Selling second-hand clothes

Serah Muzyoka

Livingstone, Zambia

100% repaid

Entrepreneur

Name

Serah Muzyoka

Location

Livingstone, Zambia

On-time repayments

81 weekly installments  •  65%

About Me

Am a Zambian lady by the name of Serah Muzyoka .I was born in the year 1987 in the southern part of Zambia in a rural part of a town called monze. I started my school in the year 1995 at a school called Kaloba in Monze west after which i went to do my grade eight and nine in the Western part of Zambia at a school named Limulunga Secondary school in Mongu town. After completing my grade nine I stayed for about two years without learning due to financial challenges. However i proceed with my senior grades later and i managed to complete my grade 12 in 2011 at Masuku Secondary School in southern province of Zambia , though this was done under difficulty financial challenges. I'm currently pursuing a degree programme in Special Education and English at Victoria Falls University Of Technology in Livingstone town in southern province of Zambia and I'm in my third year.

My Business

I started a business to help me support my education and the education of my children. My business deals in buying second hand clothes(bales) and then resale them. These clothes are on demand due to the fact that they affordable to most people unlike new clothes in boutique s that are expensive. I chose this business because it was easy to start even with a small capital because one can start by just ordering few clothes from people selling at a slightly lower price and resale them at a higher price and make a little profit, so you don't necessary need to buy a bale when you're starting.Currently I manage to order two bales of second hand clothes at $400 ,in a week i manage to realise $135.00 with expenses amounting to $11.00 giving me a profit of $124 per week.

Loan Proposal

When I get this loan it will help me increase my orders of second hand clothes and it will help me easily meet my transport costs.

Income Source

I agree with you that many business are really struggling and my business may not be an exception but however I would like to state that our government has really helped us by not closing our business operations, so we are trading normally adhering to the health guidelines and so we are able to make some profits.The other way I will be able to pay back is that I have other income generating ventures that will assist me pay back.

Feedback

1

None

None

  • David    Mar 10, 2021

    Loan was originally scheduled to take six weeks. Smaller, but regular, payments were made, completing the loan in six months. Thank you for your perseverance during these challenging times.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$152.76

Date disbursed

Aug 22, 2020

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: 10% of $152.76 = $17.81

Credit risk payment: $16.03

Lenders

JimVandegriff

Trinidad, California, United States

L

Liz

Nowra, Australia

TomF925

www.AfricaLeap.com, United States

AV

Alex Victor

Scottsdale, United States

petter

Finland

Joost

Noord Brabant, Netherlands

Sayuri

United Kingdom

KM

Kirk Moore

Cerdanyola del Vallès, Spain

TA

Tiwa A

United States

A

Andy

United States

J

John

United States

FJ

Frank james

United Kingdom

Ask Serah a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Serah Muzyoka    Sep 24, 2021

    Am finding challenges with my business currently but I will adjust it higher as things improve.

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  • Serah Muzyoka    Sep 11, 2021

    Iam currently facing challenges with my business but I will adjust my instalment upwards as soon as things improve.

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  • Serah Muzyoka    Sep 10, 2021

    I have been facing financially challenges but I will adjust higher when business gets better.

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  • Serah Muzyoka    Aug 28, 2021

    My business has been slow of late.I will however be committed to paying back.

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  • Serah Muzyoka    Jul 18, 2021

    Business is currently slow but I make upward adjustments as the business improves

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  • Serah Muzyoka    Jul 4, 2021

    I would like to acknowledge that I have received the funds amounting to K9,199.I will buy my second hand clothes.Thanking you for your unwavering support.

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  • Serah Muzyoka    Jul 3, 2021

    I will be able buy more second hand clothes.This will help me get more profit and help me pay for my tuition fees easily

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  • Sophia    Jun 23, 2021

    Good luck! Best wishes!

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  • Serah Muzyoka    Jun 20, 2021

    My previous loan was very helpful I was able to increase my orders and made an increase in my profits.Thank you so much.

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  • Serah Muzyoka    Jun 4, 2021

    Business has not been good of late but I may readjust my instalments high depending on how business will be.

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  • Serah Muzyoka    May 15, 2021

    Am glad to inform you my lenders that I received the amount K3592 and will go ahead and buy Second hand clothes.I will always be greatful for your continued help.

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  • Serah Muzyoka    May 12, 2021

    Am happy I received the loan amount that I requested for. May the Lord bless the entire.

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  • Serah Muzyoka    May 6, 2021

    I will be able to increase the quantity of clothes that I will order and this will increase my profits.Thank you for your continued support.

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  • Serah Muzyoka    May 2, 2021

    Greetings my beloved Lenders,
    Am greatly excited to let you know that the previous loan you assisted me had alot of positive impact on my business which made me quickly be able to pay it back even before time.My profits shot up due to the increase in the orders I made because of the loan I took.Thank you so much for your continued support.

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  • Serah Muzyoka    Apr 8, 2021

    Greetings, I received K2841 after deductions.Thank you for your help.

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  • Serah Muzyoka    Apr 4, 2021

    This money will help me improve on my orders for second hand clothes and it will ultimately allow make to make more profit.Thank you so much for rendering me this help.

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  • Serah Muzyoka    Mar 23, 2021

    My previous loan helped me successfully meet my expenses for orders and it improved the quantity of orders I made I was also able to make good profit to meet my basic needs.Thanks so much for your continued assistance.

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  • Serah Muzyoka    Mar 3, 2021

    I have paid K440 today towards my loan repayment.

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  • Serah Muzyoka    Mar 3, 2021

    I have challenges financially for now but I will definitely meet my obligations.

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  • Joachim Mumba    Feb 7, 2021

    I advised her adjust her loan

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