Buying cushions to meet demand
Erick
Nairobi, Kenya
$0 to go
100% funded of $5 goal
0
days left
Entrepreneur
Name
Erick
Member since
April 2017
On-time repayments
12 installments • 25%
About Me
I'm the person who works hard to ensure I achieve my life goals even if it means working extra time.after my work i have set my side hustles which i engage myself in freelance writing,online marketing which boost my daily income that helps me feed my family and pump the rest towards my business.given the rising economy and competition from various business one has to keep from different business failure to which chances of crumbling down are high,the only problem is the starting capital for shifting to different businesses
My Business
I get income from a small business I've set for selling clothes.I managed to set it up from the savings I had from a job I had secured on a contract basis but it ended.I've been in search of capital to expand the business to see if it can generate more income.i later started selling sofa set cushions after noticing the demand was high but i had the challenge of starting capital.sometimes approaching banks for loans is a bit tricky reason being chances of the business picking are unknown,.also their lending interests are high that may leave you with nothing after paying them.
Loan Proposal
i intend to buy more sofaset cushions @ $1 then sell it $2 due the high demand.after finishing the first stock i will pump all the returns to the second stock for more returns.given the demand of the cushions and the new buildings being put up this means the high number of tenants will make the demand shoot up quickly.the demand will also be determine the price at which the cushions will retail thus enabling the stock to exhaust fast.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$5.00
Date disbursed
Jun 27, 2017
Repayment status
Late
Projected term
6 weeks
Other loans
Lenders
United States
United States
United Kingdom
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