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
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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
Newport, United States
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