Entrepreneur
Name
Evans
Member since
February 2016
On-time repayments
129 installments • 11%
About Me
Am Evans Chesaro i was born and raised in eldoret town, I schooled at eldoret high school and Eldoret polytechnic its when i lucked employment opportunity that i decided to sell my bicycle and start a cloth selling business. I started with 2000 Kenya shillings that was in the year 2012 today i at least have increased my stock to 50,000 Kenya shillings and done lots of development at my home.
I have a passion for cloths i travel to nearby county Uganda where i buy the cloths at a cheaper price when i bring to Kenya i make a profit of 50 percent the buying price the profit i make i spend on education for my children and cater for daily basic needs.
My children wants to be in school i have to help them complete their Education and see to it that they get employment.
My Business
I buy cloths in wholesale and sale at a profit my profit increase with the number of items i sell in a day, I usually sell 7 to 10 items a day making a profit of 1500 Kenya shillings which is used to restock the shop and pay tax alongside taking care of basic needs and children support.
Demand for cloths in my area is high because their are lots of campus and schools and this students like to be in fashion maintain the fashion they need is the secret to success in this business.
I spend 20000 Kenya shillings to buy new stock which when sold to completion i make 40000 Kenya shillings this is a 50 percent profit which i can make in half month and maybe a month when sales are low.
Loan Proposal
Granted a loan of 59 us dollars after deductions of loan reserve fee contribution, i will remain with 59 us dollars this amount i will top up to my initial capital of 200 us dollars make it 259 us dollars and use to buy the following items, 100 us dollars for men cloths.100 us dollars for ladies cloths and 55 us dollars for ladies shoes, 4 us dollars will be for transportation.
This will be an improvement to my stock as i have not tried selling shoes before and with this loan i will introduce the sell of shoes because ladies customers are asking for shoes.
I will be able to maintain my monthly profit and increase profits from the shoes.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 23, 2016
Repayment status
On Time
Projected term
3 months
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