Denni's cloth line

Dennis

Kabete, Kenya

100% repaid

Entrepreneur

Name

Dennis

Member since

January 2015

On-time repayments

76 installments  •  41%

About Me

Am Dennis Jumba Yalwala i trace my roots from a small village in Vihiga county called Evojo , remembering my childhood life going to school without shoes and toned pair of shorts i hard to work hard in my education my parents and the family am from they believe in education so much keeping in mind i was from a family of seven siblings they made sure everybody went to school despite of poverty my siblings by then had different career passion but mine was business. when i joined campus my first year was very hard in terms of accommodation and pocket money these made me have the drive to generate my own income by then was doing bachelor of commerce had same knowledge of business and the understanding of business, these helped me a lot during my campus in terms of income for buying books,and more other basic needs .Apart from business i am a professional hockey player and i spend my free time in the hockey pitch playing hockey after my days hustle.

My Business

My business is not a service oriented it entails goods i deal mostly with clothes and shoes mutumba ones as it is commonly known in Kenya and i choose these business because in a campus life every body would want to wear that fancy cloth or shoes mostly the women, keeping in mind i was the hockey captain of i had the mass and the popularity of the students i decided to start something to generate income and cloth line was the fast thing in my mind by then. Mostly i love dealing with female clothes they tend to be cheaper and they sell fast so i can say my fast target group are girls and they tend to be convinced fast than the male counterparts. when i go for a new stock i spend averagely around five thousands that's if i buy girls a tire's alone and wont buy shoes but if i buy both male and female a tires it tends to be more and costly. but normally if i spend that five thousands the profits will be around two thousand five hundred or around three thousands after deducting transport and other minor requirements. The profits i get i use to buy food and pay my rent and reinvest.

Loan Proposal

When i get he loan, it will help me improve on my cloth line business in the following ways;,buying of female attires estimated at 35 dollars, buying of pair of shoes estimated at 30 dollars and buy of male attire estimated at the balance of 22 dollars. despite the few allocation of small portions in different sections of the business this small loan will help the business generate same of the following returns; improved stock, improved quality of products and also the returns will also help expand my business by increasing the number of customers keeping in mind that a satisfied customer will tell two- three other customers about his or her experience.
I would like to be supported because I can not afford single handedly to meet full financial requirements of the business due to the increased costs of living and the current economic times in the country.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$89.00

Date disbursed

Feb 6, 2015

Repayment status

On Time

Projected term

11 months

Lenders

cyrus0302

San Francisco, United States

Hope2012

United Kingdom

aarongabrielson

Heber City, United States

P

PeaceandLove

Morro Bay, United States

B

blahblah

Nuernberg, Germany

beverly

Vancouver, Canada

Cloudways

Malta, Malta

N

nanax005

SALEM, United States

ads68

Melbourne, Australia

C

caz32

chertsey, United Kingdom

jan73

Eugene, United States

O

osterqvist

Linköping, Sweden

L

Lagrange

United States

KM

Kirsty M

United Kingdom

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