Kipkoech

Flamingo Village/ Estate, Kenya

12% repaid

Entrepreneur

Name

Kipkoech

Member since

August 2013

On-time repayments

27 installments  •  4%

About Me

Am 20 years of age living in Nakuru Kenya after relocating from my home village in Kericho to do business here in town. Iam single and have started my business here in Nakuru last year after completing secondary school at a school called Litein Boys High School in Litein which by then i scored a Grade of C+. Because i had passion in business i ventured into boutique business which have gained a lot of customers and is expanding soo fast. I started this business of selling clothes and house curtains last year with only ksh 28000 as a start up capital and since then it has gained momentum and its size worth over ksh 65000 and i am very sure by the close of this calender year it will hit over ksh100000.

My Business

My business solely deals with boutique and supplying house curtains to surrounding customers here in Nakuru. I want to register to that this business has truly gained grounds and customers has increased which as a result a large market has been greater. Amidst high competition within the surrounding business people, i have tried my best to make sure that my business always remains at the top by addressing customers need in a friendly way. Every month i make about ksh 10000-15000 and after deducting all other expenses i make profit of 10000 shillings. This is an improvement from last year when i started i was only able to manage 6000 profit.

Loan Proposal

i once again thank you zidisha for allowing my membership with you. I will use the loan to expand my business by buying more stocks and also meet more customers. Once i receive i will make an istant order to my suppliers to supply me with more clothes for customers because at the moment i have ovewhelming orders from customers. It is my hope that you will consider me in funding my business and i promise to be in touch with you and repay this loan in time and in full. Thanks Zidisha and God bless.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Aug 21, 2013

Repayment status

Late

Projected term

27 months

Lenders

investor

Candiac, Canada

Silver

Steiermark, Austria

G D Export

Kolkata, India

russell

leicester, United Kingdom

F

FilemonInvest

Odense, Denmark

ButterfieldFamily

Heber City, United States

Paula

Heerlen, Netherlands

scgtb

Sarasota, United States

W

Walter01

Kingston, Canada

Ask Kipkoech a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Paula    Sep 3, 2014

    Hi Kipkoech, how are you and your business doing?

    Log in to reply • Share
  • Kipkoech    Oct 21, 2013

    Hi zidisha and all lenders. I am very sorry for delaying meeting the deadline in paying the loan. The reason behind this is the business has been so down. It was coupled with lack of a specific premise to do the job. The landlord whom i rented business premise from expelled me without a reason for doing that. For know i have lacked the specific place to do my business but i am hopeful by next month i will start afresh because i have got another good place to run this business. I seek your humble permission to allow me on the said month of Dec. It is my hope you will grant me this golden opportunity.

    Log in to reply • Share
  • Kipkoech    Aug 22, 2013

    hi zidisha i am soo greatful i have received my first loan and know i have already placed an order of new boutique in a bid of expanding my business. thanks alot and i will be in touch with you always.

    Log in to reply • Share


Loading...

Loading...

Loading...