Boost my inventory

Ian

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Ian

Member since

January 2015

On-time repayments

224 installments  •  75%

About Me

My name is Ian Ndirangu, born in 1994 to a single mother. i still consider myself as a budding businessman but I hope to start competing with big boys in business very soon.

I have been attending business management courses where I have learned vital lessons about managing cash flow and keeping records. With your continued support, I hope to keep excelling in the field of business.

My Business

My business entails buying and selling small items like handkerchiefs and trinkets. I do this as a part-time business since I am still in college pursuing my an ICT course. I have been in this business for some time now and I have a good number of loyal clients who are my main source of business. Due to the limited time I have for the business, I do it from door to door and I also go to sell in areas where people gather in large numbers like restaurants (if the management is kind enough to allow it) and bus stations.

It is a tough business but I am glad that it brings food on the table, pays for education and even supports my family (my mother and sister ) in a small way. I make an average net profit of about $180 per month since I have few overheads,
With credit support, I know this amount can rise to a higher figure.

Loan Proposal

If given this loan, I will use the money to boost my inventory by increasing the variety of my sale items. The items I have in mind are sunglasses where I intend to buy about 20 different types at a cost of $35. I will also spend $60 to buy 5 watches which are very popular with the youths.

With this addition to my inventory, I am sure my business will be more profitable and impact positively on my life and that of my family. Kindly make your contributions.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 28, 2015

Repayment status

On Time

Projected term

2 months

Lenders

D

Delph007

Den Haag, Netherlands

M

m_dennis

Toronto, Canada

B

blahblah

Nuernberg, Germany

Cloudways

Malta, Malta

B

BClay

Campbell, United States

X

xaphoon

angouleme, France

ads68

Melbourne, Australia

P

Patrick5678

Beijing, China

Vintagebeeinc

Youngsville NC, United States

C

curtains4u

North Kansas City, United States

Angelina

Northants, United Kingdom

Ask Ian a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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