More stock for my clothing business (and an ice-cream cooler)

Peter

Naivasha, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Peter

Member since

September 2015

On-time repayments

176 installments • 11%

About Me

I am aged 20 years and i finished my A levels last year.My quest for education has had a lot of hurdles since my parents could not be able to raise my school fees.I then came up with an idea of growing and selling kales which was profitable and i was able to pay my fees and have some left as pocket money.After clearing high school i continued growing kales.The money i got i was able to start my clothing business.My business is based in a community where they are friendly and hospitable.When i have my own family my quest is that my children will get the best education in life.My hobby that i love the most is hiking in our area there are mountains which i use as my pastime.

My Business

My services is selling clothes to my community.In my community selling of clothes is of high demand so i make sure i have the latest fashion and the most unique.I chose these business because i saw that i could relate well with my customers and the demand keeps growing each day.I buy my clothes in bale and it costs me around14500KES ,after selling i make around 8000 as profit and from that i deduct 1000 for licence,1000 for my basic needs and the rest i save.T he profit i make i use it in restocking and also i am saving since i want to go back to school for higher education but i will use distance study in order to make sure my business grows.I also plan some of my profit i will help and boost my kale business which i plan to grow again.

Loan Proposal

The money that you will lend me i will use part of it to buy ice cream cooler and the other half i will use it in adding more stock for my business.The place where my business is located is in a competitive location and my business has been doing well profit wise .The ice cream idea came about being asked a lot about it and i decided to try and it picked well.My business helps me clothe the community and the ice cream idea runs well in the community.The money that you will lend me will be used for my business.I am hoping my profit to double up since my clothes business has picked up well and the ice cream business will help my profit margin increase.