Clothing business funding

James Maina

Thika, Kenya

100% repaid

Entrepreneur

Name

James Maina

Member since

August 2013

On-time repayments

303 installments  •  40%

About Me

i am James Muigai maina 24 years old. i come from a family of three,where i have 2 small brothers one in primary school and the other in high school. i am a certified public accountant of Kenya and currently i am pursuing my bachelors course online.i recently got a job in thika where by i work as an M-PESA attendant in thika town. due to the financial condition because my father recently was involved in an accident and lost his arm i have had the obligation of supporting my family. due to this factors i thought of a business venture of selling males shirts and female tops.

My Business

as i said earlier i came in to the business of selling female tops and male shirts, this i do it mostly in the evening during the rush hour where by i have been standing in thika town streets mainly near Gathimaini Chemist and also near Mac-vast hotel which are the major streets in Thika and have the most population during the rush hour. i decided to deal with female tops and male shirts mainly because of the nature of ladies being so much into impulse buying. i buy these clothes from Gikomba market where for example i buy a shirt at 100 shillings and then when i come to selling i do sell them at least at 200 shillings thereby making a profit of at least 100 shilling per cloth and due to my reliability i have been able to have some loyal customers and thus i am able to make sales each evening to about 6 people thus making a profit of at least 600 shillings which i use to assist my family and pay for my school fees.i also started a photocopy business which is also much profitable, although i have not yet been able to come up with a method of determining the profit per unit but so far it has reached the break even point.

Loan Proposal

i plan to spend the 550 dollars in the following manner: 30% of this amount i will use it to purchase female tops an equivalent of 165 dollars this amount i will buy female tops which goes for 1.62 dollars each and buy 100 tops which will sum up to 162 dollars, this i will buy in two batches of 50 each.
20% i will also use it to buy male shirts this is also an equivalent of 110 dollars. this 110dollars i will buy shirts which goes for 1.08 dollars each and therefore buying 100 shirts which i will buy in two batches of 50 each.
30% again i will use it to buy a photocopier machine to be able to do some small scale photocopy. this is a promising venture in areas near to a university and hence it will give good profit margins.
10% i will use it to buy printing papers and other printing and stationery materials.
the remaining 10% i will use it as operation float to help me mobilize the business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$566.70

Date disbursed

Apr 23, 2015

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $21.18

Lenders

M

mblue0953

United States

T

Tmann

Los Angeles, United States

V

vidarlil

Sandefjord, Norway

A

Anninymouse

Southampton, United Kingdom

S

slevon

Hemsbach, Germany

Sideburnjack

Conroe, TX, United States

D

Delph007

Den Haag, Netherlands

A

arenk

Karlsruhe, Germany

S

syklop

Lausanne, Switzerland

S

sendai

Saint Paul, United States

carlos vendrell

Barcelona, Spain, Philippines

Kitty

Hailsham, United Kingdom

tycho

Madison, WI, United States

AdamP

Sunnyvale, United States

G

garrybuck

Oro Valley, United States

cyrus0302

San Francisco, United States

D

drjofleming

UK, United Kingdom

S

SarahJoy

Peterborough, Canada

D

Davieboy

Melbourne, Australia

R

rhc2104

Burlingame, United States

DeanDropshot

Oslo, Norway

Charmonica

London, United Kingdom

adventurerneil

Boulder, United States

J

JBosshardt

Redmond, United States

F

Fiodal

Helsinki, Finland

M

m_dennis

Toronto, Canada

T

treyh

San Diego, CA, United States

S

sirius

Lauterach, Austria

J

javakonsole

Berlin, Germany

G

greenthomas

Tübingen, Germany

R

ruthlondon

London, United Kingdom

C

ChrisID

Vancouver, Canada

J

Johnrock702

Saint Augustine, United States

E

evanglend

Arlington, United States

D

djhenk

Amsterdam, Netherlands

RemyWay

Phoenixville, United States

Svenip

Vienna, Austria

O

oasis

Boise, United States

J

JakeA

Wellington, New Zealand

mikeypw62

Seminole, United States

H

HappythroughHelp

Torrance, United States

rodcul

Altea, Spain

P

PeaceandLove

Morro Bay, United States

C

cjmenchaca

Austin, United States

E

ericcamden

Berkeley, United States

D

dterryn

Brussels, Belgium

F

FCPLending

brooklyn, United States

B

Benoit

Paris, France

B

blahblah

Nuernberg, Germany

jpterry

Port Richey, United States

H

Halli

Bottrop, Germany

S

Stijn

Hasselt, Belgium

J

jdhowa2

Louisville, KY, United States

R

RosemariHerrero

Stockholm, Sweden

S

sglobal

Philadelphia, United States

beverly

Vancouver, Canada

CharlieBfl

Vaduz, Liechtenstein

P

paixful

Coalhurst, Canada

G D Export

Kolkata, India

J

jjonas

berlin, Germany

EmilAsker

Lomma, Sweden

J

Jazzie

Oklahoma City, United States

HE

help each other

Glasgow, United Kingdom

F

fisaire

Ithaca, United States

B

bhalter

Eau Claire, United States

S

Snake707

Somewhere, Germany

G

grahamfamily

Guildford, United Kingdom

T

tonilends

catalonia is not:, Spain

ProfStick

Grassy Head, Australia

indeh

London, United Kingdom

J

Jaslogic

Castle Rock, United States

rasmus

Bern, Switzerland

Quentin

Toronto, Canada

N

nodogosi

Espoo, Finland

Shasta

Erie, United States

A

AWhitefield

Ipswich, United Kingdom

T

toscoman

Adliswil, Switzerland

Erica

Caledon, Canada

B

bopsquod

Seattle, Wa, United States

kickerofelves

Sao Paulo, Brazil

B

blue0green717

St-Lucien, Canada

Cloudways

Malta, Malta

E

edcable

Seattle, United States

D

Dadiolafs

Vestmannaeyjar, Iceland

P

planespotter

Berlin, Germany

P

penguin3694

Chicago, United States

R

rpmccarthy

Sydney, Australia

borscht

Golden, United States

B

bugsheep

Houston, United States

lorello

Vicopisano, Italy

M

mmcclu111

San Francisco, United States

braccino

Settimo Milanese MI, Italy

countrygirl

Spring Green, United States

B

BClay

Campbell, United States

R

randy98109

Seattle, United States

ads68

Melbourne, Australia

M

michaelangers

Toronto, Canada

Christopher

Copenhagen, Denmark

P

Patrick5678

Beijing, China

J

JKorevaar

Springfield, Canada

O

Orenius

Tacoma, United States

skullyjo

Winnipeg, Canada

R

ramlax

Kalamazoo, United States

doflynn

Dublin, Ireland

Vintagebeeinc

Youngsville NC, United States

M

mkellerman

Shanghai, China

L

leeirel

Edmonton, Canada

basicus

Cairo, Egypt

D

DaveH

Folsom, United States

M

marcodexter

Darmstadt, Germany

I

IanPate

Victoria, Canada

S

sersche

Zurich, Switzerland

C

CloCkWeRX

Rosewater, Australia

panamaman

Philadelphia, United States

JC

Jordi Cohen

New York, NY, United States

fairspirit

Utrecht, Netherlands

A

Anette

Uppsala, Sweden

Z

zhihanchew1234

Tampin, Malaysia

L

LindsayB

Sydney, Australia

mithril

Prague, Czech Republic

K

KnutG

Bergen, Norway

Muslim

Riyadh, Saudi Arabia

B

BassFamily

Tremonton, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

C

caz32

chertsey, United Kingdom

shsingh

Melbourne, Australia

F

fundfinite

Wellington, New Zealand

U

usualsuspect

Amsterdam, Netherlands

GarmdGriek

Oslo, Norway

Z

ZacJ89

RIverside, United States

Zal0m0n

Atlantis!!!! x), Mauritania

U

Ubun2

London, United Kingdom

B

Bokolo

Leeds, United Kingdom

gseletko

South Perth, Australia

P

paul74

Chichester, United Kingdom

mohita

delhi, India

S

Spelbreker

Zwijnaarde, Belgium

V

Volpone

Geneva, Switzerland

Lambie

Perth, Australia

S

seikatsu

Palo Alto, CA, United States

Matthieu

Switzerland, France

H

harrymore

Townsville, Australia

xtrahardware

Cazenovia, United States

M

Mountainmanduy

San Jose, United States

M

Madone52

Brisbane, Australia

B

boingrid

Norrköping, Sweden

DJBic

Clinton, United States

HealthcareProvider

Baltimore, United States

G

GoCO

Golden, Co, United States

L

Lennert

Alphen aan den Rijn, Netherlands

H

Haavard

Bergen, Norway

JulianHF

London, United Kingdom

B

bwitt

Berkeley, United States

G

guggl

Vienna, Austria

M

mrjamesg

London, United Kingdom

G

GanSatya

United States

sderickson

Berkeley, CA, United States

J

janakan

Hong Kong, Hong Kong

pvilliger

Zurich, Switzerland

R

randall

Ogden, United States

H

HoseB

San Francisco, United States

Matching Fund

Sterling, United States

M

microlender

United States

cc5alive

Los Angeles, United States

R

Rootdet

Fairfax, United States

ColinHicks

Chichester, United Kingdom

L

lenders

United States

S

spivurno

United States

M

meric

Australia

Paul Buchheit

Mountain View, United States

Pankratio

EastVan, Canada

M

MaggieYG

United States

P

PDNS1401

United States

A

ajayhk

San Jose, United States

Agerfar

Aarhus, Denmark

A

AlphaAres

Azerbaijan

D

DStateDDB

United States

Grant Xavier Storer

Seattle, Wa, United States

J

jdelaporte

United States

M

Maggie

Australia

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