I will use the loan to market my business. i will create a website and make flyers that inform people that i sell sandal...
Prince
Nairobi, Kenya
2% repaid
Entrepreneur
Name
Prince
Member since
February 2014
On-time repayments
91 installments • 2%
About Me
my name is prince furaha. i am trained in flight operations and a self made enterprenuer. i have also just began commercial farming. have done my first planting of onions and water melons. i run one business. i sell Masai sandals, khangas and vikoys. i get them from malindi and mombasa and sell them within. i however want to reach the international markets soon.
i wish to use this platform to get funds to expand my project and create employment for youths.
with time if my business does well, i wish to open a shop in the city centre and stock it fully.
My Business
i run a business of selling masai sandals, khangas and vikoy which i get from malindi and mombasa and sell within nairobi.
there is demand for this goods as they are unique and items such as khangas and vikoys are used here at events such as blankets and wines and sandals are mainly weekend wear.
for every $100 spent as capital, i make profit of about $40-45.
i need more clients so if funded, i wish to use it to boost my marketing and send a few pieces to a neighboring country.
i have interested parties in zambia, rwanda and burundi.i intend to use the cash to make a website and to make fliers to distribute and also appear in classifieds to ensure i get known to a wide range of people. if funded, i shall repay the loan by 25% interest in 3 months.
Loan Proposal
I run a business of selling maasai sandals, khanga's and vikoy which i get from malindi and mombasa and sell within nairobi.
there is demand for this goods as they are unique and items such as khangas and vikoys are used here at events such as blankets and wines and sandals are mainly weekend wear.
for every $100 spent as capital, i make profit of about $40-45.
i need more clients so if funded, i wish to use it to boost my marketing and send a few pieces to a neighboring country.
i have interested parties in zambia, rwanda and burundi.i intend to use the cash to make a website and to make fliers to distribute and also appear in classifieds to ensure i get known to a wide range of people.
this will benefit me in that my clientele will increase.
if funded, i shall repay the loan by 25% interest in 3 months.
Feedback
Positive
None
Neutral
None
Negative
2
Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Feb 23, 2014
Repayment status
Late
Projected term
21 months
Lenders
WOLLONGONG, Australia
Republic of Korea
Ask Prince a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...