Purchase of stock

Chrisantus

Githurai 45, Kenya

100% repaid

Entrepreneur

Name

Chrisantus

Member since

April 2015

On-time repayments

38 installments  •  61%

About Me

My name is Chrisantus Omariba Orina 40 years old from Kenya I reside in Githurai Kimbo,Nairobi ,County in Kenya. Iam married with 3 children. The first born is in class one and the last born is still under home care aged 1 years and four months old.
I got my primary education in Kisii Kenya and latter joined Nyamira polytecnic with a craft course in Sewing and dress making
My parents were not well established financially but by Gods grace I was able to finish my education for I was sponsored by well wishers.
After school wasn’t able to get a job ,so, I begun selling selling second and new home items, being focused and working hard diligently to raise money to open up wholesale shop. But dint make it, since the burden to cater for the family needs was to demanding and taking lot of the profits I made from the business.
am in the business of cloth making which has been a sour of living for my family.
the future plan is to expand into other towns

My Business

From selling used and new goods to sewing and dress making and clothes by faith I now employ one trained tailors have two sewing machines . The business has been doing well , the demand for sweaters is so demanding, also during school opening months the demand for school uniforms boost my business. I am able to buy my raw material from manufactures in bulk and getting huge bargain hence make good profit when selling the finished products to the end users.
The customers flock daily into my business due to the creativity of my clothes plus the personal relationship I have with them, even the price I charge them is so affordable that is not comparable from my competitors .my earnings from the business I used to pay for the business expenses, pay my children school fees, house bills and save extra to expand my business.
with alot of stock and sales motivation,the business can thrive and grow tremendously well

Loan Proposal

Am grateful to the Zidisha team for accepting me as one of the borrowers to get cash and expand my business.
Am requesting loan of $100 to help me expand my business output production, since the demand for clothes and sweaters has grown so much, sometimes am not able to meet all the demands and making me send potential clients away.
This loan of $50 will complement my capital of $150, I will spend the loan $50 to buy materials for sewing uniforms and $200 purchase garment material for ready made school uniforms and children suits. Generally every week am able to make an average profit of $20 after paying the business expenses about $60, this leaves me still having enough stock for my business to run smoothly.
This loan will help me improve my sales and also stand to earn big profits; I will be able to repay my loan from the proceeds of the business. Thank you so much lenders for showing interest in my business venture .May the lord who sees in secret rewards those who do good bless you all exceedingly.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jul 30, 2015

Repayment status

On Time

Projected term

3 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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