Second hand clothes for resale

Serah Muzyoka

Livingstone, Zambia

100% repaid

Entrepreneur

Name

Serah Muzyoka

Member since

August 2018

On-time repayments

104 installments  •  57%

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

I will use the money to meet expenses for my transport and part of it will be used towards the orders of the second hand clothes.

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

$70.78

Date disbursed

Apr 10, 2019

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $2.43

Credit risk payment: $14.73

Lenders

L

Liz

Nowra, Australia

WE

Wendy Emlyn

Devon, United Kingdom

Angi

Germany

HH

Helen Horseman

United Kingdom

World Centric

Sonoma County, California, United States

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  • Serah Muzyoka    Mar 30, 2022

    I have deposited a K170 towards my loan amount today .My concern is that my payments are never acknowledged and the outstanding loan amount remains the same even after my payments.

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  • Serah Muzyoka    Mar 30, 2022

    My business has not been doing well but am trying to pay little by little to dismantle the loan.

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  • Serah Muzyoka    Mar 16, 2022

    My payment of K200 on 4th March 2022 was not acknowledged.

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  • Serah Muzyoka    Mar 4, 2022

    I have made a payment of K200 towards my loan. I appreacite the patience from my lenders in this time that am having financial challenges but I promise to continue paying until this loan is fully settled.

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  • Serah Muzyoka    Mar 4, 2022

    My business has not been doing well that is what is pushing me to adjust the instalments but once I stabilize again I will adjust it upwards.

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  • Serah Muzyoka    Dec 28, 2021

    I made a payment of K150 towards my loan repayment on 24th December 2021.

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  • Serah Muzyoka    Dec 26, 2021

    My business is still not stable.I will adjust upwards as soon as business improves.

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  • Serah Muzyoka    Dec 17, 2021

    I have paid a K150 today 17/12/2021 towards my loan

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  • Serah Muzyoka    Dec 17, 2021

    This is due to the poor performance of my business

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  • Serah Muzyoka    Dec 5, 2021

    I made a payment of K200 on 03/12/2021.aIt has not yet been acknowledged.

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  • Serah Muzyoka    Dec 3, 2021

    I have had challenges with my business.I will however be committed with consisted repayments from now going forward.Sincere apologies for the incovinience caused.

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  • Serah Muzyoka    Oct 25, 2021

    My business has not been performing well.However I will adjust my instalment upward as soon as my business stabilizes

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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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