Buy material for production of ready made clothes

Ambrose Otongo

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Ambrose Otongo

Member since

January 2015

On-time repayments

170 installments  •  39%

About Me

I was born in the slums of Kibera Nairobi and growing up was practically a nightmare since most of the time there was no food for us,being in a family of 7 siblings and being the 6th born it was a hell of time but god willing i managed to be through with my primary and secondary education.after secondly i started doing casual jobs in the neighboring rich estates and within a year was able to save enough to buy a shewing machine which i started business with.my hobbies include traveling,reading and attending fashion events.

My Business

In my shop i offer the following services;repair torn clothing,prepare ready made for selling and supply to other shops.Clothing is an important and basic need to everyone ,using my creativity and techniques come up with thew latest and new fashion clothing that satisfy my customers. My cheap prices also acts as an advantage for attraction of customers.a sell a typical ready made suit at KES 3000 ($33),a female dress at KES 2000 ($22) and charge on repairs and other services at cheap prices.From my business i make a profit of about KES35,000 ($ 389).I use my profit to support my family members and purchase of basic equipment for my shop. my businesss has done miracles in my life.

Loan Proposal

I will use the loan to buy material to produce ready made clothes for supply to boutiques and sell in my shop if I am funded.one piece of material ranges between KES 700-3000 ($ 8-33)I will buy a stock of this materials together with other production materials in order to sell them which will increase my profit by at least 35%. Hope my loan will be funded.Thanks in advance.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 16, 2015

Repayment status

On Time

Projected term

6 weeks

Other loans

Lenders

McJulio

New Jersey, United States

A

Andrii

Kiev, Ukraine

G

GEMMGMT

United States

O

ORBP1

Germany

C

cnr

United States

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

Loading...

Loading...

Loading...