Revamp stock of African jewelry

Jimmy Mwandawa

Sofia, Kenya

100% repaid

Entrepreneur

Name

Jimmy Mwandawa

Member since

July 2015

On-time repayments

52 installments  •  40%

About Me

I am a Kenyan born and raised in the slopes of Taita hills first born in a family of three.Having challenges growing up including lack of school fees,proper clothing and going hungry sometimes and assisting my fellow siblings,drove me to start looking for cash at an early age.These challenges were a blessing in disguise because they helped me build my character to be a go getter,hardworking and strategizing on making life better for me and my family.I am currently employed however I do business on the side to meet some of my needs and make ends meet.This business has been in existence for the past 2 yrs now and has been growing significantly.Through this business returns I have been able to secure a 50x100 plot where am planning to establish a business structure of my own soon.

My Business

I deal with African accessories including bangles,earings and necklaces. I buy them at kshs 60 each and sell them at kshs 100 each...making 40% profits per item.The items pictured are the only ones remaining and the demand is overwhelming hence looking for cash to revamp my stock.This loan will be used to increase my inventory,pay some suppliers who have been supplying me with the products.

Loan Proposal

The loan will be used to revamp the stocks,increase inventory and pay some suppliers debts.From the loan expected returns will be at least kshs 6000 as profits.Items to be purchased will include 50 pcs of bangles @kshs 60, 50 pcs of earings @60 shs and 50 pcs necklaces @kshs 60.This makes a total of kshs 9,000 and the rest will be used to clear some suppliers debts.Expected returns will be kshs 2000 for bangles,earings and necklaces respectively totalling kshs 6,000

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$98.35

Date disbursed

May 31, 2017

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $4.14

Lenders

J

johan

Oslo, Norway

C

CanadianMom

Toronto, Canada

Cloudways

Malta, Malta

HMS_5th_Grade

Honolulu, United States

M

marcmesich

Kaohsiung, Taiwan

O

Ohio

Ohio, United States

D

Darckdog

Lisboa, Portugal

Paul Buchheit

Mountain View, United States

K

Kebrenagast

New York, United States

Jamie

Dublin, Ireland

MW

Matt Willis

United States

W

Wade

United States

JC

Jethro Carr

Wellington, New Zealand

kristina

Dneprodzerginsk, Ukraine

Carla

Amsterdam, Netherlands

PG

Paul Graham

United States

Arnaud M

Sydney, Australia

KE

Karen Epolito

Syracuse, NY, United States

Joelle Steiver

Brumunddal, Norway

Sinan Taifour

Munich, Germany, Germany

J

jeananne

United States

Brooke Cain

Madrid, Spain, Spain

Evan Metzner

United States

Craig Newmark

United States

M

Marama

Australia

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

NM

Nitya Marepally

San Ramon, CA, United States

BE

Bob Ewing

United States

Paul Buchheit

Mountain View, United States

Jane

Ontario, Canada

CN

Craig Newmark

United States

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