Inventory of fabrics and accessories

William Mwendwa

Nairobi, Kenya

100% repaid

Entrepreneur

Name

William Mwendwa

Location

Nairobi, Kenya

On-time repayments

37 weekly installments  •  100%

About Me

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.

My Business

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.

Loan Proposal

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.

Thank you.

Income Source

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$63.87

Date disbursed

Feb 15, 2021

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $3.19

Credit risk payment: $10.22

Lenders

MarktheMormon

Sandy, Utah, United States

Donald Major

United States

Joost

Noord Brabant, Netherlands

J

Julia

United States

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