Purchase ready-made clothing stock from Uganda

Edith

Njoro, Kenya

3% repaid

Entrepreneur

Name

Edith

Member since

March 2014

On-time repayments

119 installments  •  1%

About Me

I am a married woman with one child,i stay at Ngondu village near Egerton University. I come from a family of five three children I being the first born and two brothers after me.I suport the family from my business especially my brother who is an under graduate at egerton University.I am a graduate from Egerton University and I studied Bachelor of science in Community Development.After a .long search of job when I finished my under graduate In 2011 I decided to start a business by the knowledge attained during my course work in bussiness classes.The type of business is a boutique.The boutique helps me to to support my family financially especially when the profit is so high like Christmas period and Easter period.

My Business

MY BUSINESS PROPOSAL:
My business is situated in Egerton University 50m from the gate.The business is a Boutique where by I deal with selling ready made clothes,I purchase my stock from Uganda where the prices are cheap.My customers are mainly the staff from Egerton University and partily the students.They prefer my goods because they are original,fair in price and also within the market place.I purchase the goods cheaply in Uganda thus able to sell them at a fair price compared to other sellers.The risk that I have is that my customers sometimes come and buy goods on credit and promise to pay early yet they take longer than expected to pay thus makes a delay in adding stock.I make a profit of 2,000/= per day thus 60,000/= per month although when the business is down I make a profit of 40,000/= per month.The cost is used to cater for my domestic use and I will use the same to pay my Zidisha loan.

Loan Proposal

I WILL USE THE MONEY TO BUY READY MADE CLOTHES FORM UGANDA WHERE THEY ARE AVAILED AT A LOWER PRICE AND SELL AT MY BORTIQUE AT A RESONABLE PRICE. I WILL USE 3500/= FOR TRANSPORT AND 1500/= FOR MY ACCOMODATION. THE REST WILL BE USED TO PURCHASE CLOTHES. EACH DRESS COST 500/= WHICH I WILL SELL AT 1500/= THUS MAKING A PROFIT OF 1000/= PER DRESS. THE TOTAL PROFIT WILL BE 16000/= THIS WILL ENABLE ME PAY MY LOAN TIMELY AND EXPAND MY BUSINESS BY PURCHASING MORE STOCK.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Mar 25, 2014

Repayment status

Late

Projected term

27 months

Lenders

JLadieu

Bellingham, United States

K

Kerkeslager

Richmond, United States

L

Lemon

Switzerland, Switzerland

A

anagnan

BRUXELLES, Belgium

E

Escalada

Bakersfield, CA, United States

C

cranejoad

cazenovia, United States

dlpringle

Denver, United States

T

thebonseung

Republic of Korea

B

Boeing777

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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  • Edith    Feb 8, 2016

    My business has improved a little bit and I have decided to increase my installments.The have resumed school and being my main customers they have been coming in large numbers.

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  • Edith    Dec 17, 2015

    Dear lenders I am sorry for not paying back the loan I was given.I have been having problems my business has gone down because my customers have travelled because it is a holiday.Its has now picked and I will start paying.Thank you for your understanding.

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  • Edith    Oct 16, 2015

    my business is picking well this season my customers have brought my debts .thank you my lenders for being kind to me by funding my second loan it assisted me to stock my shop with better clothes hence increased my buyers this made my income to go up by 40%my life has improved . i stay in a better house

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  • Edith    Aug 22, 2015

    Dear lenders I had an accident and was admitted in hospital for a while.The hospital bill was quiet much and cost me a lot of money.That is why I was unable to repay the loan.I have gone back to business and it has begun to pick. I promise to pay back. Thank you for your understanding.

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  • Edith    Jun 20, 2015

    I traveled for a funeral back home upcountry and I stayed there for a long time and my business was affected when I came back.I have picked up again though most of the business money I had was used on the funeral expenses. I hope to repay back the loan soon.Thank you lenders for supporting my business.I have managed to pay fees for most of my family members.

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  • Edith    Apr 4, 2015

    the season is very low hence business is very low due to the long drought season that has been in our country hence this has affected my business .currently iam hoping the business will pick because it has started to rain and now the ecomy is geting back to normal my customers will resume .my customers are now calling me and the business will resume sorry my lenders i purpose to finish this loan very soon and be able to get another one soon

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  • Edith    Dec 4, 2014

    my business has improved so i ca be able to repay my loan faster since this is christmas season may people are buying clothes .my lenders thanks for your patience soon you will enjoy my story.this holiday many customers want to shop clothes for their families hence pea season for my business .my business has bee low since 3 moths ago i would like to pay faster ad maxmize profit i this season

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  • Edith    Sep 11, 2014

    my business has gone down again it has not picked please lenders bare with me i will try to improve on my pay ments .i have decided to get apart time job since the business is down to help me pay my bills so that the business can repay the zidisha loan faster. this will help my business to pick because it will not be overloaded.thank you so much i hope you will bare with me .i promise to improve from next month

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  • Edith    Aug 7, 2014

    my business this month has been affected most of my customers are students from the university and they have gone home for holiday my sales have gone down so this week i will not pay but when students open i will pay my arrears and increase my weekly payments .most of my customers who are students buy when they open in september .lendres you will be patient with me for this month but i promise to change next month tough i will repay the eekly payments in little but iwill increase next month

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  • Edith    Jul 14, 2014

    dear lenders this week i will not make it to pay my loan i have a sick child i am attending to so i will not make it this week but i will pay double to compesate for this week since the business is personal and i dont have any body to help me while i am away in hospital admitted hope you will bear with me

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  • Edith    Jun 30, 2014

    i have rescheduled my loan because this week iam not around i will be attending a special meeting workshop in Nairobi and this means i will close the business for 2 weeks i will come back and pay my weekly intalments at 320/= per week .this mission is urgent i had not planed to go but i got an invitation and the notice was short please lenders kindly be patient iwill pay when i get back next week

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  • Edith    Jun 11, 2014

    my business went down as a result of the domestic problem i had so please kindly allow me to reshedule my loan i will be able to repay better from next week my sales are als affected because the season for clothes is low once the season picks i will be able to repay my loan shorter than the period indicated

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  • Edith    May 29, 2014

    it seems you take too long before you credit the money on the account this causes embarasement to the refeerees because they begin complaining iam just reshuduling the loan but i have already paid it this is just to avoid messages that you send my contacts because they feel bad.i will continue paying or i plan to pay in advance to avoid this problem.thank you

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  • Paul    May 26, 2014

    please ive mediated edith she has a domestic problem kindly allow her to repay the loan using the she requested this is ahard case she says you returned the money iam in siaya and she lives in njoro i would request that you give her avm who lives near

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  • Edith    Apr 18, 2014

    iAM VERY SORRY MY LOAN HAS DELAYED IN PAYMENT THIS IS BECAUSE I HAD ADOMESTIC VIOLENCE WITH MY FAMILY MY HUSBAND I SUFFERED AND WAS BADLY INJURED MEAN WHILE MY MENTOR SHEILAH AMBOYE HAS CONSULTED ME AND I HAVE AGREED TO BE REPAYING MY LOAN BUT USING ANOTHER LINE PLEASE THE LINE I WILL BE USING OR TELEPHONE NO IS FOR MY MENTOR TILL I GET WELL SINCE MY HUSBAND TOOK MY PHONE AND DOES NOT WANT ME TO CALL ANYBODY MEANWHILE IAM IN HOSPITAL AND SINCE THIS IS ACRIMINAL CASE PLEASE I WILL BE PAYING THE LOAN USING 0720812071 . THE INTALMENT WILL CHANGE SO THAT I CAN AFFORD TO PAY SINCE IAM OUT OF BUSINESS FOR SOME MONTHS

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