Moses
Mombasa, Kenya
$0 to go
100% funded of $100 goal
0
days left
Entrepreneur
Name
Moses
Member since
September 2013
On-time repayments
40 installments • 0%
About Me
I am the first born in a family of four, raised by a single mother, i have been raised in a christian religious background with strong faith. I started my business after high school, i sell mens and womens clothes, i was hacking at first due to lack of enough capital, but i then moved to a rental place, where i do my day today business. I have been blessed to have a wife and son. I am the sole provider in my family so i need all the help i can get, that is why am requesting for this loan to help boost my my business.
My Business
My business is a clothing business, whereby i sell men, women and children clothes. I buy my merchandise locally and import from neighboring Tanzania. Thanks to God i have had success in my business but am always looking for ways to improve and expand and even the possibility of opening other shops with the same brand in different areas and towns. I pay rent not exceeding 10,000ksh every moth and my monthly costs are manageable and due to the growth of business am fully able to repay the Loan when granted for my business expansion. I sell very latest and fashionable clothes that's why am able top stand above the rest.
Loan Proposal
I will use the loan to buy merchandise for my business, that is clothes and accessories as to expand my business of selling men, ladies and children wear. When i get the loan it will be a boost to my business as i will be financially assisted in carrying out my business in a peaceful mind than i am right now as am a sole proprietor. I commit to pay 400 every month on the 29th until the loan is fully paid, after the maximum grace period of one month. i chose the 15% interest rate on the loan.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Oct 17, 2013
Repayment status
Late
Projected term
40 months
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