Used men & women suits

Maryann

Komarock Sector 3b, Kenya

Funds disbursed

$0 to go

100% funded of $50 goal

0

days left

Entrepreneur

Name

Maryann

Member since

April 2014

On-time repayments

9 installments  •  0%

About Me

I come from a humble family of five,father,mother two brothers and myself.I am the First born.i am an actress by profession and also a business person.
I finished my high school in 2011.I started my business to increase my earnings because acting didn't pay me well so i had hardships in paying bills.
My business involves buying used imported men suits (coat,shirt,trouser and a tie,all carefully selected to match) but of good quality and selling them at a profit.
I get this suits from a downtown market in Nairobi called Gikomba.

My Business

I buy this suits at $50 each then take them to a dry cleaner at a cost of $10 inclusive of nice packaging.
I sell the suits at $120 each and the best quality goes for $150.My clients include government officials,business men,boutiques and ordinary people including my friends and church members.I have grown a number of those i could call good clients,who call and order and also refer me to their friends.
I really need the loan because there is demand from my clients,they need official shoes and i also need to supply women official suits. I already have pending orders for shoes and women suits

Loan Proposal

I have been dealing in Men Suits(Coat,shirt,Trouser & Tie) that i buy at $50 dry clean with $10 then sell at $120 to $150 depending on the quality,but i have discovered another niche in the market.......High quality Men shoes and Belts that my clients have been asking me to get them.i already have pending orders.
I have done the research and got the shoes will cost me between $30 and $50 but i will be able to sell them between $80 and $100 a pair.
Leather belts will cost me $10 each but i will sell at $20.
I will use the loan to purchase these items because their demand is high.The little that will remain i will use it to buy one or two pairs of Women suits to also reach the women.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Apr 26, 2014

Repayment status

Late

Projected term

2 months

Lenders

H

Hello

Salisbury, United Kingdom

F

flaguy999

Tampa, United States

Tom44

Vancouver, Canada

Sarasota

Sarasota, Fl, United States

T

thebonseung

Republic of Korea

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  • Edwin    May 22, 2014

    I called Maryann and she has promised to make her repayments as soon as possible.

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  • Maryann    May 5, 2014

    The cost of the items i buy and sell has increased,which led to me also increasing their prices so as am able to get some profit but my clients are finding it hard to cope with my prices.So am forced to reduce the price but the profits are too small.There are some of my clients who also took the items on credit but are not able to pay,they have pushed me to end of the month when they will pay after getting their salary.

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