Loan to purchase stock from the United States

Monica

Kiambu, Kenya

100% repaid

Follow Monica How it Works

Entrepreneur

Name

Monica

Member since

May 2016

On-time repayments

119 installments  •  94%

About Me

I am the last born in a family of 6 and was brought in rural Kenya.
I am a trained chef which has been quite useful in helping me run my business. ,i like to travel and go hiking. Our country has some of the best parks in the world.
I am also engaged in community work and work together with my local church to reach out to the less fortunate in the rural area

My Business

My business is registered as a sole proprietorship since 2015.Its very simple and straight forward, i import watches from china and resell them at a profit.

My target market are young Kenyans between ages 20-45 , they are tech savy and internet services are available in all major town s in the country. hence its easy for customers to find my products using their smartphones, personal computers or cyber cafes,
My major expenses are the purchase of stock and shipping. The online store fulfills orders made on my behalf. However they take a commission on the sale .Most of the profit i get is re invested in the business.
I intend to use the loan to top up my savings so that i can purchase more stock with a wider variety, to include ladies bracelets, earrings and necklaces.
My plans for the near future is to improve on the variety of the accessories and also open a brick & mortar store so as to reach a wider market.

Loan Proposal

Hello Lenders,
Am requesting for another loan to bring in more stock(watches & jewelery) from the U.S rather than form China. This is due to customer demands and preference of items made in USA due to perceived better quality and stylish trends.These products will give me a higher profit margin by 20% .I intend to spend about $ 1,000,of which $ 400 will come from my business savings.
Thank You.

Feedback

3

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$640.29

Date disbursed

Apr 4, 2017

Repayment status

On Time

Projected term

6 months

Other loans

May 2016:  $200

Sep 2016:  $397

May 2018:  $397

Sep 2018:  $816

Jul 2019:  $303

Oct 2019:  $330

Lenders

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Ellen

Michigan, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

Ask Monica a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Monica    Oct 31, 2019

    thank you lenders for the funding of my loan. I will use to buy more stock for my business.

    Log in to reply • Share

  • Monica    Oct 17, 2019

    Thank You lenders for your generous support. I will continue to borrow wisely and pay promptly. Thank You.

    Log in to reply • Share

  • Monica    Jul 15, 2019

    Thank You lenders for your kindness. I will use the loan to add more stock to my business.

    Log in to reply • Share
  • M

    Margaret    Jul 11, 2019

    Good luck Monica with your new loan!

    Log in to reply • Share

  • Monica    Apr 9, 2019

    I used the loan advanced to expand the variety of the stock of my business and also to import more of my stock.

    Log in to reply • Share

  • Monica    Oct 1, 2018

    Thank You Alex,Jochen and Jeanette for your generosity. I will forever be indebted . The funds will go towards buying raw materials for my jewelery business that will enable me make custom made jewelery for resale. Thank You again.

    Log in to reply • Share

  • Jeanette    Sep 29, 2018

    Monica, I hope you have much success in your jewelry business and in your community work!

    Log in to reply • Share

  • Christine    Sep 27, 2018

    Good luck and many greetings from Germany!

    Log in to reply • Share

  • Jochen    Sep 22, 2018

    Good luck with the extension of your business!

    Kind regards,

    Jochen

    Log in to reply • Share

  • alexalexalex    Sep 20, 2018

    Good luck Monica!

    Log in to reply • Share

  • Monica    Sep 17, 2018

    Hello Lenders,
    Because of your great generosity, i have managed to open up a stall from where i sell my jewelry in addition to selling online. It has been a long journey , from importing only watches and reselling them at a profit to now include varied accessories. Thank you, i would not have come this far without your help.

    Log in to reply • Share

  • Monica    Jul 9, 2018

    Thank You lenders for the loan of Kes;40,373. I used the money to replenish my stock .God bless you for believing in me.

    Log in to reply • Share

  • Monica    May 30, 2018

    Thank You lenders for the loan. I will use the funds to re-stock my shop and ensure continuity of my business.

    Log in to reply • Share

  • Dao Nguyen    May 27, 2018

    good luck Monica

    Log in to reply • Share

  • Monica    Feb 6, 2018

    Zidisha lenders have made the greatest impact on my business. I have been able to grow my business faster than i expected without high interest rates from financiers which tend to cripple many small businesses.
    I used my previous loan to buy stock for my business which i have now completed repaying.

    Log in to reply • Share

  • Monica    Apr 11, 2017

    i received a loan of 63,200/- of which i spent on buying jewelry for resale from the USA.Am awaiting their arrival this week and will post pictures. Thank you lenders.

    Log in to reply • Share

  • Monica    Mar 30, 2017

    Dear Lenders,
    Only God can reward you for your continued support because i could never thank you enough. You have made a difference not only to my life but also for others who benefit indirectly from my business,From my delivery person who makes deliveries on a motorbike to my 100 year old grandma whom i cater to her upkeep and drugs.Thank You.
    My business is no longer about watches only, with previous loans given, i have bought other accessories that have helped increase the number of customers and of course my profit.
    I intend to use the money lent to buy stock from US & UK( I have always bought from China) which is more preferred by the middle class.This will help open up my business to the middle Class who are more quality conscious rather than the price conscious. This will in return translate to better profits for my business.

    Log in to reply • Share

  • Monica    Mar 27, 2017

    Hello Lenders,
    I don't think i would have come this far in my business if it was not for you. Affordable loans from Zidisha have helped me grow my business , buy more stock that i would not have been able to and also increase variety and profits . My products are now on 2 more online stores, kilimall and jumia market all thanks to you.

    Log in to reply • Share

  • Monica    Dec 20, 2016

    The year 2016 has been a great year for my business,my stock and sales have increased by 20% thanks to the funding from Zidisha. I look forward to starting 2017 on a high note and a well stocked business.
    Merry Christmas & a Blessed 2017 to everyone at Zidisha.

    Log in to reply • Share

  • Monica    Dec 5, 2016

    Had good sales last week. Looking forward to the x-mas season and have got enough stock, all thanks to you lenders.God Bless!

    Log in to reply • Share


Loading...

Loading...

Loading...

Explore

Act

Connect

Account

© 2009 - 2024 Zidisha, Inc.   •   Terms and Privacy   •   Contact