248 weekly installments • 33%
I come from Western Kenya a place called Ugenya and but currently I live and work in Eldoret Town. I have been in these Town for the last ten (15) years. I am a marriage man to one woman aged 42 years with five children (four girls and one boy). I have O level Education background also possess a Bachelors degree in Biblical Studies. I have been a Pastor for 10 years. Due to financial challenges and family responsibilities forces me do part time business of selling clothes to minimize financial constraint
About My Business
Besides Pastoring, I have been selling clothes to offices, shops and estates. I chose this business due to high demand by the people who have no time going to the market because of their working condition and various engagements. I also have a shop where I display clothes for sales. My business is always active and promising as the two business support each other.
The business does not face any risk as I select the best clothes from main market and stock them in my shop and sell others at mobile shop. My monthly cost of running the business is $ 90 while average Gross profit before the expenses is how I normally use profit approximately $ 70
The following is how I use profits from the business:-
10% I give tithes to church
50% Upkeep i.e. food and clothing
20% Payments of school fees
15% bills, rent and emergencies
Describe what you will do with the loan.I will spend 500$ for new stock 200$ wages & bills 100$ family upkeep total 800$ .Benefit increase no. staff for effective of the bussiness. My family will financially stable. l expect profit to increase by 60per cent. I will buy new clothes 300$ second clothes 200$ .
Mar 20, 2017
Cost to entrepreneur
Service fee: 5% of $845.23 = $37.64