loanLoan
Capital at risk
24
Months
14.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Founded by John Goodman Tchoudi, Sika'a is an ethically sourced, socially sustainable, luxury fashion e-commerce brand inspired by Africa. They create unique handmade garments, with the highest quality, authentic fabrics and deliver worldwide. They are seeking funds as they enter a phase of expansion.

Sika’a continues to shine a spotlight on the beauty of African fashion, making it more accessible in the Western culture. Our vision is to transform our already established label into a global African fashion house.

Sika'a is an online fashion store inspired by the beauty, tradition and culture of Africa. We combine textures, colours and patterns that celebrate the African form, transforming them into versatile silhouettes, from sweeping maxi dresses to flattering pencil skirts. These colours and patterns are as bold and vibrant as the African landscape itself, blending sunset oranges, vivid greens and azure blues in an array of floral and animal prints. We design beautiful clothes that complement spirit and strength.

I had a burning desire: to create unique handmade garments inspired by Africa, fashioned from authentic fabrics for the modern African woman. A name came instantly – Sika’a – God’s will in Bamileke, the language of my home in West Cameroon. And so the fashion house before you was born. I had a deep desire to change how the world views African fashion. Whilst working within the fashion industry, I noticed a gap in the market: luxury African fashion brands. I wanted to dispel the belief that luxury style is reserved for the west.

Our ethics are unshakeable and grounded in awareness and respect for the way we treat people and the planet. Our focus on ethical, socially sustainable fashion continues to strengthen the bond between our customers and our incredible team, who hand-stitch each garment. We are excited about this opportunity for expansion and look forward to this next phase of development.

Credit commentary:
The director is providing a personal guarantee, this means that if the business fails, the director becomes personally liable for the loan. The director is not a homeowner. There have been no CCJs for the business or director. In the 2020 and 2021 accounts, selling and distribution costs were £31,840 and £59,745 respectively. The admin expenses in 2020 and 2021 were £7,212 and £17,447. Other operating income was £10,000 in 2020 and £268 in 2021. The admin expenses in the 2020 to 2021 financial table below includes selling and distribution costs, as well as other operating income. The bank statements demonstrate reasonable affordability.

COVID-resilience:
Sika'a is an e-commerce business and has proven good resilience during the pandemic.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 50k
Raised
£ 35k
Investors
98
Est close date
20d 20h

Where will the funds go?

Fabric printing and purchase
£22,352
Manufacturing deposit
£9,411
Photo shoot
£8,823
Website design
£5,882
Marketing
£3,529

Key people

John Goodman Tchoudi
Director
Red cup

Investor rewards

Beautiful Deal

If you invest between £1000- £4999, you get £100 in store credit for items over £500

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Business brand

Nottingham, UK

"Sika’a continues to shine a spotlight on the beauty of African fashion, making it more accessible in the Western culture. Our vision is to transform our already established label into a global African fashion house."

Incorporated
5 years, 5 months
Credit risk indicator

Risk warning

Past performance and forecasts are not reliable indicators of future results. Your capital invested is not covered for compensation in the event of a loss by the FSCS. Tax treatment will depend on the individual circumstances and may be subject to change. Please see our Risk section before making an investment decision.