Beads

Charles

Nyahururu, Kenya

100% repaid

Entrepreneur

Name

Charles

Member since

March 2015

On-time repayments

106 installments  •  51%

About Me

I was born in a family of 6; 3 girls and 3 boys as the last born. I then went to the local nursery school n later joined the local pry sch. Having come from my humble background, I knew I had to work extra hard to change my families living stardards. I always topped in my class upto class 8 where I set a record yet to be broken. I then joined Nyahururu high sch and through the hardship of matters pertaining school fees, I managed to pass well and I joined JKUAT main campus Juja where I take Bsc Applied maths and statistics.
Besides my little savings which i had made after the hustles in industrial area Nairobi after form 4, we teamed with my friend Steve and decided to start a clothes business. after struggles of taking clothes from one hostel to the other, we managed to open a boutique in Juja town.
The unique thing about the land I come from is that It's ever green growing all kind of vegetables and potatoes. The unique hobby I have is that I like playing catalogue quiz challenge.

My Business

My business is a boutique where I sell both clothes and shoes. I chose this business in because the population of Juja is mainly occupied by student who are so good in shopping. I sell my products at a profit so as to earn a living. I use my profit to pay for my rent, school fees and also to expand my business. Also, I have joined a group called Hands of Compassion Ministry (HCM) where we are visiting children homes to help the needy there.

Loan Proposal

When I will be granted the loan , I intend to invest it on my beads business. I need to increase the stock with about 200$. This will ensure that I will have enough stock to supplying my customers with all types of beads for their various uses. Also, I want to be making jewels like necklaces, bangles and tiara using beads. This will ensure that I will have no shortage of beads which is my main challenge for now. This shortages leads even to loss of customers for not meeting their demand and deadlines for I have to go and purchase them in Nairobi town. This is time consuming and also expensive due to additional expenses like fare. Having achieved this, i will have doubled the profit am currently making. I will be so glad to receive the loan so that we can together fill this gap. Thank u in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$180.00

Date disbursed

Aug 9, 2015

Repayment status

On Time

Projected term

8 months

Lenders

KM

British Columbia, Canada, Canada

PG

Paul Graham

United States

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