Business expansion

Charles

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Charles

Member since

September 2016

On-time repayments

14 installments  •  36%

About Me

Born in a family of 5, being the last born. I underwent early childhood education and later on did my high school education I did not proceed to collage. I opted to start a Business venture of selling branded clothes and shoes I have been struggling with little capital which I was helped and funded by my mother. Business does thrive well in My area. My child has a dream to be a professional worker. I like to meet new business personnel with new ideas.

My Business

I have been dealing with sales of branded shoes and clothes a business which is good with an enticing capital has good returns since clothes move day in day out since fashion never ends. I love what I do since it keeps me busy and gives me a good income. I also do on line marketing for my business since it gives me a large network of clients and customers. thus taking my business to a new level. selling clothes has been my dream and passion for long after my studies I never hesitated to venture in any business since selling clothes was all I had in mind. My brother is a fashion designer who also help me to get the best clothes and shoes in the market.
Though there is a stiff competition I try to deal with new arrivals since I get them, from the neighboring country this is an advantage since there is no flock of the same commodity in the market. The huge challenge I get is high rental charges on the stalls I use in My business. The profit realized in Use in taking my child at school and the rest I reinvest in my business. In the next 2-3 years I want to be a supplier in Nakuru and the rest of the country to supply of branded clothes and shoes where I will be importing from the Uganda a neighboring country.
Through the help of my brother a fashion designer I choose fashionable clothes and shoes mainly aiming the youths and the young upcoming celebrities since I am in touch with them most of the time

Loan Proposal

With the loan I intend to buy about 20 pairs of shoes that will be about USD 200. Buy more pair of trousers , hoods and shirts that I will be about USD 200 and the remaining I will use to miscellaneous of day to day running of the business.

By doing this I will be able to expand my business and also have a large variety of selection to distinguish me from my competitors.

We are heading to the festive season I expect an profit increase of 30% of the amount of loan offered.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$762.00

Date disbursed

Oct 15, 2016

Repayment status

On Time

Projected term

23 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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