251 weekly installments • 90%
I am a kenyan young woman and i went to school upto form four from there i have done jobs with contracts that do not last for more than three months at a time with the wages from these i have set up a clothes business. Occassinally i deal in cerals business as well and this is so bacause i mostly buy this produce from Bunyala which is located within Busia county this reduces transport cost thereby maximizing my profit.A loan of $850 would go a long way to boost my businessess if it can be approved.When need be i turn to friends and family for soft loans i cant go to the banks as there rates are too much for me.
I mostly deal with ready made clothes which i buy from Uganda as Busia is located at the border of kenya and Uganda, and occasionally i deal in used clothes as well at times i find my stock wanting and that is what i intend to do with the loan money that is to stock my business.my occasinal business in cereals(rice) from Bunyala can only be conducted when the prices are favourably as my economies of scale is low such loans would enable me increase the economies of scale and the combined proceeds of this two businesses will enable me to pay the loan comfortably i currently need about $850.
Being engaged in clothes business that i mostly get in orders around the festive season i have received orders that currently amount to Kes 52,000 and given my current credit limit i intend to utilize the given amount if granted to complete on this order and with the expected ruturns i will be able to repay the loan comfortably.Thank you.
Dec 10, 2014
Cost to entrepreneur
Lender interest: $288.52 at 8.89% annual rate over 5 months = $11.13
Service fee: $6.27