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.
Feedback
Positive
2
Neutral
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Negative
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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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Summary
Amount repaid
$152.79
Amount remaining
$0.00
Date repaid
Aug 18, 2014
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 11, 2014 | $5.69 | Apr 11, 2014 | $5.69 |
| Apr 18, 2014 | $5.69 | Apr 11, 2014 | $0.07 |
| Apr 18, 2014 | $5.62 | ||
| Apr 25, 2014 | $5.69 | Apr 26, 2014 | $5.69 |
| May 2, 2014 | $5.69 | Apr 26, 2014 | $0.05 |
| May 3, 2014 | $5.65 | ||
| May 9, 2014 | $5.69 | May 3, 2014 | $0.12 |
| May 10, 2014 | $5.58 | ||
| May 16, 2014 | $5.69 | May 10, 2014 | $0.01 |
| May 17, 2014 | $5.68 | ||
| May 23, 2014 | $5.69 | May 17, 2014 | $0.01 |
| May 24, 2014 | $5.68 | ||
| May 30, 2014 | $5.69 | May 24, 2014 | $0.01 |
| May 30, 2014 | $5.68 | ||
| Jun 6, 2014 | $5.69 | May 30, 2014 | $0.01 |
| Jun 6, 2014 | $5.68 | ||
| Jun 13, 2014 | $5.69 | Jun 6, 2014 | $0.01 |
| Jun 14, 2014 | $5.68 | ||
| Jun 20, 2014 | $5.69 | Jun 14, 2014 | $0.04 |
| Jun 21, 2014 | $5.66 | ||
| Jun 27, 2014 | $0.01 | Jun 21, 2014 | $0.01 |
| Jul 4, 2014 | $11.76 | Jun 21, 2014 | $0.04 |
| Jun 27, 2014 | $5.71 | ||
| Jul 4, 2014 | $6.02 | ||
| Jul 11, 2014 | $11.76 | Jul 4, 2014 | $5.74 |
| Jul 12, 2014 | $6.02 | ||
| Jul 18, 2014 | $11.76 | Jul 12, 2014 | $5.56 |
| Jul 20, 2014 | $6.20 | ||
| Jul 25, 2014 | $11.76 | Jul 20, 2014 | $5.74 |
| Jul 25, 2014 | $6.02 | ||
| Aug 1, 2014 | $11.76 | Jul 25, 2014 | $5.74 |
| Aug 2, 2014 | $6.02 | ||
| Aug 8, 2014 | $11.76 | Aug 2, 2014 | $5.74 |
| Aug 9, 2014 | $6.02 | ||
| Aug 15, 2014 | $5.47 | Aug 9, 2014 | $5.47 |
| Aug 22, 2014 | $14.07 | Aug 9, 2014 | $0.04 |
| Aug 16, 2014 | $14.04 | ||
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