Business loan for clothing sales

Edwin Kangethe

Kajiado, Kenya

24% repaid

Entrepreneur

Name

Edwin Kangethe

Member since

October 2017

On-time repayments

120 installments  •  82%

About Me

when life gets tough,the tough get going.this proverb has become a reality in my life because, through out my childhood and education what I knew especially meals was a one course meal,in education I was always out of school due to lack of school fees.I could accompany my parents do some casual jobs in order to raise money to go back to schools for my parents couldn't afford it.this what gave me the drive start my own small business to make my living when I finished secondary level.

My Business

To start my business, I had to do some manual jobs which after some months I was able to raise good amount to buy a bale of jacket.it costed me around ten thousands Kenya shillings.I could sell that in one week and got an interest of three thousands. nowadays I can sell almost four bales in a week and give me an interest if approximately eight thousands a week.some of the profit I use to reinvest the business, some for my school fees as am currently studing part time and the rest I use for my personal utilities accordingly.

Loan Proposal

I will purchase 6 bales of assorted jackets which cost at least $70 each which will amount at around $420.since we are in the cold season, since I started learning part time on tourism course of which the fees is $300 per semester and it will also assist me in paying fees partly.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$520.00

Date disbursed

Jun 15, 2019

Repayment status

Late

Projected term

23 months

Lenders

Paul Buchheit

Mountain View, United States

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