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
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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
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