Expansion in stock that will increase sales and profit

Jacktone

Kombewa, Kenya

100% repaid

Entrepreneur

Name

Jacktone

Member since

January 2015

On-time repayments

30 installments  •  30%

About Me

I am jacktone asembo by name,last born in afamily of seven.i went to kandaria primary school and later joined Ramba high school where i sat my KCSE exams.my parents are peasant farmers and therefore we had a tough time growing up because there was no steady source of income in our family.currently i am a third year student at the University of Nairobi pursuing a Bsc in Bio-chemistry.it is at the university that i started my business that i could raise money for my fees and my upkeep.i love watching movies and football being an ardent fan of Manchester United.

My Business

when i joined university,i saw an opportunity to do business based on the fact that many youths there like to associate with the current fashion trends.my business entails buying second hand(mitumba) clothes and shoes.i also print t-shirts based on demand.i majorize on ladies' apparells since they buy more than my male counterparts.i therefore juggle my business between my studies with the help of a colleague who is my patner.i also supply others to some customers in Kisumu.currently i make aprofit of 8000-15000KES amonth.i use this income to pay for my fees and accomodation and plough the remaining back in to the business.

Loan Proposal

I have managed to get a more spacious stall and its situated in a junction like place.I happen to get many customer's but due to my small stalk ,mostly I don't have what they want.therefore I apply to be concidered for a loan of 9130 ksh so that I can increase my stalk,this will increase my sales and also boost my profits.
I intend to buy designer dresses-40 usd
designer skirts-30.usd
designer t-shirts 20usd

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Apr 8, 2015

Repayment status

On Time

Projected term

6 weeks

Other loans

Lenders

investor

Candiac, Canada

DeanDropshot

Oslo, Norway

MichaelDean

San Jose, United States

sebastienrosa

Quebec, Canada

T

ToddK

Indianapolis, IN, USA, United States

A

ashtanga99

Newport, United States

O

OneSummer

Muenster/Westphalia, Germany

Andreas1974

Fristad, Sweden

Jouni

Finland

ads68

Melbourne, Australia

mithril

Prague, Czech Republic

Matching Fund

Sterling, United States

E

electrolite

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Paul Buchheit

Mountain View, United States

K

Kber9156

North Parramatta, Australia

mepster

San Francisco, Ca, United States

A

AaltvM

Netherlands

A

adamdreaming

United States

Cathy

Melbourne, Australia

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