To purchase more stock for my handbags 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
If awarded the loan, i will purchase more handbags for my business.I will partly utilize the proceeds from the sales to settle my loan installments while the rest will be ploughed back into my business with a sole aim of progressively expanding the business.
I will utilize the entire amount of $301 to purchase the handbags , each piece goes for between $16 and $27 depending on the make and the quality. Those are approximately 11 pieces on the higher side. The retail price from my end is approximately 22$ to 33$ depending on the purchase price. I look forward to increasing the sales volume in order to get more profit and at the same time to acquire the bags cheaply since volume of purchase highly determines the wholesale price.
I look forward to as positive consideration from the lenders.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$306.00
Date disbursed
Jan 4, 2015
Repayment status
On Time
Projected term
13 months
Other loans
Lenders
St-Lucien, Canada
Heber City, United States
United States
Germany
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Summary
Amount repaid
$346.21
Amount remaining
$0.00
Date repaid
Jan 31, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 11, 2015 | $9.44 | Jan 10, 2015 | $9.44 |
| Jan 18, 2015 | $9.44 | Jan 17, 2015 | $9.44 |
| Jan 25, 2015 | $9.44 | Jan 24, 2015 | $9.44 |
| Feb 1, 2015 | $9.44 | Jan 31, 2015 | $9.44 |
| Feb 8, 2015 | $5.62 | Feb 7, 2015 | $5.62 |
| Feb 15, 2015 | $5.62 | Feb 14, 2015 | $5.62 |
| Feb 22, 2015 | $5.62 | Feb 21, 2015 | $5.62 |
| Mar 1, 2015 | $5.62 | Mar 1, 2015 | $5.62 |
| Mar 8, 2015 | $5.62 | Mar 8, 2015 | $5.62 |
| Mar 15, 2015 | $5.62 | Mar 14, 2015 | $5.62 |
| Mar 22, 2015 | $5.62 | Mar 21, 2015 | $5.62 |
| Mar 29, 2015 | $5.62 | Mar 29, 2015 | $5.62 |
| Apr 5, 2015 | $5.62 | Apr 5, 2015 | $5.62 |
| Apr 12, 2015 | $5.62 | Apr 12, 2015 | $5.62 |
| Apr 19, 2015 | $5.62 | Apr 19, 2015 | $5.62 |
| Apr 26, 2015 | $5.62 | Apr 25, 2015 | $5.62 |
| May 3, 2015 | $5.62 | May 2, 2015 | $5.62 |
| May 10, 2015 | $5.62 | May 9, 2015 | $5.62 |
| May 17, 2015 | $5.62 | May 16, 2015 | $5.62 |
| May 24, 2015 | $5.62 | May 23, 2015 | $5.62 |
| May 31, 2015 | $5.62 | May 31, 2015 | $5.62 |
| Jun 7, 2015 | $5.62 | Jun 7, 2015 | $5.62 |
| Jun 14, 2015 | $5.62 | Jun 13, 2015 | $5.62 |
| Jun 21, 2015 | $5.62 | Jun 20, 2015 | $5.62 |
| Jun 28, 2015 | $5.62 | Jun 27, 2015 | $5.62 |
| Jul 5, 2015 | $5.62 | Jul 4, 2015 | $5.62 |
| Jul 12, 2015 | $5.62 | Jul 11, 2015 | $5.62 |
| Jul 19, 2015 | $5.62 | Jul 18, 2015 | $5.62 |
| Jul 26, 2015 | $5.62 | Jul 25, 2015 | $5.62 |
| Aug 2, 2015 | $5.62 | Aug 2, 2015 | $5.62 |
| Aug 9, 2015 | $5.62 | Aug 8, 2015 | $5.62 |
| Aug 16, 2015 | $5.62 | Aug 15, 2015 | $5.62 |
| Aug 23, 2015 | $5.62 | Aug 23, 2015 | $5.62 |
| Aug 30, 2015 | $5.62 | Aug 29, 2015 | $5.62 |
| Sep 6, 2015 | $5.62 | Sep 6, 2015 | $5.62 |
| Sep 13, 2015 | $5.62 | Sep 13, 2015 | $5.62 |
| Sep 20, 2015 | $5.62 | Sep 20, 2015 | $5.62 |
| Sep 27, 2015 | $5.62 | Sep 27, 2015 | $5.62 |
| Oct 4, 2015 | $5.62 | Oct 6, 2015 | $5.62 |
| Oct 11, 2015 | $5.62 | Oct 11, 2015 | $5.62 |
| Oct 18, 2015 | $5.62 | Oct 18, 2015 | $5.62 |
| Oct 25, 2015 | $5.62 | Oct 26, 2015 | $5.62 |
| Nov 1, 2015 | $5.62 | Nov 6, 2015 | $5.62 |
| Nov 8, 2015 | $5.62 | Nov 8, 2015 | $5.62 |
| Nov 15, 2015 | $5.62 | Nov 19, 2015 | $5.62 |
| Nov 22, 2015 | $5.62 | Nov 27, 2015 | $5.62 |
| Nov 29, 2015 | $5.62 | Nov 30, 2015 | $5.62 |
| Dec 6, 2015 | $5.62 | Dec 7, 2015 | $5.62 |
| Dec 13, 2015 | $5.62 | Dec 13, 2015 | $5.62 |
| Dec 20, 2015 | $5.62 | Dec 26, 2015 | $5.62 |
| Dec 27, 2015 | $5.62 | Dec 29, 2015 | $5.62 |
| Jan 3, 2016 | $5.62 | Jan 8, 2016 | $5.62 |
| Jan 10, 2016 | $5.62 | Jan 10, 2016 | $5.62 |
| Jan 17, 2016 | $5.62 | Jan 19, 2016 | $5.62 |
| Jan 24, 2016 | $11.24 | Jan 24, 2016 | $11.24 |
| Jan 31, 2016 | $16.33 | Jan 31, 2016 | $16.33 |
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