of my business and my young age. Zidisha solved my credit crunch because I was funded within a week and with this money, I was able to buy bale of clothes.

    This changed my business outlook and it has attracted more clients to my business. Running this business has never been so exciting – thanks to Zidisha credit.

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    • ccs36    Aug 25, 2014

      Ivy,

      I'm glad I could help you enhance your life. Likewise, I joined Zidisha in June. I was seeking something better than traditional micro-finance like Kiva especially once I saw what they charge in interest for people like yourself.

      I wish you continued success in your business and greater profits in the future!

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  • ccs36    Jul 25, 2014

    Hello Ivy,
    I hope the loan has helped your business a great deal. Have you seen the increase in sales and profit you wished for?

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    • Ivy Wanjiku    Jul 31, 2014

      Hi ccs36, The loan has helped me a great deal. I bought a bale of assorted clothes and I have managed to sell about half of it. I have made some good profit out of this as evidenced by by loan repayments. I will post a more comprehensive report soon.

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  • Robert D    Jun 27, 2014

    Good luck in your venture, Ivy.

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  • Ivy Wanjiku    Jun 27, 2014

    Thank you so much robdoby for your HUGE contribution. Thanks Jeffb and all other contributors. I wish you success in what you do.

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