To add stock that is selling clothes and jewelry

Peris Ndambuki

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Peris Ndambuki

Member since

February 2016

On-time repayments

138 installments  •  30%

About Me

I am young entrepreneur lady . I was raised from a humble background. My parents were both entrepreneurs and farmers, I learnt a lot from them as I was growing up. I had a dream to run a profit making enterprise.
I always assisted my parents in running their business when I was free in the village so has to put food in the table.
I went to school and got a higher diploma in Businesses management. I partially paid for my college fees because I was selling shoes as a part time business.
When I finally got employed as a customer care representative. I started saving a little of my salary with a dream of opening a big boutique in future.
When I finally had enough savings I got a premise and put a shoe boutique.
Unfortunately I was laid off by the company as it was closing its Kenyan branch.
My business has been in operation since April 2016 and it is profit making. The business has been my economic back borne I use its proceeds to pay for my daughters school fee and support my self.
last year we had a prolonged election period which made my income go down, but this year business has improved I was able to clear my outstanding loan and am looking to doing bigger business this year.
I know it has taken the power of almighty for it to thrive. I am also grateful for your assistance.

I would like to expand it even more that's why I am requesting for another loan and an increase on my loan amount.

My Business

I sell new shoes and have an mpesa agency (offer money transfer services)
selling shoes is a good business as most of the people need a couple of shoes and they can never be enough.
I chose this type of business because it has flexible hours and because i had experience in the same business.
mostly my major costs are rent , inventories and travel charges.
I always have an average of profit margin of 50% from my sales.
Most of my profits are reinvested back to the business to grow stock, i also get my upkeep from the same business.

Loan Proposal

I am requesting for 100 dollars .
The above amount will help me to add stock to my clothing business and jewelry business.
This will enable me to buy clothes in bulk and enjoy economies of scale, so i will buy at a lower price and enjoy greater profit margin.
I project that i will be able to raise a profit of 4,000/- per week hence save for my university education.
I will also be able to payyour loan comfortably and perhaps even in a shorter duration than projected.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 23, 2016

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $4.14

Peris opted to pay $24.70 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

J

Jason

New Jersey, United States

AltruisticSelfishnes

Chicago, United States

DeanDropshot

Oslo, Norway

michellev

Melbourne, Australia

M

mogensh

København V, Denmark

B

briansedz

Canton, Ohio, United States

J

jasonbronowitz

Tempe, United States

F

farwest

Alamo, United States

D

duckdork

De Forest, United States

D

dannimw

Victoria BC, United Kingdom

Winona

Yakima, United States

A

anson

Alexandria, United States

S

SanderBeckers

Brussel, Belgium

A

akshu71

Ottawa, Canada

D

dj9812

United States

L

liseman

United States

E

elhh82

Petaling Jaya, Malaysia

E

EjLehar

Galesburg, United States

C

chrishol

United States

T

tlbtlbtlb

United States

GiselleF

United Kingdom

Paul Buchheit

Mountain View, United States

lauren and jubilee

San Antonio, Texas, Usa, United States

A

ATMiller

United States

R

richardbrewster

United Kingdom

M

mitchmk84

United States

E

emfagan1

United States

L

Leemcd

Australia

mepster

San Francisco, Ca, United States

J

JonAlec

United States

H

HLCharityFund

United Kingdom

Grant Xavier Storer

Seattle, Wa, United States

Adrien Norulak

Zurich, Germany

R

Rajendra

Jamkhed 413201 Maharashtr, India

S

satheajay

United States

H

hayek

Stuttgart, Germany

S

Schwartz

United States

Andrew267

Birmingham, United Kingdom

A

andreab

United States

MZ

Morley Zhi

United States

Michelle

Sydney, Australia

Fabian Linzberger

Vienna, Austria

Thomas

Basel, Switzerland

Elly

Woudrichem, United Kingdom

Jason Ogg

New Zealand

jtreyes

United States

SA

Steve A

Newbury, United Kingdom

Ask Peris 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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