Funds to add more stock to my clothing production shop

Luka

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Luka

Member since

December 2016

On-time repayments

26 installments  •  54%

About Me

I am Luka Chelot an ambitious and hardworking gentleman.I was born and raised in Trans Nzoia county in a Christian family. At the age of 25 i moved out of my home in search of self employment.I gathered little capital from my family members and went out to start my own business.
The unique thing about my culture is that people live in a nuclear family. My children would like to be a doctor and an engineer when they grow up.My hobby is reading about new trends in cloth production.

My Business

My business deals with making shoes,sandals,clothes knitting , motor bike and vehicle covers and other types of clothing wears. I started my business back in the year 2010.These are in high demands due to the fact that i reside near a University premises catering for youths who are love going with the new trends in clothing fashion.
I chose this type of business due to low start up capital.My monthly typical costs includes Rent of USD 30,Electric ity USD 2,Salaries and Wages USD 90,Raw materials USD 100.
My monthly revenue averages USD 440.I use this profits to pay my house rent ,my children's school fees and re-investing back into my business.

Loan Proposal

I am seeking funds to purchase raw materials for more clothing production to meet the overwhelming demand .This will enable customer satisfaction and also enable me boost my credit margins.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$11.00

Date disbursed

Dec 28, 2016

Repayment status

On Time

Projected term

2 months

Other loans

Lenders

MakeSense

-, St. Kitts and Nevis

PG

Paul Graham

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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