Entrepreneur
Name
James
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
Positive
8
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$566.00
Date disbursed
Apr 23, 2015
Repayment status
On Time
Projected term
4 months
Lenders
Southampton, United Kingdom
UK, United Kingdom
Redmond, United States
London, United Kingdom
Saint Augustine, United States
Torrance, United States
Berkeley, United States
brooklyn, United States
Stockholm, Sweden
Glasgow, United Kingdom
Guildford, United Kingdom
Ipswich, United Kingdom
St-Lucien, Canada
Sydney, Australia
Seattle, United States
Toronto, Canada
Beijing, China
Shanghai, China
Darmstadt, Germany
New York, NY, United States
Tampin, Malaysia
Zwijnaarde, Belgium
San Jose, United States
United States
United States
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