Name
John
Member since
May 2012
On-time repayments
75 installments • 65%
I was born back 1951 educated up to primary level. After school I was taken to a village polytechnic where I was trained how to make clothes. I am a father of 10 children 4girls and 6boys. After completing my course i was not in a position of starting a business direct so i involved myself in casual work to support myself.
The life was not all that easy but i managed it.
From polytechnic I managed to start my own business after a long struggle which I am going on with to date. I do make all design as far as the men and women clothes are concern. People used to come from far because of my good job. because of the knowledge I received from my teachers people liked my work for I am the best tailor in my area. This course help me for what I get from my work supports my family and doing some other activities as far as the life is concern.
When I receive the loan, I will buy the suits material 50mts @ 5 dollars amount to 250 dollars, associate items like thread, buttons etc costs 223 dollars. if any remains will still go to associate items.
From the above materials I will be in a position of making 16 suits of which each suit will be sold @ 52 dollars. Materials and labor is 25 dollars.
So at the end total income = 16 x 52 = 832 dollars.
Total expenditure 16 x 25 = 400 dollars.
profit = 432 dollars.
After paying the house rent in three months time I will remain with 380 dollars which will raise my business with at least 80%.
Please lenders I need your support that this loan to go through and I do promise to pay back in a good time. I f you support me, you support my business and my family.
Positive
4
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$467.00
Date disbursed
May 29, 2015
Repayment status
Late
Projected term
10 months
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