Entrepreneur
Name
Lillian
Member since
April 2014
On-time repayments
286 installments • 94%
About Me
I am a Kenyan citizen. After completing my high school education, I volunteered to work in a nursery school that was in my village. While teaching there, I realized there was fulfillment in teaching young children and so i later enrolled in a teacher training college.I am now a teacher by profession teaching in a Kenyan school. I enjoy my work immensely since each new day I learn from my students and they also learn from me as well.It is a fulfilling opportunity for me since i also get to interact with young innocent children who are so much fun to be around! I enjoy the outdoors so much and when i am free i take nature walks mostly with my learners.Reading books also inspires me a lot so i always set some time for that each day.
My Business
I have an established shop that sells second hand children's clothing. As we know, children are always growing and the demand for their clothes is always there. My business is doing great as i am able to cloth children from low income households and even middle income homes who cannot afford to buy new clothes from shops. Thanks to the first loan i got from Zidisha, I have been able to increase my stock and also expand my business. I am back again for another loan. The Zidisha community has really helped me, and I could never be more greatful. With the loan of Ksh 103,985, I intend to add an equity bank counter. I will use $800 as my equity bank float, add $24 as my Mpesa float. With the income I get, I intend to increase my second hand shop cloths and comfortably pay my son's school fees.
Loan Proposal
If give the loan of Ksh 37,478 I will do the following.
I am planning to expand my shop from retail to wholesale . However, I will still maintain my retail shop. I will buy clothes in bales with $200 and sell them for a profit. This means I will be waking up at about 3am to go to the flea market where they have clothes bales so that I am able to sell them at a profit later in the day for people who do not want to go to the flea market.
I will use $100 to increase my cash float in the mpesa business. I will use $ 50 for buying small baby accessories that I usually sell in my shop.
The rest of the money $33 I will use to pay for transportation of my baby cloth bales from the flea market to my shop because it's quite a distance.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$378.00
Date disbursed
Sep 1, 2016
Repayment status
On Time
Projected term
3 months
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Ask Lillian a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Dean Suminski Jun 30, 2017
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