Loan to fund t-shirt order for branding business

Erick

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Erick

Member since

March 2015

On-time repayments

54 installments  •  39%

About Me

I'm an upcoming businessman,married with a son. I have a dream of growing my businesses to great level of success with returns of over one million per month. With hard work and persistence I believe all things are possible.

My Business

My business is all about offering to the society exceptional services in the branding,advertising, printing and stationary supplies. Cutting a niche in the competitive industry. Its over a decade since we started and we are pressing on as we seek to build credibility with our esteemed clients. Lack of sufficient capital has not hindered us in realising our long term dream of becoming a household name in the branding industry. With the biological growth concept, we are making progress one step at a time. Your support will go along way to make our vision a reality. Shukran to your belief in us.

Loan Proposal

At the moment we are working on branding an upcoming business by supplying them with branded shirts. With the loan we will be able to purchase the necessary materials to tailor make the shirts and work on screen printing them. At the moment we have an order of 10 shirts, each will an average of Kshs 750( abtUSD 9 )to produce, we will be supplying them for Kshs 1,200/- ( abt USD 14).
With a successful supply of the same we are likely to get a bigger order of the same from the organization that is having close to 50 members. We also want to secure services of providing them with branded banners,fliers, business cards and other items they will require as they grow.
The current profit is about Kshs4500 (abt USD 52), once the business picks up we will see close to Kshs 225,000 (USD 2600) in the next eight months or so.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Apr 8, 2015

Repayment status

On Time

Projected term

2 months

Lenders

V

vidarlil

Sandefjord, Norway

F

Frank

Berlin, Germany

P

prodigyita

Eboli, Italy

Kodzhamanov

Stamboliiski, Bulgaria

S

sirius

Lauterach, Austria

B

blahblah

Nuernberg, Germany

beverly

Vancouver, Canada

CharlieBfl

Vaduz, Liechtenstein

J

jjonas

berlin, Germany

Cloudways

Malta, Malta

B

bugsheep

Houston, United States

countrygirl

Spring Green, United States

R

randy98109

Seattle, United States

Y

Yevrahs

Dallas, Texas, United States

J

jjoshua2

Hanover, United States

I

IanPate

Victoria, Canada

C

CloCkWeRX

Rosewater, Australia

andyt

Jersey City, United States

JC

Jordi Cohen

New York, NY, United States

A

Anette

Uppsala, Sweden

K

KnutG

Bergen, Norway

Z

Zimaxx

Graz, Austria

B

BassFamily

Tremonton, United States

R

Roger

United States

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  • Erick    Jun 8, 2023

    Thank you for funding my project. Your support will go along way to help me purchase the following items; feeding troughs,watering troughs, trays, hatchers and to expand the housing. This will help me to realise my annual goal of doubling my produce output as well as help me get professional advice on best rearing practices.
    Thank you for coming through at the hour of need and for making my project possible. Its my humble prayer to grow in my business venrure and assist others too.

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  • Erick    Jun 7, 2023

    Did a Presidents portrait supply project and it went well. It has enabled me start a poultry project that i'd like to see grow to the next level.

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  • Erick    Sep 17, 2022

    Thank you for funding my project. This will go along way in purchasing materials for my clients products. I'm making special frames for the presidential portraits.

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  • Erick    Nov 26, 2018

    My previous loan was used to buy and supply printed stationery to various high schools in the northern part of the country.
    Timely delivery ensured credibility with our clients. The profit made helped us increase our stocks and offset business bills during the slow business session in the country due to the political instability. We have been able to secure new markets as well and hope to deliver more value as we are experiencing some business growth.

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  • Erick    Apr 24, 2018

    Hi,very sorry for my silence. I've been abit unwell and things slowed down even business wise. Kindly expect me to resume my monthly payments this week. Thanks for your support.

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  • Erick    Mar 7, 2018

    Thanks for your patience. Business has been very low and has just started picking up. I desire to clear the outstanding loan soonest possible. For now I would like to commit to paying Kshs 1000 weekly.

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  • Erick    Nov 28, 2017

    Hallo people, I did receive my loan and it has greatly helped our business.
    Unfortunately due to the current political uncertainty,business has slumped low and most of our clients have been slow to pay and some yet to clear. My android phone also crushed and has limited my communication. Very sorry I fell behind with my loan payments. I working had to clear the outstanding loan by 2nd December.
    Once again thank you for your support and standing with us to make our dream a reality.

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  • Erick    Aug 25, 2017

    Hi, I did receive the applied loan of Kshs 6,786 and it went a long way to enable us supply our order on time.
    I appreciate the prompt response. I have been able to make my repayments well however for the last two weeks it has been rather difficult to meet my obligations due to low business as a result of the political uncertainty that we have been experiencing in our country.
    I am making every possible effort to meet my timeline of 1st September and by Gods grace I'm sure all will be well.
    Thanks once again.

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  • Erick    Jul 10, 2017

    Thank you. I will be able to purchase items for the placed orders. This will enable us make timely deliveries to our clients.

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  • Erick    Apr 9, 2015

    Hey!!
    Thank you very much for the loan released. 4,524 KES was released into my account yesterday and I am very grateful.
    I will be able to purchase the necessary materials to deliver my order on time. I needed some basic printing materials urgently and now that has been sorted out.
    Will be posting photo of the final products soonest. Thank you so much and may the Lord bless you as I work on my repayment commitment soonest.

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