Entrepreneur
Name
Godfrey
Member since
May 2014
On-time repayments
257 installments • 91%
About Me
I am a young Kenyan Male residing in Kakamega Town. I am a graduate of Egerton and Jomo kenyatta University and have worked as a banker for the last 9 years with Barclays bank of Kenya and later Equity bank. I have passion for business and i do engage in supplies of general office equipment and commercial poultry farming. I do also engage in the sale of second hand clothes on a small scale. I have learned to get determined in whatever income generating activity that i engage in and hence this has made me succeed in most cases.
My Business
I engage in commercial farming and freelance academic consultancy where i am an academic research assistant on various topics. This is my key economic activity that sustains my upkeep. Currently i have started the poultry farming and second hand clothes business and i wish to expand it to a level where i can manage my costs and expenses well while i retain profits. This is a promising business because i have done it for over nine months and i feel it has the greatest potential if i expand it. my current stock is about $4000 and i am seeking $960 so that i may boost my stock by adding 5 bales of ladies clothes so as to serve more customers. The first bale that i was funded here did well and now i have a bigger market. It enabled me to pay my loan well without any difficulty.. This is my second loan and i hope to add more because i have already created demand.
Loan Proposal
The cloth selling business that i am having has grown and has a stock of about $5000 and i wish to add additional bales worth $770 so that i may boost my stock. These will be about 7 bales. We are approaching the Christmas season where people buy clothes in bulk. I want to capitalize on that and make good profits.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$752.00
Date disbursed
Aug 27, 2018
Repayment status
On Time
Projected term
17 months
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