Furniture and lighting for clothing boutique
Allan
Nairobi City, Kenya
100% repaid
Entrepreneur
Name
Allan
Member since
March 2014
On-time repayments
18 installments • 28%
About Me
Am 26years old, i live in nyayo embakasi in Nairobi Kenya. Iam the third born in a family of five 2 sisters and 2 brothers. Professionally am a certified accountant; i have always loved to be in control of my finances and time this is what led me to start my businesses contrary to looking for a job, am also a firm believer in working smart and hard this makes me to be in constant look out for any new creative ideas that can help better my businesses. During my free time i love to watch my local soccer team play and when indoors i love to paint nature it helps me relax better. whenever finances and time allow i love to take part in any community services available as its self fulfilling for me to know i have helped improve the lives of the unfortunate.
My Business
I Run two businesses a boutique that sells ladies clothes and an accounting firm that specializes in book keeping and auditing for small businesses. The boutique is more profitable but faces stiff competition thus one has to always be on the look out for any changes in fashion and prices. I buy the goods from turkey, china or Dubai, and sell in Kenya in wholesale. the shipment normally come via sea thus it takes approximately 3 weeks this means on average one can sell one shipment in three months. The profits varies with the costs and any other incentive you decide to offer to win more clients e.g free delivery but on average per shipment we get between 500-600usd.
The accounting firm looks more stable but with less returns. its major challenge is lack of enough capital to employ more human resource. Since iam the only employee i have to juggle between marketing and doing the job.On a good month it makes a profit of 170usd.
Loan Proposal
I plan to use the money to buy some furniture's and lighting for my boutique. This will help in display of stock to attract more customers and for beautification of the boutique. The customers will now have somewhere to relax as they wait for their goods or rather if he or she comes with a friend; the friend can relax somewhere. The lighting will help with view and beautification of the boutique. These will directly reflect n sales and thus more profits. i will be really grateful for nay help offered. THANK YOU.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 30, 2014
Repayment status
On Time
Projected term
2 months
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