New and used clothing inventory to open an additional shop
Mary
Mtwapa, Kenya
100% repaid
Entrepreneur
Name
Mary
Member since
January 2013
On-time repayments
357 installments • 77%
About Me
Am mother of six children living in musumarini, Kikambala. Am a businesswoman doing my business in mtwapa and the other surrounding i do my business as door to door service. My first child is girl and she is married and settled with her husband, the second is a a girl and also married the third is a boy, he fished his secondary school education but due to unemployment, he is doing casual jobs, the fourth is a girl and also married, the fifth is a boy and is in primary school, in class six, the last is a boy and in class five. I live with my last three children in Musumarini. I started doing business because i wanted to meet my family needs.I first started with tailoring business, and later i introduced the boutique selling second hand clothes.This business really helped me with my family upkeep.With my income from the business i buy food for the family paying rent at the boutique, and paying school fees.
My Business
My business is a combined boutique and a tailoring shop, these combined businesses gives me a good help in my family upkeep. This business is doing well especially, the boutique which i do a door to door service, this business does better because i go to the customers right to their houses. with this door to door service target all age group as i meet them at their residential places this business is profitable as i get my family needs without any problem. With this business i get an income of ksh 30,000 per month. in this business my risks include, rainy season, this affects as i walk doing the door to door service so its hard to walk in such weather.With the income i get i use ksh 5,000 for my family food, ksh 4, 000 paying school fees, ksh 5 for my family expences and other family needs. i save ksh 16,000 per month, which i can use to repay my zidisha loan.
Loan Proposal
Thank you once again for this chance. I really appreciate your efforts in helping us. With this loan I would like to add more stock so I can open another shop that is now ready to start. So I will use USD 450 for the new clothes,USD 200 for the used clothes and use the remaining to put shelves in the new store. With this increase am sure I will have a good boost to my sales that will make my repayment easier. Thank again and God bless you all.
Feedback
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$757.00
Date disbursed
Mar 29, 2016
Repayment status
On Time
Projected term
11 months
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Ahadi Apr 9, 2017
Mary Nov 7, 2018
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