30 weekly installments • 100%
My name is William, a husband and a father of 4 children. I live in Nairobi - the capital city of Kenya but originally from Makueni which is in the Eastern side of Kenya. Makueni is an arid area and I grew up in this harsh environment. I managed to clear my primary and secondary education in spite of many hurdles and finally settled with my relatives in Nairobi in search of a better live.
After I relocated to Nairobi, I enrolled in training institute where I learnt dressmaking and general tailoring. Upon graduation and with help of family members, I started my own business where I make clothes for both sexes and also repair work. I have been in this business for 12 years now and I am glad that it has given me and my family a daily bread.
I will use the money from this loan to buy fabric and other accessories such as zips, buttons, etc. that I use in my daily work. This loan will help me buy these items in bulk hence get some reasonable discount from my suppliers. This will in turn increase my profitability and contribute to my business growth.
In my country, Kenya business is almost back to normal and we are hoping that it remains that way going forward. I have a string of loyal clients whom I have worked for for many years and it is this group that I rely on even during difficult times. I am confident that I will cope with the repayment even in the hardest of times.
Feb 15, 2021
Cost to entrepreneur
Service fee: 5% of $63.87 = $3.19
Credit risk payment: $10.22