Add stock to my second hand clothing business
Geofrey
Eldoret ,kamukunji Bondeni Estate, Kenya
100% repaid
Entrepreneur
Name
Geofrey
Member since
October 2015
On-time repayments
117 installments • 71%
About Me
Iam Geofrey K.Omula,aged 39 years old ,From Nmabale Town ,Busia County in Kenya But currently I live in Eldoret.
I was priviledged to school up to form 4
Iam married and God has blessed us with two children a son and adaughter.
Started business in Eldoret Town Uasin gishu county in 2005
I live in Eldoret town with my family
My Business
I do the business of buying and selling second hand clothes ,popularly called mutumba in Kenya.
I started the business in 2005 as a suppliment to employment income and since then the business has grown big by the grace of God .I manage the business with my wife .Our business is located in ELDORET WEST MARKET.
We usually buy bells of second hand clothes open them then we sell pieces on retail basis.
Monthly cost of operating the business is approximately 450 us dollars ,while runing expenses approximately 220 us dollar ,thus monthly profit is approximately 230 us dollars.
I normally us the profits finance upkeep of my elderly mum ,school fees for my children and some months where their is no school fees I plough back part of the profit into business
Loan Proposal
MY PROPOSAL IS THAT IF FUNDED ALL THE US DOLLAR 200 ,I INTEND TO USE TO BOOST MY BUSINESS STOCK BY BUYING ONE BELL OF T-SHIRT AT 120 US DOLLARS AND THEN TROUSERS WORTH 80 US DOLLARS .
I TARGET THE END OF THE YEAR BUSINESS .MY BUSINESS IS ALWAYS GOES UP IN THE SEASON OF OCTOBER TO DECEMBER EVERY YEAR DUE TO HIGH DEMAND .SO I DO EXPECT TO INCREASE SALES BETWEEN 150% TO 200% IF I GET SOME MONEY TO ADD STOCK .GOD BLESS YOU LOOKING FORWARD TO YOUR WISE CONSIDERATION.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Oct 20, 2015
Repayment status
On Time
Projected term
15 months
Other loans
Lenders
United States
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