Shipping fees for stock consignment

Ann Kiratu

Ruaka, Kenya

100% repaid

Entrepreneur

Name

Ann Kiratu

Location

Ruaka, Kenya

On-time repayments

53 weekly installments  •  53%

About Me

My name is Ann. I am a graduate of Jomo Kenyatta University of Agriculture and Technology. I graduated in 2011 with a Bachelor in Purchasing and Supplies Management. From 2013, I have been working in various NGO's and while in the process, i decided to start my own business. I started off my business in the kitchen ware and clothing sector. However, I am now currently operating in the clothing and accessories niche which has over the time picked up.

I am an industrious business lady with a vision of growing my business and increasing my income. i'm passionate about business and i'm looking forward to grow towards achieving my personal business targets.

My Business

Previously, i have been dealing in kitchenware, clothing and shoes. After assessment of my business and reviewing the areas of my business that had the most impact, I have recently narrowed down my business to a women's clothing and accessories niche with a high concentration in shoes. I am currently concentrating on this niche because from experience, the demand from women for these products is high.

Re-strategizing my business has had a positive impact as i have been able to have one area of business to concentrate on and thus been able to meet my client's need. Since my business capacity is small at the moment, i am currently reinvesting the profits i get back into the business in order to grow. I am in the process of increasing the stock levels in my business and getting a loan will help boost my business as the Kenyan market is now opening up. If i get a loan, I will be able to increase the stock and thus serve more customers and this will increase the sales levels per week and this sales turnover will help me to repay a certain amount weekly towards the loan that I will be advanced with.

Loan Proposal

I have been able to purchase stock for my business. However, I will need your assistance to facilitate shipping fees for my consignment. Once the consignment of goods arrive, I will be able to increase my sales, hence more profits.

Income Source

Due to the pandemic and the impact on business, i restrategized by business to only deal in a niche that continues to have demand. Previously i was dealing with kitchenware and clothing and accessories. However, there has been quite an impact in kitchenware and thus the need to changed to deal with only the products that have demand. During this pandemic period, I have been dealing with the clothing and accessories business with a concentration in shoes and concentrating on this niche has had the most positive impact on my business. There is continuous demand for these products most especially from women. I have also been able to additionally sell my goods online to reach a wider base of clients and this has contributed to the growth in sales. Since my business capacity is small at the moment, once the business expenditure is settled, i am currently reinvesting most of the profits i get back into the business in order to grow.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$213.85

Date disbursed

Nov 12, 2020

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $20.65

Credit risk payment: $18.58

Optional expediting fee: $20.65

Lenders

TheMoonDuster

Brisbane, Australia

D

Divergent

Bethesda, United States

G

glomardor

Leonardtown, United States

Cloudways

Malta, Malta

ads68

Melbourne, Australia

C

Colmena

Chicago, United States

Lambie

Perth, Australia

J

jumpfunky

Dortmund, Germany

R

richdullaghan

Encinitas, United States

Evan Lamos

Brussels, Belgium

johnhudson

Washington, DC, United States

chriseyre

Fremont, Ca, United States

Mimobo

Schwäbisch Gmünd, Germany, Germany

K

KiraDee

United States

Dave Bogard

New York, United States

C

cota

United States

I

isaac

United Kingdom

D

Dennis

Netherlands

Victoria Keenan

East Anglia, United Kingdom

We Not Me

St. Paul, Minnesota, United States

F

Fox

United States

Andrew

United States

JR

Jose Ramirez

World, Spain

AL

Anna Lusero

United States

S

Shayla

United States

L

Lauren

Sacramento, United States

M

MaggieK

United States

J

James

United Kingdom

SK

Susie Kyoo

United States

CG

Chris Greene

Birmingham, AL, United States

C

Christopher

United Kingdom

R

Richard

United Kingdom

Ask Ann 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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