Increase the size of my clothing shop

Henry

Kakamega, Kenya

26% repaid

Entrepreneur

Name

Henry

Member since

November 2016

On-time repayments

21 installments  •  43%

About Me

I grew up with my only 2 sisters in my grandmother's place.I was the first borne and I only learned upto class 3.I worked in one of the Indian foreighner's clothes shop for 5 good years and I was saving my income which I then used to open my own business.Almost everyone who is living near me are Luos.I have one child who likes playing with her friends and really need her to be a socialite when she finishes school.Ever since I was 5 yrs old,I have had so much passion in playing hockey

My Business

My shop contains clothes for both men and women.Luo like living luxurious lives and therefore clothes from my shop heve been very marketable.I discovered this business to be so much profitable when I was once an employee and that is why I went for it.There is usually a ceremony in my village atleast once in a week and I usually buy clothes at around $150 and then get a profit ranging from $90-$130 after selling them to the people who will be in the ceremony.I rented a house which I am using to run my business and therefore part of my profits I use to pay rent and the rest I send to my family

Loan Proposal

I increased the stock of clothes in my shop using the first loan disbursed and the business is now running very well hence i wish again to increase the size of the shop as it now appears to be very small. This might allow a monthly profit increase of around $80

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$12.00

Date disbursed

Feb 5, 2017

Repayment status

Late

Projected term

2 months

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