Duvet and matching curtain set

Michael

Kitengela, Kenya

100% repaid

Entrepreneur

Name

Michael

Member since

November 2014

On-time repayments

221 installments  •  26%

About Me

I am the first born son in a family of three children, two sons and a middle daughter. I schooled and performed relatively well. My childhood was as natural as any other though we had hardships which was not uncommon. I lacked interest in education and decided to try my hand in education. My thinking at the time was that not everyone could get a chance to get to university so I opted to try my hand in business. I started out with a retail clothes shop in Nairobi town which relocated to its current location in Kitengela. I recently discovered a niche that is relatively untapped in the industry hence my immediate need to raise capital for the same. Kenya is a land of diversity and even though we are going through some tough times, we are culturally experienced. I have three children, two girls and a son. My first daughter wants to be a teacher, second born daughter wants to be a doctor and my 8 month old son... well he doesn't say much.

My Business

I buy materials and have them made into fancy curtains and window blinds. I recently discovered I could do duvet sets complete with matching curtains and its receiving very positive response. On average my business' monthly income is about sh 65,000.00. Out of this amount, I pay out expenses and net an income of about sh 25,000.00. With this new line of business, I hope to increase income by over 100% and net profit by over 80%.

Loan Proposal

I intend to gradually increase my inventory by buying part of the materials required. I already have samples and so I should be able to go out and sell the inventory that the loan shall provide.
The amount i have applied is way to little for good inventory purchase but I'm willing to start at that amount then grow to bigger amounts.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Dec 3, 2014

Repayment status

On Time

Projected term

3 months

Lenders

ElWal

Kirn, Germany

Zal0m0n

Atlantis!!!! x), Mauritania

E

elourenco

Porto, Portugal

Evan Lamos

Brussels, Belgium

T

thebonseung

Republic of Korea

P

Prometheus

Duisburg, Germany

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