Vuyiseka (Zelda) Malunda has been running her business for six years and received training from The Clothing Bank. She sells new and second-hand clothes, shoes and cosmetics as well as bedding and linen, but needs the loan in order to purchase more stock. The business is very profitable, but she wants to generate additional profit in order to enable her to extend her house to give her more space for her stock. She is highly recommended by one of our current loan recipients. She displays confidence and it is evident that she has the drive and commitment to take her business to the next level.
“I purchase stock from suppliers in Cape Town and Johannesburg and sell these products in Zwelihle and Gansbaai. I am fortunate that my cousin is able to provide transport when needed. At the moment my major limitation is the lack of space to store and display my stock.”
Total loan applied for R5000
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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|Start Date||July 10, 2019|
|End Date||August 31, 2019|
|Time Remaining||The campaign ended 4 months, 24 days, 10 hours, 27 minutes, 18 seconds ago|