Project 19013 Mpoetsi Madolo Retails clothing Loan R3600 for stock

Description

Mpoetsi Madolo is married with four dependents and needs to generate income to support her family.  Currently she sources second-hand clothing from outlets in Hermanus and the neighbouring towns, as well as travelling to Bellville to procure clothing at reasonable prices.  These clothes she then re-sells in Zwelihle and surrounding areas.  By dint of hard work and lots of door-to-door calls she has managed to develop a viable business.

“While the business is viable, I lack the capital to be able to purchase an extended range of stock.  I would like to expand to include shoes, dresses, school uniforms and accessories such as earrings and bracelets. A loan from Hermanus Siyakha would enable me to expand my stock and add items that are in demand in the community.”

Total loan applied for R3600

This project has been set up to succeed through a careful vetting process together with ongoing mentorship and management. Repayment of your loan will only take place at the end of the loan period (usually 12 months) and not monthly. However, as we cannot give any guarantees, in the unlikely event that the project does fail you will not receive the full repayment of your loan but a pro rata percentage depending upon what portion of the loan has been recovered from the business owner.

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