Entrepreneur
Name
Lameck
Member since
August 2013
On-time repayments
168 installments • 11%
About Me
I am single , a Christian and I attend Solid The Rock Fellowship in Nakuru. I was born in Nyamira county in Nyanza province.I attended my primary school at Rianyaemo primary school and later joined St. Gonzaga Gonza secondary school.later I went to to Rift Valley Institute of Science and Technology where I did my Diploma in Accountancy and shortly after my college (studies) I decided to enter into business of which am currently operating in Nakuru town.I live at Kenlands which is nearly a kilometer from Nakuru town.Being a sole proprietor of my business I have managed to support my two sisters in college and a brother in high school.Apart from that I do Agricultural farming in Molo where I only grow Irish potatoes which get their ready market in Nakuru town
My Business
I own a Boutique Business which I operate within Nakuru town at Highway Towers 2nd floor behind Uchumi Center
I have been operating my business for the past three years which I started late 2010 to present .I decided to sell these kind of products because of the great desire I had in the business after identifying the business idea which was greatly influenced by a high demand of the products by University students within that environment
I sell the following products to my clients who are only men;-Leather Jackets, trousers both jeans and material, shirts and T.shirts of all kinds, suits, ties and other minor clothes which are only for men
For the last three years now I have attracted a quit good number of customers who prefer my business due to high quality products I always sell to them at reasonable prizes
I would wish to expand my business by increasing stock and I also need introduce female cloths to my business for gender balance which I consider will increase my sales volume by a big margin since their population is much higher than that of men. In order to cope up with the rising demand of the products I need more finances to inject to the business because currently I have inadequate finances for the expansion.
In a month I able to make sales revenue of approximately KES 65,000 and during peak season like January ,May and September intakes the sales rises to KES 75,000.my total expenditure in a month is approximately KES 45,000 inclusive of electricity bills, labour, security and purchases.
Loan Proposal
I would like to thank the Zidisha team for giving me the opportunity to better my financial position.This being the holiday season in Kenya, Most of my products are on high demand due to the availability of ready market provided by the high population of the youths who are on holiday. I will use the amount diligently to get the latest attires for the ladies who are the majority of my customers, This season will give me the opportunity to increase my turnover hence earnings
Feedback
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$99.00
Date disbursed
Aug 19, 2013
Repayment status
On Time
Projected term
10 months
Other loans
Lenders
Vancouver, Canada
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