Help me buy one bale of second hand cloths(mitumba)
Daniel
Molo, Kenya
7% repaid
Entrepreneur
Name
Daniel
Member since
February 2015
On-time repayments
34 installments • 71%
About Me
My names are Daniel Owino.I am from a family of four and am the second born.I have had both my primary and secondary level in molo primary and secondary respectively.After high school i was not able to proceed further since both my parents are just a peasant farmers.So after school i started farming with my farther then after savings i started my own business of selling clothes both new and second hand.
My Business
In my shop i sell both second and new clothes to the locals.I also take my commodities to several market open market places.Due to good quality at reasonable prices am able to attract so many customers and am always on demand at all the time hence allowing me to get more profit.I choose this kind of business because it required less capital to start,no special education and also i realized i have good customer relation.Last but not least i started this business to earn a living and it's really supportive to both me and my family.
Loan Proposal
Thank you very much lenders for your kind support my last loan really helped me to improve my business standard.Now i come to you again to hep me buy a one bale of second hand cloths(mitumba) at $200.This is cheaper as compared to buying in smaller quantity.Also it will increase my profit by at least 30% because i will be selling to other small business people who will be going to resale hence serving large number of customers.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$192.00
Date disbursed
Jun 16, 2015
Repayment status
Late
Projected term
5 months
Other loans
Lenders
United States
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