Upgrading and expanding my clothing business

Cynthia

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Cynthia

Member since

February 2014

On-time repayments

356 installments  •  29%

About Me

my name is Cynthia i live in huruma roundabout i am a firstborn in family of four siblings i decided to venture into business to solve my family's financial issues,to save money to pay my sisters fees and also further my education i did my kcpe in 2005 and joined high school i sat my kcse and passes i learned computer packages and decided to start business i sell clothes and bake cakes the prosits from my business i bought a sewing machine i need to expand my business to yield more profit if i get the loan my business will flourish and i will be able to expand my consumer and customer territory i will also be able to support my siblings and also promptly pay the loan

My Business

i sell clothes that yield a profit of $12daily when business is good but when business is bad i get $10 profit daily i also bake cakes which i sell at $ 22per 1.5 kg for marble and $ 31 for fruit cakes per kg i need a loan to expand my business to buy mannequins to hang my clothes and add stock to my shop and also buy more items for my cake shop to enable me increase my labour to atleast two people i also need to expand my shop and start selling women inner clothing lingerie beauty products and shoes both male and female shoes

Loan Proposal

My name is Cynthia am a small scale business lady. i sell second hand clothes in my neighborhood i sell suits both trouser and skirt suits casual dresses for ladies and official dresses i also sell jean trousers and skirts and jackets i also sell small children's clothes both male and female recently i have had so many customers stocking my small shop and meeting their demands its proving difficult as the stock that i have is not able to cater for all them. I wouldn't like to lose my customers to other retailers so i would imploy the lenders to fund me to be able to keep up in business i need to extend my business more add more stock and even mannequins to hang my sale.i also need to buy a big mixer to be able to meet up with the demands of weddings as my small mixer makes me lose business due to the speed and quality of the cakes i am able to produce within a short period using the small mixer. i urge the lenders to fund me so that i expand the business to cater for my siblings tuition fees and my family's needs thank you in advance

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

May 5, 2014

Repayment status

On Time

Projected term

6 months

Lenders

calvero

Bergen, Norway

Sarasota

Sarasota, Fl, United States

Bivouac

Hillsboro, United States

K

Krakit

Mountain view, United States

larry

Sweden

L

LongXIE

Singapore

L

Linda

United States

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  • Patrick    Feb 2, 2021

    She is yet to send her payments in a weeks time. Thanks

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  • Cynthia    Dec 8, 2020

    Covid has messed up my business

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  • Cynthia    Nov 9, 2020

    Covid has really hit my business so hard therefore making me unable to meet up with my obligation

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  • Cynthia    Sep 23, 2020

    I am currently unable to pay full installment amount because business is still very low

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  • Cynthia    Aug 11, 2020

    Business has gone so low no income making me struggle to pay

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  • Cynthia    Jun 26, 2020

    I am currently unwell and unable to conduct my work making it difficult to make payments

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  • Cynthia    May 17, 2020

    Business has become very bad due to the pandemic therefore making me unable to raise the installments

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  • Cynthia    Apr 7, 2020

    Due to covid 19 businesses have been low making it unable for me to keep up with my instalments

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  • Cynthia    Mar 4, 2020

    I have had a rough time in business making it difficult to pay my installment amount

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  • Cynthia    Jan 19, 2020

    Life has become a little difficult I have been unable to pay my installment on time that's why I have adjusted to enable me pay

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  • Cynthia    Dec 22, 2019

    I need to adjust my installment amount most of my clients have travelled therefore business is quite slow

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  • Cynthia    Nov 7, 2019

    I am unable to pay my installment due to drop in business that's why I adjusted my installment

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  • Cynthia    Sep 9, 2019

    I have been unfortunate I have a funeral at the same time fees for my brother so I am abit held up financially

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  • Cynthia    Jun 25, 2019

    I am unable to pay my installment due to financial constraints

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  • Cynthia    May 6, 2019

    I am having financial issues at the moment therefore would like to adjust my loan repayment

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  • Cynthia    Nov 2, 2018

    I wish to pay that since that is what I can afford at the moment due to difficult times

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  • Cynthia    Nov 2, 2018

    I have changed the installments because am in difficulties at the moment and i t has been difficult for me to pay the initial installment amount

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  • Matt B    Feb 21, 2015

    Hi Cynthia - how is your business going?

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  • Jo Dane    Feb 9, 2015

    Hang in there Cynthia. I understand you needed to help your brother but hope you still get to purchase the fridge too. Take care. Jo

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  • Cynthia    Jan 30, 2015

    Dear lenders
    I am asking for your understanding i have to reduce my installment because i had to pay for my brother's fees as he had arrears and this has drained my income and i dont want to lag behind in payments therefore i have to reschedule please my lenddrs bear with me when i pick up i will promptly increase the amount thanks in advance

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