Open a new clothing boutique branch to create employment and revenue
Kinya
Meru, Kenya
100% repaid
Entrepreneur
Name
Kinya
Member since
March 2014
On-time repayments
321 installments • 8%
About Me
I am Edith Kinya Mugambi. I am currently pursuing my degree in Education, after graduating with Diploma in the same. I decided to better my education because of a stiff competition for teachers. I have a small boutique which helps me with day to day survival and sometimes supplement my education fees. I depend on my parents entirely for education needs. I have employed a former classmate and look forward to employing more unemployed people. I am looking for money to expand the business. For instance, I look forward open a second boutique which I will employ some guys to run it.
My Business
BOUTIQUE BUSINESS (Clothes selling)
I opened the boutique at Chuka University. This was after I did the analysis and found that students needed cheap clothes. My target is now to open more boutiques and help reduce unemployment. I intend to Open a $250 boutique at Chogoria market.
Current business has grown from a $150 input to roughly $250, at the current state. This increase was after a period of two years since it was opened. I managed to stock my business with the $150 lendered in my first application. I am looking forward to stock it further with trendy and recent fashions before starting on a future plan to have more boutiques in different centres in our area.
Loan Proposal
I have done a through research on what will sell in the local society. After collection and analysis of data, together with a trial boutique business, I realized that there is lack of quality supply of cloths. regarding that my consumers are mostly students, who actual invest in looking good and being decent, I had a plan of expanding the business. the challenge that faced me is the starting capital.
Now with Zidisha funding, I will use the money to start up a new boutique branch. Since I will not be able to operate by myself, I will employ a person, hence creation of employment opportunities. Later, I will use the profits to invest more and more in order to grow my business empire.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 1, 2014
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
United States
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