Racheal

Rongai Nakuru, Kenya

100% repaid

Entrepreneur

Name

Racheal

Member since

October 2012

On-time repayments

47 installments  •  49%

About Me

Am a business woman in a small town called Rongai in Nakuru county. I deal with retail of new cloths for both men and women including children. This business has become a source of growth socially and metally for me, it has opportunities for learning how best to deal with customers in order to make profit that will keep my business growing even though the town is small and there are other outlets dealing with the same. I can now deal with friendly customers who order and pay upfront for what they need. This trust has also given me confidence that my business will grow. Hence the need to continue partnering with you Zidisha lenders. Am widowed with six children two of whom have families, one unemployed and three are in different level of education in post secondary.
My sustenance and the upkeep of those in school depends on how best I work in my retail shop. Am now 53 years old and by the time my husband passed on none of our six children had joined secondary school. With two time employment as shop steward ( where I got interest in business), and now my own business, and seeing where they are surely am hopeful that things will be better.
When am free in the evening and Sunday afternoons am involved in church activities dealing with community development projects
My dream still remain to buy a plot so that I can build a home for my family. Zidisha community is my perfect choice to partner with in realizing this dream. My first loan from Zidisha was a good booster in stocking and am happy to be a worthwhile member.

My Business

I sell new cloths in a small shop in Rongai town Nakuru county. Most of my customers are women who give me orders to buy for them certain dresses that are in fashion. I also stoke for men and children.
I travel to the major town and buy clothes at wholesale prizes which I then sell at a profit in our town. I make at least 1.5dollars on average for each item that I sell. With a good order and a busy season in the year I can average a monthly profit of 175 – 200 dollars.
My previous employment as a shop steward has given me an upper had against my competitors. So am able to understand what customers need and even where to get it from. I have not disappointed them and this way I make profit and am able to sustain my business.
The expenditure in business is about 50 dollars for the outlet rent and electricity my expense in transport and travel is calculated as a percentage of the profit for the items that I travel for. I have not employed somebody because my unemployed son steps in for me in case I have to travel or many customers have to be attended to.
starting I was aware of the difficulties of doing this kind of business, at least two other shops were doing the same, starting with a very small stock and building trust from customers is not a simple task but with support and encouragement from family and friends I was able to make it.
This second loan is expected to increase stock and attract more custiomers as we head towards December which a good season.

Loan Proposal

Thank you Zidisha lenders! If my loan is funded, I will use the money to continue boosting my cloths business as follows. ksh 8000 will be used to buy assorted children wear including trousers, shirts and under wear . The remaining ksh 8000 will be used to buy cloths for women, this will be women full dresses. Ksh 800 will be used for transport.

Feedback

4

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Loan Info

Project Type

Classic Loan

Disbursed amount

$199.00

Date disbursed

Jul 26, 2013

Repayment status

On Time

Projected term

24 months

Lenders

lucafrangi

Vienna, Austria

T

tonilends

catalonia is not:, Spain

Sundstroms

Falun, Sweden

Ask Racheal a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • BernadetteV    Sep 25, 2015

    How is your business doing? It would be nice to hear from you.

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  • Racheal    Feb 3, 2015

    another year and my business is still up. its been a low start last month but we have now gained the momentum.

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  • Racheal    Jan 2, 2015

    hi zidisha, i am rescheduling my loan repayment because i had a hard chrismas season and the sales turnout was way too low compared to last year. i have been caught up abruptly by the back to school season since one of my son is still in college and now i have to balance my earnings and profit so as to accomadate both my family and also adding new stock to keep the business running. i also have plans for one of my son who would like to further his study by enrolling for
    masters at egerton university after successfully aquring a degree course. these are my main reasons for rescheduling my loan. please accept my request. thank you.

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  • Racheal    Dec 30, 2014

    thanks to you my lenders and the entire zidisha community for your continous support and making my 2014 a succesful one... I pray to God to bless you for your good work. happy new year and looking foward to work together.

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  • Racheal    Dec 30, 2014

    merry christmas and a happy new year to you all the zidisha community

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  • Racheal    Nov 24, 2014

    The loan has really helped my business thank you lenders and the entire zidisha team

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  • Racheal    Oct 23, 2014

    I thank you lenders and the entire zidisha team for you continued support in funding my loan and helping me in my business, may God bless you for your selfless support.

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  • Patrick    Oct 19, 2014

    Go go go all the best

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  • Racheal    Oct 19, 2014

    thank you again for funding my loan

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  • Racheal    Oct 17, 2014

    Thank you everyone for helping in funding my loan you will soon see the result of your help in fundings and the growth of my business. Thank you again

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  • Racheal    Oct 15, 2014

    ORBP1 thank you for funding my loan in this way, you have assisted in my development business wise and in life. God bless you.

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  • Racheal    Oct 15, 2014

    Thanky you kiraDee and fisaire for helping me out in my loan. I am looking foward for this coming christmas season because i know the demand of new clothes is high and am expecting super sale by the end of the season so as to expand my business even further by next year. God bless you all.

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  • Racheal    Oct 14, 2014

    my business has grown ever since, i have expanded the exterior of my shop to have a wide display of the clothes i sell. this achievement has also my family's life, one of my son has graduated from university and two of them i have managed to take them to college to further their studies. My utmost appreciation to you my lender EVNIPA and the entire zidisha family.

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    • evinpa    Oct 15, 2014

      Hi Racheal,

      You're welcome! I see your project is now in the featured category of the fundraising section. This is a good place to be because more lenders will see your page.

      I wish you a lot of success and happiness,
      Evinpa

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      • Racheal    Oct 15, 2014

        Thank you again evinpa for your continued support and encouraging words. I am looking foward for lots of success and achievements in my business. Be blessed.

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  • Oscar    Sep 19, 2014

    Goodwork

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  • Racheal    Sep 12, 2014

    Thank you everyone for chipping in my loan. I am looking forward for a prosperous business season especially when we are heading for the Christmas festive. Be blessed all.

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  • Racheal    Sep 11, 2014

    zidisha has been so instrumental in the growth of my business. This is how much i have grown so far.

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  • evinpa    Sep 10, 2014

    Hi Racheal,

    Thank you for posting the photo. It is nice to see what the exterior of your business looks like.
    Are you on a main road in your town? Also I see that Sammy Kanja is your VM. He is a longtime Zidisha borrower. Have you met him in person?

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    • Racheal    Sep 11, 2014

      Thank you evinpa. My business is in town but a few meters away from the main road about 50 meters. I have Mr. Sammy Kanja for quite some time now and apart from being my volunteer mentor, he is also a personal friend and my neighbor too.
      we usually meet daily as we go through our businesses and i first i heard about zidisha from him.

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  • Racheal    Sep 10, 2014

    now that i have expanded my business, i am looking forward for a prosperous business season

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  • Racheal    Sep 6, 2014

    thank you ads68 for funding my loan

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  • Racheal    Sep 6, 2014

    i hope my loan will not expire this time round, please fund for me.

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