Sale of ladies' clothes to university staff and students

Simon

Nairobi, Kenya

2% repaid

Entrepreneur

Name

Simon

Member since

February 2014

On-time repayments

300 installments  •  64%

About Me

I am a 39 year old christian, BSc. I.T, talented and with a good will for life. Married to Mary and we have two children.
I have have now been promoted as the head of academics from a teaching assistant in a Nairobi based institution called Kenya Christian Industrial Training Institute.
I was born in Nakuru in a family of seven and I was brought in Nairobi where I live with my wife and daughter to date. I have been doing poultry business and I also own a shop that sells purses and handbags.
I want to rear goats. Kenya is an Agricultural based country. Goat rearing does not require much land and do not bear high cost to run. The site of the project will at a small land owned by our family. I will purchase does and bucks of one year of age so as to maximize on the loan.

My Business

Goat farming requires less capital and investment than raising any other livestock. I will start goat farming business with a very small investment but in the result I will get more profits than any other livestock.
I will earn some extra money by selling manure to crop farmers who use goat manure in their field because it is a very high quality organic fertilizer, I will sell goat meat it has a great demand locally and this rate is increasing rapidly day by day, I will sell goat milk is enriched with many necessary nutrition elements and it is easily digestible which makes it a huge demand locally and also goat skin has a high demand and value locally.
After the goats have reproduced, I will sell young ones at a profit in order to maintain a healthy maximise on the profits.
The profits will be used to take care of my family, siblings and my dad.

Loan Proposal

Dear Lenders,
I would like to go back to my clothes selling business which is very lucrative. First, I will buy Ladies blouses, trousers, skirts wholesalers in Eastleigh market and Nairobi's whole sale stores. I will buy Blouses at a cost of 1.93 dollars each, trousers at a cost of 2.89 dollars each, skirts at a cost of 1.93 dollars each. I will then sale blouses for 4.81 dollars each, trousers at 6.74 dollars each and skirts for 4.81 dollars. Profit from each blouse will be 2.89 dollars, profit for trousers will be 3.85 dollars and skirts will be 2.89 dollars. I will buy 30 pieces of blouses, 30 pieces of trousers and 30 pieces of skirts at a cost of 57.75 dollars, 86.63 dollars and 57.75 dollars respectively. Total profit for all the three items will be 288.77 dollars. I will be taking the clothes to the staff during the breaks and students during their free time every day. My target is university of Nairobi's Upper Kabete Campus and Lower Kabete Campus which are close to each other with a ladies population of over 20,000.

Lenders,
Kindly consider and approve.
God bless you.

Feedback

2

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$251.00

Date disbursed

Oct 4, 2019

Repayment status

Late

Projected term

5 months

Lenders

Paul Buchheit

Mountain View, United States

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  • Simon    Dec 29, 2023

    Hi all, am requesting to reduce the amount due to the inflation rate in my country.

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  • Simon    Jun 16, 2021

    Due to low saled

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  • Simon    Apr 27, 2021

    Dear Lenders, it has been a long time and kindly accept my apologies. This year God willing I will clear any overdue payments.

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  • Simon    Oct 13, 2020

    Dear Lenders, hope this message finds you well. I thank God that me and my family are safe and healthy despite the pandemic.
    Trade has improved since last week and i will be clearing my existing loan on or before 21st October 2020.
    Thank you for being patient.
    Yours sincerely,
    Simon Macharia

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  • Clement    Feb 5, 2020

    Simon is facing some financial troubles but will readjust his installments kindly bear with him

    regards

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  • Simon    Dec 20, 2019

    Kindly allow me to reduce my weekly repayment.

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  • Simon    Oct 3, 2019

    Dear Lenders, Thank you for your continued support. God bless.

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  • Simon    Oct 3, 2019

    dear lenders,
    I have cleared my loan. thank you for funding my previous project.
    God bless you.

    Regards,
    Simon Macharia

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  • Simon    Aug 12, 2019

    Dear Lenders, today is a public holiday in Kenya and am glad to spend time at home with my wife and two kids

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  • Simon    Jul 15, 2019

    business has been low but i know things will improve as we near the festive season.

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  • Simon    Jun 11, 2019

    Dear Lenders, sorry for the delay that happened due to unavoidable circumstance ( I under went inguinal hernia surgery) towards the end of January, where I spent about USD 1000 both in AIC Kijabe Missions Hospital (Kenya) and nutritious diet during the recovery period at home. However, I am fully recovered and even returned to normal working life. This has been the reason for the delayed payments though I have paid around USD 5 to ensure progressive payment.
    Yours,
    Simon

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  • Simon    Apr 30, 2019

    Dear Lenders,
    I thank God for His blessings.

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  • Simon    Mar 13, 2019

    Dear Lenders, I have paid all outstanding balances. Thank you for believing in me.

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  • Simon    Feb 18, 2019

    Dear Lenders, apology for my late payments. I was hospitalized and underwent an open inguinal hernia surgery on 29th January, 2019. Am recovering at home. I will ensure I repay on time Immediately I get back on my feet. Currently I am still a little weak to return to work fully. However, I will be working from next week.
    Regards,
    Simon

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  • Simon    Dec 31, 2018

    Dear Lenders, I wish you happy holiday and New year. 2019 I will perform better than this year, in terms of repayments.
    Good bless all my Lenders.

    Regards,
    Simon

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  • Simon    Nov 15, 2018

    Dear Lenders, business was not good and that is the reason i would like to decrease my payment amount.

    Regards, Simon

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  • Simon    Oct 9, 2018

    Dear Lenders,
    I am still working out to ensure that my payments are up to datre and also increase repayment amount. Am treating this as urgent and important.
    I also thank Zidisha for revamping their website.
    Thank you for your patience.
    Regards,

    Simon Macharia

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  • Simon    Aug 8, 2018

    Dear Lenders,
    Am readjusting my finances due to the loss of my Dad where large amounts of money was used to cater for his medical bill and funeral expenses.
    Am will focus to start inrease my repayments once am back on my feet financially.
    Apology for this inconvinience.

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  • Simon    Aug 8, 2018

    Dear Lenders,

    I promise to clear my repayment debts as soon as possible. Am working on paying.
    My Sincere Apology for my lateness.

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