Abigael Nyachwaya

Gesonso, Bomwanda, Kenya

100% repaid

Entrepreneur

Name

Abigael Nyachwaya

Member since

June 2013

On-time repayments

42 installments  •  40%

About Me

My names are Abigael Birine M Nyachwaya , I am a married woman with one husband Vincent Momanyi. we have 4 children and 3 are in school in a private school. I was born Kisii South District, Gucha In Kisii Town. I am business woman selling secondhand clothing's (Mitumba) situated at Kisii daraja Mbili market opposite Kisii Industrial Area in Kisii county. I completed my College Level in Egerton University in 2003 as Secretary, thereafter I joined Kenya Education Partnership (NGO) from UK and worked for 8 years although the payment was less. Year 2010 I started my own business of Selling clothes and designs in the year 2010. This is the year my husband got road accident and broke both his legs, and forehead and he stayed in hospital for long till 2011 and my business had to sustain the family although I had to use even my stock, so later my husband came home from hospital and I had to feed him and the kids till he started to gain his health with crutches. in 2012 I resumed my business again but with a few stock as I still cannot manage to get the full bales of clothing's.

My Business

My Business is located in Kisii County at Dara Mbili Market, Monday and Thursdays. I also prefer to do my business moving office to office in government offices during weekdays when not a market days, and also house to house where my customers are located. The business is profitable and that is why I want to increase my stock so that my customers can have a variety to choose to buy.

In My business I sell ladies and kids clothing's which are quick selling as men's clothing's are not that much marketable since man's don't purchase clothing's all the time as women and kids.

The risks to the business are their when you sell a clothing on credit whether be house to house or office to office, this due when you customer who you sold cloth on credit goes fro transfer or leave and sometimes other run away without paying or others refuse to pay the agreed amount during the credit note sell.

Loan Proposal

The Loan that I will receive will be used to increase my stock that I have, but I am planning to get the fully secondhand bale of kids clothing's which are quick selling and they indeed have a market as the are first goer.

I would like to thank Zidisha community for giving me this opportunity to apply for the loan, and this way our life will improve through the loan as have realized the repayment period gives away for one to arrange for the repayment also encourages the individual to repay in time in order to get the second and continues more higher loan. Once I receive the first I will top-up my stock of Mitumba clothes known as secondhand clothes.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.84

Date disbursed

Aug 15, 2013

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Lender interest: $99.84 at 3.87% annual rate over 5 months = $1.78

Service fee: $1.64

Lenders

Eduardo

Langenthal, Switzerland

Silver

Steiermark, Austria

B

Bobby39

Savannah, United States

Kysera

Crawfordsville, United States

L

Lemon

Switzerland, Switzerland

JimVandegriff

Trinidad, California, United States

pentatonicscale

Niiza-shi, Japan

Namaste250

Pittsford, United States

N

Norin

Germany

Alexandra

Vancouver, Canada

W

wally

Torino, Italy

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