Stock of handbags, earrings and necklaces for my shop

Aminah Mwaka

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Aminah Mwaka

Location

Mombasa, Kenya

On-time repayments

50 weekly installments  •  74%

About Me

I have been raised by both parents with problems in educating me, gladly have done a course in business management. I overcome hardship by staying strong and try and find solution to a problem that has given me hard time. The people i leave around with mostly are youths and we leave as a family where a problem arises we put our heads together and try and solve. My child want to be a n engineer and fix machines. My hobby is to browse on the internet on lates fashion and trends.

My Business

i am in the business where i am selling women's hand bags of different shapes,sizes and colors. ear rings and necklaces. The goods are on high demand because they want to look good and keep with the latest fashion. I chose this business because i had no job and i had passion for fashion. right now i make $ 120 net profit per month which my fist loan has helped me to achieve that. The profit i get some i save up for my child's education and rest i save up in the bank.

Loan Proposal

The loan will help me buy more stock for the second shop i open recently within the c.b.d in my town. The bags and accessories will cost at $320 which i receive in bulk. This has open another door to success in my business and i will employ two women which i will be reducing the unemployment rate in my country. i expect my business to increase up to 40% profit combination with the other shop for a short period of time. This loan will help me much better to succeed.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$360.55

Date disbursed

Jan 1, 2015

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Lender interest: $360.55 at 5.25% annual rate over 8 months = $13.62

Service fee: $12.98

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