Clothes enterprise

James

Thika, Kenya

100% repaid

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How it Works

Entrepreneur

Name

James

Member since

January 2015

On-time repayments

72 installments • 61%

About Me

I am a 27year old man born and raised in Thika.I studied at Genaral Kago primary school and later joined Broadway secondary school which i cleared in 2006 with a C+.Due to lack of school fees i joined Garissa primary school as private employed teacher for to raise my college fees.I joined the Excel Institute as as CPA student in 2012.In the year 2012 i started a shoe business to supplement me as i was studying which i supplied in the evening.Thika is a town with diverse culture that has a lot of colleges and i the demand of clothes and shoes is very high.In the year 2013 business was match demanding and i changed my classes to part time to enable me cater for my fees.My pass time is spent as a football coach to slum kids and orphans in institutions such as Wema,Action aid and angaza sports and development centre.

My Business

My business involves supply of shoes and clothes to the local community.Thika is a town with diverse culture and it has atleast 60% of its group as ladies.This is why i chose to take this type of business to meet rising demand in this item as due to the high number of students in Thika.My cost involves purchase of inventory,rent and transport.My profit is spent on personal needs,reinvestment and education.

Loan Proposal

I am planning to use my second loan to introduce shoes to my business.These will complement the business since it will reduce transport and rent clothes per piece of cloth.I am planning to acquire 60pieces of ladies shoes at $3 per pair.Then i will sell the pair at $6-8.This will work well in reducing the cost of rent and transport since i intend to use the same room i sell clothes.This will enable me meet all the repayments and expand my business.Thank you lenders for your support.My profit is expected to increase by an avarage $360 a week.