Purchase of mutumba clothes for sale
Lillian
Embakasi, Kenya
100% repaid
Entrepreneur
Name
Lillian
Member since
January 2015
On-time repayments
9 installments • 100%
About Me
Am a young lady aged 23 years. I am a graduate from the university of Nairobi with a bachelors degree in psychology and philosophy. I was born and raised in a poor background and studied under the support of friends, relatives and well wishers. I graduated from the university in the year 2013 and have not yet secured a better employment opportunity. With the little income i earn, i support my siblings in school. I therefore decided to venture into business for more income.
My Business
I buy and resell clothes in the local markets in Nairobi. I started this business while i was in school. I used to buy clothes and resell them during the weekends and whenever i had no classes to attend. I have decided to secure this loan so that i can be able to pay for a centralized selling point and increase my stock. By identifying a selling point, i will be able to maximize my profit because my customers will be able to find me whenever need arises.
Loan Proposal
When i get this loan, i will purchase clothes from the local market at around $1 per piece. I will then wash and iron to make them look better after which i will resell at around $2-3 thus making a maximum profit. This means that i will be able to raise double the amount of the loan, which will enable me to comfortably and timely repay my loan and invest the rest of the amount.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jan 14, 2015
Repayment status
On Time
Projected term
3 weeks
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