Inventory of new clothes for Easter

Duncan

Nakuru, Kenya

33% repaid

Entrepreneur

Name

Duncan

Member since

September 2013

On-time repayments

76 installments  •  21%

About Me

I am a young male kenyan citizen,and my names are Duncan Bett Chepkwony.I was born in the year 08/07/1985,at Nakuru County,in a village called Afraha Estate,in the larger Nakuru District.,Kenya.My parents are Mr & Mrs William Chepkwony and Mary Chepkwony.We were born seven of them being five boys and two girls.I am the fourth born .Sice my father is a Church elder in our church,we are tought on the Godly way.H e has shown us to respect other people,to be trustworthy &honest in the whole society and to be God fearing people in the society.
I joined primary school in the year 1992 in class one(1),then i completed in 1999and got my primary certificate.In the 2000.i joined Loreto Boys High School here in Nakuru, and completed in the year 2003.In the year 2004,i joined my college where i did Information Technology and got my Certificate in 2006.After my education i started my own clothes selling business.

My Business

I am currently operating new clothes selling business.I do this businesss for the purpose of getting my daily bread.I satarted selling new clothes in early years of 2009.During that period i did not have more customers since i had located interior where customers could not access my services.Later in the year 2012,i relocated at Kimotho Shopping Mall, a store located within Kenyatta Avenue and i have seen more new customers each new day.Since i moved to this new building i had been buying the goods every first day of every month in Nairobi,Eastleigh Malls.My business is recognized by the Nakuru Municipal authority by being lisenced.The business is profitable,hence buying bulky Clothes from the suppliers is an idea i am going to implement after i get more financial support from your Microfinance,to enable me sell at a discounted prices here in nakuru like my other competitors .From the January net sales ,the profit was Ksh.23,900.Out of this i paid my house rent Ksh.3,500.Electricity.ksh500,Garbage collection and water.Ksh850.I was left with clean Ksh.Ksh.19,050.Out of the loan the zidisha team will offer to my business,i will make my clothes business more profitable and later i am looking forward in opening another store within the same avenue and to employ more young people so as to create an employment to my other younger peoplefrom my village to be financially able.It is my prayer that Zidisha will consider my proposal and approve the loan pledge.Thank you all.

Loan Proposal

I take this moment to thank the entire Zidisha Team for granting me another chance to apply for another loan to continue to progress with my business and expand as expected in the near future ,for this particular loan i intend to add more new clothes for my business, it will be of great use and advantageous to me and the business as the Easter Holidays are around in few days to come and the holidays have started as the schools have started closing, and this is of great boost to the business as parents and guardians will be shopping for their loved ones for new clothes and more so they will be visiting my business for good prices as compared to my competitors.Thank You in advance.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$173.00

Date disbursed

Apr 17, 2014

Repayment status

Late

Projected term

16 months

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