Clothes’ sale during the christmas season

Joe

Lodwar, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Joe

Member since

August 2015

On-time repayments

130 installments • 39%

About Me

hello lenders, I am githaiga Joseph aged 38 years. I am a family man with two kids-two boys. i am currently working with a local organization but also I have side jobs to earn extra income. I buy used and new cloths and shoes and sell for a small profit online.i plan to open a shop soon if I get some capital.

My Business

besides a salary I earn from my employer I also have small businesses to supplement on the income. I am engaged in selling cloth items at retail price.i buy new cloths and sell them through my friends and neighbors.basically it's a virtual boutique. Its a fairly new business venture but is able to bring some income and pay some bills.

Loan Proposal

Hello, during this festive Christmas season, many people from all walks of life shop, travel, visit friends among other things. It’s actually a good time for business. Due to long distances I have to cover by bus while buying my stock, I always try save some n money and buy enough stock to meet the travelling expenses. To this end, I have saved about 100 US dollars which am hoping to supplement with the loan I hope to get to buy enough stock. In total am hoping to get my stock with US dollars 200. With this amount I plan to buy about 10 vitenges @10 US dollars, 10 pieces of ladies clutch bags@5 US dollars each, assorted children cloths for boys and girls about 10 pieces @5US dollars each. Each item listed above can fetch at least 100% profit; less the few expenses like transport while purchasing the items, I am sure to earn some profits.
I am hoping to sell of the stock by end of Christmas period and this way I am assured of repaying my loan timely. The proceeds I get from this sale will go a long way in catering for my family’s bills like fare, rent and gifts for the Christmas. Thank you.