Project No 19025 Anele Sigwili needs additional stock for the high season, required loan R5000

Description

Anele Sigwili is currently employed, but due to the nature of her work, she has a fair amount of spare time in which to supplement her income. She is a single parent with three children, and lives on Mbeki Road, the main thoroughfare through Zwelihle which sees a lot of foot-traffic. Since mid-2018, she has been selling clothing, shoes and handbags from her home in her spare time. She sources the items from factory shops in the Cape Town area. She has identified a niche in the market for clothing items for children and teenagers and has buyers from Zwelihle and Mount Pleasant.

She requires a loan to increase her stock holding, thereby reducing the frequency of shopping trips to Cape Town, which she currently undertakes weekly which proves expensive.

Total loan applied for R5,000

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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