Entrepreneur
Name
Passy
Member since
February 2016
On-time repayments
47 installments • 47%
About Me
I am a born again Christian, hardworking and ambitious, I was born in litein Bureti District. I am the fifty born in a family of seven. I am blessed with one child. I completed my primary school education in 2000 at mercy Primary in Sotik. In the year 2001 I joined Pangani Girls’ School where I later obtained my secondary school certificate in 2004. In 2005 I joined Kenya Technical teachers college for a Diploma in Information Technology and Graduated in 2007....... After my internship I decided venture into business that can keep me busy and the same time allow me time to take care of my young family. After a proper analysis on the problem that the ladies were going through to access the kind of goods and services that I was willing to offer. I started clothes selling business where ladies and at times men place their orders as to how many pair they wanted ..
My Business
I largely rely on the profits generated from my business. My customers are mostly ladies and at times men but of a smaller percentage. I sell clothess to both individuals and business people. I operate in an area with less competition thus working to my advantage. Demand for my services is high given that the brand and quality of the fabrics is on the higher side. Due to efficient and effective service delivery this has made my business the most preferable to my customers by meeting their needs in a timely fashion. The business operates with one major risk which is bad debts where some customers move houses and do not make their residence known making collection of debts quite difficult, to ensure this does not occur I have made sure the most of my customers know each other and relate well. The business generates a minimum profit of three thousand, five hundred shillings weekly making my monthly profits to not less than ten thousand shillings a month, this puts me in a position of managing any loan that I may acquire for the expansion of my business.
Loan Proposal
our utilize the amount to buy bales of clothes ie one bale at ksh 1000 meaning i will buy six bale which in-turn one bale will catch ksh 1800. The profit per bale will ksh 800 which will create more wealth and improve my living standards
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Loan Info
Project Type
Classic Loan
Disbursed amount
$68.00
Date disbursed
Oct 21, 2017
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
United States
Germany
Jake Gibson and Beverly Picardo
San Francisco, United States
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