Entrepreneur
Name
Rashid
Member since
November 2014
On-time repayments
59 installments • 20%
About Me
its a pleasure for me to introduce myself here. my name is rashid mungoma a resident of chonyi in kilifi county but currently am in mombasa where i work as a hawker who sell the second hand clohing.i schooled at bundacho primary school and later joined dzitsoni high school where i completed mo form four level of study. being the first born i did not have the opportunity , because i had to look after my younger siblings at home. now i have two sisters whom i sponsor for their secondary education
My Business
in my business i sell second hand clothes at mtwapa kenya, i obtain these clothes from mombasa kongowea market . as most of the residents in mtwapa are middle income earning they prefer second hand clothes as opposed to new clothes. this makes the demand for this be high enough to be a profitable business.i choose this kind of business because i didn't have enough money to start a large business and the fact that clothes are not perishable encouraged to start this business. my montly income is around$500, and i have rental expenses of$100. some of the profit is for school fees and part of it is for my reinvestment
Loan Proposal
For the great help the first loan was to me,i believe that this loan will be of greater help and beneffits. On this loan i will use all of it to purchase mens trouser to add up my stock.i will buy round 9 pieces of trouser @$5. Currently i have few trousers remaining and i believe in buying additionall stock will help me improve my customers thus the sales return. This will help me make reasonable profit to be able to repay zidisha and do other personal needs and improve my business. By helping me it means you will have helped two kids whom i support in their primary level education.please lenders help me in this loan propasal by funding it
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Loan Info
Project Type
Classic Loan
Disbursed amount
$49.00
Date disbursed
Feb 16, 2015
Repayment status
Late
Projected term
11 months
Other loans
Lenders
United States
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