Add more Mtumba clothes

Daniel

Road-block-malaba, Kenya

Funds disbursed

$0 to go

100% funded of $5 goal

0

days left

Entrepreneur

Name

Daniel

Member since

May 2016

On-time repayments

6 installments  •  0%

About Me

Am 25 years of age,I grew up in Nandi County,Aldai Subcounty Kemeloi ward.While I was young I had dreams of becoming a doctor.I began the journey of actualizing my dreams.
I joined a nearby primary school where i worked hard and at the end of eight years i sat for the Kenya Certificate of Primary Education and passed very well.
I was to join a.National school but I couldnt make due to financial constraints.So I was forced to join a local secondary score but my zeal of working had was my motivation.I completed my four years and passed with a credit of B +.This grade was capable of enabling me to go and study medicine but lack of finance made my dream of becoming a doctor to come to an end.
Since life has to go on,I thought of venturing into business,the idea was good but another problem arises I had no capital to start the business.
I decide to model the bricks,which i sold and got 5000KES ,which I start my current business of selling imported used clothes commonly known as "MTUMBA".

My Business

As mentioned above I currently sell cloths Mtumba type this business I began ot after making bricks and selling them.
The Mtumba clothes and relatively very cheap compared to other locally manufactured clothes,this makes me to sell because the generation that surrounds me are people of low income.
I began my business with 5000 KES ,and I make a profits of about 1000 shillings per day.
I intend to use this profits for my upkeep,reinvest back into my business and save the rest for fees of my young siblings.

Loan Proposal

AS I have indicted above I currently sell clothed the mtumba type.I began this business after modelling and selling of bricks.
I there want to add more mtumba's to my stock this will see me earn huge profits since the mtumba clothes are normally on high demands by individuals who are of low income since they are relatively cheap.
I currently make sales of 1000 KES daily but I anticipate it to increase with the addition of more stock.
In summary all the 5 dollars I will raise here I will add together with the savings I have to add more clothes(mtumba).
Help me achieve it.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

Feb 8, 2017

Repayment status

Late

Projected term

6 weeks

Lenders

MarktheMormon

Sandy, Utah, United States

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