Entrepreneur
Name
Everlyne
Member since
July 2013
On-time repayments
60 installments • 15%
About Me
My names Everlyn Wanjiku Migwi,23 years old,married to a lovely husband and we are blessed with one set of twin babies.
With my family,we live at kerugoya municipality,kerugoya county.
i am a qualified primary teacher by proffession,but resigned one year ago to venture and dedicate all the time to my business.
owing to the current economic status in our country,still with my desire in business,i ventured in second hand women and children wear.This business has realiy flourished and i am using the earnings to purchace more stock hence more sales,more savings.
therefore it is a good and sustainable business.
My Business
As i mentioned earlier,I am Everlyne Migwi,a qualified primary teacher with a passion in business especially self employment.
I ventured into a business of second hand clothing for women and children owing to the way women love themselves and their families, so to look smart is not an option for them.
I buy my mechandize in bales at wholesale price,owing to my connection with my supplier,I get clothes of best quality.
I sell my stock from municipality stalls of which i pay 1000 to the municipality monthly.Every business has competition and i have penetrated in this because of my large network of clientele who i have reached personally by word of mouth especially when i pass round the offices marketing my business,and owing to my strategic location at the busy at a well known street in town for second hand clothing.
Also,most of my clients prefer my clothes because i offer favorable prices, a good quality stock of clothing,timely delivery of my stock for my clients depending on their taste as them trend of fashion changes.I do the business by my self therefore i understand the needs of my clients and the expense of another employee is not incurred and advertisement is by word of mouth, therefore reducing the business operating cost.
Average earning per month are 60,000.I pay rent of the stall of 3000,my salary of 30,000 and average savings of 26,000.The business risk is a possibility of obtaining a bale of clothing not suitable for your clients but i have managed this through the good connection i have to my supplier therefore always assured of the best stock in town!
From above,you can agree with me that this i a good and productive business and i have all the reasons to invest more in it.I therefore need the loan to increase my stock and i will use the earnings to repay back the loan in time so that i can take another more loan because the business can manage this.
Thank you.
Loan Proposal
Thank you for the chance to do business with you great business people.As i explained earlier,the business is worth to undertake because of its gains already realized and the immense gains expected.I will use the loan diligently to buy more stock so that i can meet the ever increasing demands of my ever growing clientele.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Sep 4, 2013
Repayment status
Late
Projected term
60 months
Lenders
Osaka, Japan
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