To purchase more stock for my hand-bags business

Esther

Buruburu , Near Makadara, Kenya

100% repaid

Entrepreneur

Name

Esther

Member since

April 2014

On-time repayments

80 installments  •  100%

About Me

THIS LOAN WILL FACILITATE EXPANSION OF MY HAND-BAGS BUSINESS

I am Esther Kanini, 30 years old,mother to two lovely boys and a committed business lady .Since my childhood days and at the age of 10 years , i portrayed an entrepreneur's mind, i would harvest some 'kales' from the 'shamba' with my elder sister and display them at the local market center for sale. All along, i have had a passion for establishing my own business which will see me as an employer in the near future.

Our local area in the countryside is endowed with sceneries that include a hill named "Karue", a forest named "Kirimiri" and a water fall named "Mbui Njeru". We frequented these sites during our childhood days especially during the Christmas period and i could wonder why no investor had made use of those sceneries to invest in an hotel and site-seeing for tourism purposes.We have since moved from the countryside to the city. I would recommend these sceneries to any adventurous individual , they are unique,unexploited and little known of.

Currently , i am in the business of purchase of handbags at whole sale prices for resale, I developed interest in this business way back in 2013 and vowed to establish it after the birth of my second born child , my aim was to start small and rise and my biggest challenge has been capital to expand the business.I look forward to expanding this business and venture fully into importation of handbags and other ladies accessories in the near future.

My Business

I am into the handbags sale business, my business has so far picked up well with the positive contribution from Zidisha. So far , Zidisha has enabled me to raise capital on three occasions the last being a loan of $158 which went a long way in assisting me in purchase of more stock for the business. I have been ploughing back the proceeds into the business with an aim of expanding the business and partly using them for repayment of my loan.Due to the relatively large capital requirements am looking forward to more funding from the great Zidisha Team to progressively expand my capital base and move into importation of the handbags and resale to retailers at wholesale prices.I believe that the loan i receive from Zidisha, which highly favors small time entrepreneurs will assist me grow my business to a level that will see me create employment for the youth in our country.I look forward to a positive consideration.

Loan Proposal

When I get this loan, i look forward to purchasing more stock for my hand-bags business with it and improve my sales.Currently i purchase my bags locally at a price of between 20$ to 25$.With the previous loan, i was able to boost my purchase and this loan will help further in improving my stock. With more capital ,i am positive that i will start importing the bags in bulk and reselling them at wholesale prices to other small-time retailers interested in the business ,this will improve their sources of livelihood. I am positive that i will soar to greater heights in this business with the help of Zidisha.Thank-you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$53.00

Date disbursed

May 27, 2014

Repayment status

On Time

Projected term

5 weeks

Lenders

P

Philippe

Adliswil, Switzerland

H

howard

Vence, France

Sarasota

Sarasota, Fl, United States

Richard Griebe

La Jolla, United States

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