I will use the loan in my rice supply business. this business involves getting orders and supplying rice to clients
Evans
Nairobi, Githurai 44, Kenya
100% repaid
Entrepreneur
Name
Evans
Member since
January 2014
On-time repayments
170 installments • 64%
About Me
I am a young entrepreneur who has engaged in the business since i was in high school and business is my passion. I always loved doing business deals even at a tender age. Having been brought up by a single parent i always had to look for ways to survive in this harsh economic times. I was lucky to go to the university and acquired a degree in finance and economics.
While in university i did several businesses and finally settled for clothes sale which i got an upper hand since i got a reliable supplier who brought me very unique clothes and also got loyal customers who came again and again and also referred others as well.
Having been so passionate about business i always new that this was my line of profession even after graduating and that's what even today i do.
My Business
My business involves selling of both clothes and shoes. Most of my products are imports from china turkey UK and USA as well as Dubai. I have been in this business now for the past 4 years and have been able to establish a reliable customer base.
In my line of work it entails selling new clothes and shoes. Advertising is part of this business and it has to be consistence. In this generation we taking the business to the customer where a customer orders for a product lets say a pair of shoes then we deliver to them to their convenient place.
The costs involved in this business includes paying or council fees, rent of shop, delivery services, payment of my two workers as well as electricity.
The main revenue is acquired after the clothes or shoes are sold.
This business is there to last and the reason i chose it that customers will always be there since clothing is a basic commodity and we cannot leave without it hence demand is always available.
Loan Proposal
I currently am running a rice business where I get pure pishori rice directly from mwea and supply it to clients within Nairobi and its environments. I have been in the business for about 1 year now and is looking to expand it more. This business currently gives me a profit of around 5000ksh monthly. with a limitation of capital I have I am looking for extra funds to expand my stock and be in a position to make more income with an increase in stock. this amount will ensure that I can at least hit more than 10,000ksh monthly thus paying up the loan and at the same time maintaining a growth in my business will be possible. Am looking forward to your support in this quest to expand my business. your support will be greatly appreciated.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Feb 27, 2014
Repayment status
On Time
Projected term
6 months
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