Adding more clothes to my stock

Charles Mwangi

Kiratina, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Charles Mwangi

Member since

February 2015

On-time repayments

251 installments • 71%

About Me

My name is Mwangi Waiya,age 24 and currently residing in Nakuru,Kenya. I am the last born in a family of four, having one brother and two sisters. I lost my father at a tender age,and therefore i didn't know much about him. This accelerated hardships in our family since my mum being a widow and the same time the bread-winner had to toil and moil to feed us. I had to spend most of the days at home than being in school, not that i really enjoyed being in home, but because my mother's small hotel income would not sustain us and school fees included. This forced me to do casual jobs after school at least to assist my mum to pay for school fees.I had to face unbearable challenges for many years in education. But patience and perseverance enabled me to face everything calmly. After completing High School my sister took me in where she sought a cleaning job for me at a nearby office. I was employed at Lamp & light of Kenya, After one year i got an unexpected promotion due to my diligence and commitment.This opened a chance for me to start saving some small money from my monthly income that enabled me to open a small clothes shop.

My Business

Since childhood I have always been wanted to become a successful businessman. Having been born in a community that embraces business as a way of living and taking risks as a part of life,this revived my passion for operating my own business. Clothes being in big demand in suburb of Nakuru area,since making a travel to Nakuru Town is 120 shillings to and fro many people prefer purchasing clothes and other related items away from town. This has been an advantage and an excellent boost to my business forcing me to employ a committed young man to do sales since i have to be in office. Passion and enthusiasm has driven me to do this job and i am looking forward to opening another job in a different area if assisted. Reaching many people through a better service has always been my thirst. It would be a thrilling moment for me to open another clothes shop,because i have experienced and learn t a lot that i would enjoy expanding to different areas. I make a positive profit of between Ksh1000-Ksh2000 weekly that i believe will enable me to repay the loan offered to me on time.I use some profit to invest in my mother's cereal shop because she has been invaluable and very present when i needed her the most. I do invest also in business that i am extremely optimistic will grow some day in future. My dream is to become a helpful,prosperous businessman in the society and possibly to help many young people realize and go after their valid dreams . Getting assistance is one way of making this a reality, and i warmly welcome any help offered to me,to be able to expand my business that i adore very much. I promise to repay back the loan punctually, without failure or disappointments. Thanks a lot

Loan Proposal

Am planning to buy 15 pcs. of shirts @ 2.27 USD total is USD 34.05. T shirts 10 pcs @ USD 1.14 the total is USD 11.4. Trousers 12 pcs @ USD 2.84 the total is USD 34.09. 10 pcs of vests @ USD 1.14 the total is USD 11.4. Socks 20 pairs of socks @ USD 0.57 the total is USD 11.36.

The whole Total is USD is 102.30