Managing a ladies' fashion shop

Karanja

Thika, Kenya

88% repaid

Entrepreneur

Name

Karanja

Member since

March 2014

On-time repayments

297 installments  •  73%

About Me

My names are John K. Kinyua born in 1984 2nd Oct having a small business in town of Naivasha. I am from a family of three brothers and one sister, both are in different horns of Kenya, my sister being the last born she is married with four children. She is also a business woman who purchase clothes, new shoes from a foreign country bordering Kenya, Uganda and have a market place in Kenya.
Second born is my brother who is a local farmer living in Kiambu with his family.
Am the third born, am ambitious i have a faith i will be a big businessman in future with a target of being a self employed.Doing something very different as many fellow youth only ought after collage, universities to be employed.thank a lot Zidisha.

My Business

I have been in a business for a period of two and a half years. Before I decide to start a business I first lay out a research and find out the ladies tend to go to market often, man rarely. Ladies strictly stick to fashion, while men rarely do. with this research and many more i choose to stand a business of ladies in nature. (selling shoes and some clothing). My business earns an average of ksh.15000 per month and more of the amount at the end of the year IE (October, November and December). The risk that will mostly occur is that at times i do sell my goods at a hire purchase so it delay to add stock.business is the only way in Kenya.sometimes back i only relayed on employment but i find out is not lucky on me because it was on contract basis, so solution for that was to self- employment.what i do like in the business is that i will work for long hours than the Kenya recommended hours for people employed.moreover in case of emergency or an avoided circumstance i can either close my business or someone help on that.thanks alot Zidisha and Lenders.

Loan Proposal

First and more, will like to thank the Zidisha and lenders fraternity for really what they are doing to improve peoples life's to nurture peoples businesses, its with grate honor,KUDOS TO ALL.The previously loan i did really good with it. first and for most i expanded my kiosk,i started by buy the strong posts heavy plastic bag. The i hired one fundi whom we expanded kiosk with.Second i bought more women bout and women fancier dresses. for this i have increased my interest from 15,000Ksh to 18,000Ksh. Now the holidays month is coming school are also closing we call high pick time, i now request for anothe loan. Be bless.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$385.00

Date disbursed

Aug 26, 2016

Repayment status

Late

Projected term

59 months

Lenders

The Zinc Team

San Francisco, United States

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