To buy more of kitenge stock

Lydia Mwebia

Kiptangwanyi, Kenya

36% repaid

Entrepreneur

Name

Lydia Mwebia

Member since

April 2012

On-time repayments

200 installments  •  83%

About Me

Am happy and very grateful to Zidisha platform for giving me the opportunity to grow my business.from a humble beginning of selling second hand clothes to supplying clothes to my customers which could not be impossible if the Zidisha family never existed.The business is good as l look forward to expanding the business to East Africa community. l started the business when i realized the need for self employment as l am able to support my sister by paying her college fee. l relocated to Nakuru town after new opportunities opened up.l live in Racecourse Estate in plot number 628 that is 100 meters from the Friends church.l use my income to expand the business and grow myself economically.

My Business

l ventured into business some years ago so as to make a living where by l used to buy handbags and shoes retail them only for a 20% profit but the profit was so little to even make ends meet as l was supporting my sister who by then was in university but later on l decided to approach a good friend of mine who is based in Nakuru and was in the same business used to travel to Kampala and buy the goods in wholesale to show me the source. she agreed and having taken the loan with the zidisha to buy the stock l was able to take my business to the next level and since then my business has never been the same again.later on due to high competition in Nakuru l decided to venture into vitenge business as the competition was less and the vitenge material will always sell because it does well with chidren, women as well as men hence creating a demand.l buy a piece of kitenge that is usually 2.5meters at ksh 650 here in Nairobi from the businessmen who mainly import from Tanzania and Nigeria and sell the same piece of material from ksh 1000 -1200 to my customers.with the loan amount of ksh 67000 l will invest the money in the business where l will plan to use ksh 50000 to buy stock and the balance of ksh 17000 will take a driving course that will cost me ksh 12000 and the balance will use for my expenses. From the revenues l plan to reinvest again in the business as well as buy a cooker. The zidisha platform is worthy my commitment and l am really proud of it.To my lenders l am kindly requesting for your support to enable me achieve my dreams and may God bless you for your generous contribution towards my loan.

Loan Proposal

Dear lenders, l wish to take this opportunity to thank my lenders for supporting me this far and the entire Zidisha team for giving me another chance raise another loan.indeed every dollar raised have enabled me to achieve alot from expanding my business to being empowered financially. God bless you for every generous contribution.l will use the loan to buy more Kitenge materials and expand the business that will enable me to increase my income.

Feedback

5

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$768.73

Date disbursed

Nov 13, 2014

Repayment status

Late

Projected term

36 months

Cost to entrepreneur

Lender interest: $768.73 at 6.20% annual rate over 36 months = $142.46

Service fee: $73.50

Lenders

valentin

Stockholm, Sweden

investor

Candiac, Canada

Hope2012

United Kingdom

C

ChrisID

Vancouver, Canada

E

ericcamden

Berkeley, United States

J

jdhowa2

Louisville, KY, United States

H

hilde

seattle, United States

EmilAsker

Lomma, Sweden

G

grahamfamily

Guildford, United Kingdom

Cloudways

Malta, Malta

D

Dadiolafs

Vestmannaeyjar, Iceland

ads68

Melbourne, Australia

camilberlin

Berlin, Germany

Cricketca

San Jose, United States

bconrad

Seattle, United States

Zal0m0n

Atlantis!!!! x), Mauritania

Richard Griebe

La Jolla, United States

markpearson

Portsmouth, United Kingdom

E

E

Marin county, United States

H

Haavard

Bergen, Norway

G

GanSatya

United States

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

Jonas

Brussels, Belgium

mepster

San Francisco, Ca, United States

Vesa

Helsinki, Finland

M

MigwiK

Brecht, Belgium

LouisB

ZIDISHA, Mozambique

J

JessicaAna

Maputo, United States

ToddTho

World Wide, United States

LutianaPablo

Rome, Italy

J

JeremyR

United States

S

Stephan

Netherlands

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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

Loading...

Loading...

Loading...