Adding stock for mid year sales

Godfrey Nambwaya

Kakamega Joyland, Kenya

100% repaid

Entrepreneur

Name

Godfrey Nambwaya

Member since

May 2014

On-time repayments

253 installments  •  92%

About Me

I am a young Kenyan Male residing in Kakamega Town. I am a graduate of Egerton and Jomo kenyatta University and have worked as a banker for the last 9 years with Barclays bank of Kenya and later Equity bank. I have passion for business and i do engage in supplies of general office equipment and commercial poultry farming. I do also engage in the sale of second hand clothes on a small scale. I have learned to get determined in whatever income generating activity that i engage in and hence this has made me succeed in most cases.

My Business

I engage in commercial farming and freelance academic consultancy where i am an academic research assistant on various topics. This is my key economic activity that sustains my upkeep. Currently i have started the poultry farming and second hand clothes business and i wish to expand it to a level where i can manage my costs and expenses well while i retain profits. This is a promising business because i have done it for over nine months and i feel it has the greatest potential if i expand it. my current stock is about $4000 and i am seeking $960 so that i may boost my stock by adding 5 bales of ladies clothes so as to serve more customers. The first bale that i was funded here did well and now i have a bigger market. It enabled me to pay my loan well without any difficulty.. This is my second loan and i hope to add more because i have already created demand.

Loan Proposal

Hello lenders, I need about $430 to enable me to add more stock for ladies blouses. i want to buy fifteen more high quality bales that are on great demand at the moment. From my observation, mid year sales are always high because the people have cleared major debts such as school fees and feel free to spend on clothing. Therefore, if i plan and get the clothes ready at the moment, i will manage to serve this market segment and pay my loan well.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$402.08

Date disbursed

Jun 8, 2015

Repayment status

On Time

Projected term

9 months

Cost to entrepreneur

Service fee: $15.86

Lenders

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