Entrepreneur
Name
Daniel
Member since
October 2013
On-time repayments
300 installments • 47%
About Me
I’m the last born in a family of six. I was born and raised in Nakuru, I even went to school there. I live near the Nakuru national park. I’ve been in the field of business ever since I came out of high school, but for the first two years after I had cleared high school in 2003 I was employed by my brother’s friend to work for him. After I had gathered enough capital to set up my own business I moved out of his place of work and I purchased my own stall and also I bought my own stock then I began my own business. And also at about the same time was when I moved out of my parents place and rented my own place and began buying household stuffs as the business was picking up.
At primary school I went to St. Theresa’s Primary school from 1992 to 1999 then in high school I went to Jomo Kenyatta High School which is in Bahati district but still in Nakuru County, I also have certificates in Information and Technology which I managed to pursue after I had set up my own business and I had employed someone who could take care of it while I was away attending classes.
I started my own business because there was no limit to my capability of growth, and also I have a dream of becoming one of the major suppliers of second hand clothing in my town. The business has helped me to buy household requirements and also to pay my college fee.
My Business
Dear lenders, i have a very promising business that i started and i am eager to boost it to earn maximum profit. i specialize in selling second hand clothes which i have become a major supplier in our region. What makes motivates me is the initiative i once had to start it when the competition was low, i have now maintained many customers who still show up at my mutumba shop to buy the clothes. the business gets even better since i have seen a trend where my customers come to by clothes as gifts for their customers. i look for unique type of clothes that attract those who buy from high class stores and the prices are the same. This has been my competitive advantage again others who are in the same industry. my business has started to pick this year and i have great plans for its expansion.it has motivated me since i feel i will be very successful soon. my business makes around $246 per month, earns an expense of around $123 ;therefore, i run a low risk business because the profit i earn is double the cost of operating the business. I know lenders are looking for someone who will not just receive their money and run away with it, i am committed to the goals of zidisha and i am sure i will repay the loan. all i am asking is a chance to prove that i will deliver my promise. Thank you in advance and thank you zidisha for giving me an opportunity to express my vision.
Loan Proposal
I will use the loan to add my stock( to buy more cloths). It will be of great advantage since i already have an existing stock already.
I will also use part of the loan to improve the outlook of my business premise so as to attract more customers to promote my business.
I will also use my loan to pay my license for the municipal council in order to facilitate the efficiency of my business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Dec 29, 2013
Repayment status
On Time
Projected term
6 weeks
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