Additional stock for my busuness
Charles Mwangi
Kiratina, Kenya
100% repaid
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 add a bale of second hand shirts which will boost sales in my business. a bale of shirts will cost me approximately 200usd. am expecting a loan of USD 180 of which am planning to provide the difference from savings. with this stock am expecting more sales and a good profit will always be using for reinvestment.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$182.00
Date disbursed
Apr 15, 2016
Repayment status
On Time
Projected term
25 months
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