More stock for my clothes shop

Kibet Machuki

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Kibet Machuki

Member since

September 2016

On-time repayments

203 installments  •  35%

About Me

I was brought up in a Christian family in Nakuru,went through primary ,secondary and university level.I hold a Bachelor's Degree in Economics.
I went through various hurdles in life and later ventured into a small business using little capital.
I love my culture as it's the only culture that accepts any individual. Love playing football.

My Business

I have a business that deals with clothes for all genders and shoes for women. I get the clothes monthly from USA and some from Uganda and Tanzania then sell in Kenya. The items are in huge demand and I have lately been trying to increase my stock and luckily it's working out well and want to do more and more. I chose the business because of the less competition , profitability and also because of a potential market(Students from the nearby University and also the local communities).
Costs incurred is roughly Ksh.205500 and a gross profit of Ksh.420000 is realized.These profits have greatly improved thanks to Zidisha for boosting my stock and thus resulting to increased earnings. I use the profits to reinvest into the business by increasing stock and also paying my siblings school fees.

Loan Proposal

Currently, demand is so overwhelming on the women clothes section. I am going to use this amount to improve the stock on the women section which I seriously need to meet the current demand.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$155.00

Date disbursed

Nov 11, 2016

Repayment status

On Time

Projected term

3 months

Lenders

D

DandS

United States

B

United Kingdom

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

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  • Kibet Machuki    May 21, 2020

    low cashflow

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  • Kibet Machuki    Apr 10, 2020

    With the loan i received ,i added stock to my business.I managed to make more earnings and also opened another branch.It also gave me an opportunity to serve my customers well.Thank you Zidisha.

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  • Kibet Machuki    Mar 1, 2019

    I am waiting for some money mid next month.

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  • Kibet Machuki    Oct 19, 2018

    i have been out of the country for 7 months,i have now come back and settling back. sorry for my delays

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  • Kibet Machuki    Jan 16, 2018

    With the loan I received,I purchased a new batch of stock for my business. I bought clothes for men and women,shoes for women , hand bags and school bags.
    This has really enabled me venture into another business of bags and it's actually selling very well.
    Moreover,my customers are really happy and they feel appreciated. My earnings have now increased by Ksh. 66,450 as profits. I have used the profits to reinvent back into my business and paying school fees for my brother.
    My brother is also doing very well in school and he's equally happy that he call now learn without interruption of being sent home for school fees.Thank you so much my Dear lenders and Zidisha.

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  • Kibet Machuki    Dec 5, 2017

    There's a low cash flow at the moment.

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  • Kibet Machuki    Nov 20, 2017

    This is to confirm the receipt of Ksh 120095. I have today received the added stock for my shop. This has been made possible by the loan that i was granted and my stock has really improved. The photo of my shop after adding the new stock is shown below. Thank you my dear lenders.

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  • Kibet Machuki    Nov 14, 2017

    With this loan,I am going to purely use it to add more stock in my shop. This will make more products available for my customers and will also increase my profits by upto 21%. Thank you so much my dear lenders. I love you all.

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  • Kibet Machuki    Oct 31, 2017

    With the loan I received,I bought stock for my shop. This included trousers,shirts,blouses and skirts.
    I also added women shoes on my shop and surely my stock has really improved. This also gave me an opportunity to introduce more people to zidisha since they were really inquiring where I got the loan thus promoting zidisha community.
    My earnings have increased by 42 percent and I have used the earnings to reinvest back into my business and also paying school fees for my younger brother. Thank you so much Zidisha.

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  • Kibet Machuki    Oct 3, 2017

    Hallo lenders,I would like to update you on tje performance of my business. My business has really grown and it's doing very well. My stock has really improved unlike before;before joining zidisha
    Thank you so much for the overwhelming support.

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  • Kibet Machuki    Aug 12, 2017

    With the loan I received,I did add more stock to my shop. I now have a good amountof stock and my customers have a wide range of products to chose from. Am so happy for my lenders and zidisha at large for enabling me reach this far. Thank you so much.

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  • Kibet Machuki    Jul 23, 2017

    I have started expanding my business room and as a result I have diverted most of my income towards the project. This will enable me have a larger room. I would therefore like to reduce my repayment amount temporãrily.

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  • Kibet Machuki    Jul 4, 2017

    This is to confirm that I received Ksh. 71829. I have bought stock in my house and surely there's a very big difference in my shop. Thank you so much my lenders. With in forever and ever.

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  • Kibet Machuki    Jun 30, 2017

    Thank you so much mu dear lenders.You have always been with me.I love you all so much.
    I am going going to use the loan to add more stock in my shop. This will really boost my stock and also enable my customers choose products from a wide range of products. Thank you so much once again.

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  • Kibet Machuki    Jun 24, 2017

    With the loan I received ,I purchased more clothes for all genders. This really boosted my stock and I am a living that zidisha has made a huge positive impact on my business. My earnings really increased by upto 26%. The students are now back from the holiday and I have really made good sales that have made me repay a good amount of my loan.
    I used the business earnings to reinvest back into my business amd I am really looking forward to a greater business success.
    I dedicate this success of my business to my dear lenders. You mean a lot to me and i love you all.Thank you so much.

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  • Kibet Machuki    Mar 6, 2017

    I have paid business permits for this year and i have used the rest to purchase more stock. Therefore i would like to adjust this week amount.

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  • Kibet Machuki    Feb 18, 2017

    This is to confirm the receipt of Ksh.42,819. This has really boosted my capacity to add more stock to my shop. I am going to use this amount to purchase clothes for all genders which are in huge demand. Thank you so much my dear lenders for the overwhelming support you have given to me. I love you all.

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  • Kibet Machuki    Feb 13, 2017

    My dear lenders, what could I have been without you?You mean everything to me and my business stands because of you.Thank you so much.
    I am going restock my shop with clothes for all genders and this will boost my sales this being month of love. Thank you so much once again.

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  • Kibet Machuki    Feb 6, 2017

    I added all-gender clothes and ladies shoes into my shop and this has been continuous ,using the profits generated and reinvesting back into my business.My profits have been significantly increasing and up to date,it averages 32 percent and a lot more is in store for my business in future. Thank you so much my dear lenders and Zidisha ,you put a smile on my face.

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  • Kibet Machuki    Jan 28, 2017

    Most of my customers cleared their their arrears on commodities they had taken in high purchases and also there was an increase in sales this week and there i would like to make an increased installment.

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