Entrepreneur
Name
Allan
Member since
February 2015
On-time repayments
32 installments • 9%
About Me
My name is Allan Ogeto I am 23 yrs of age.I am a Kenyan and I come from a place called kisii but I live in Nairobi.I have one sibling.I was raised by a single mother.since my childhood I saw my mum struggle jus to feed us or take us to school.I dropped out of school to help my mum take care of us.I used to to old jobs wch was very difficult to find and didn't give us much income.Our land is best known for producing the best bananas in the country and I started buying then at a cheaper price like 2$ to go and sell a little more like 5$ in order to save some money since we didn't even have a farm to cultivate because we were not well off.by saving little by little I got money to start selling clothes when I moved to Nairobi.I love working hard and also dancing. and I pray one day to save enough from my business to go study design and fashion because ad like to become a designer because my clients love the type of clothes I sell and my fashion sense.
My Business
In my business I sell both new and second hand clothes and they are of very high demand since my clients are mostly ladies and women and they love looking good and beautiful.Men also like my Khaki pants and T-shirts because they are durable and my fashion sense. I choose this business because I love fashion and also because where I am situated there are very few stalls for selling clothes.so I have a lot of clients.my costs are like 8000 KES a month and my revenue is up to 40000KES a month.Through the profits I get I send some to my mother upcountry and also save so I can add up and go to college and study design to become a designer and also expand my business.
Loan Proposal
From the loan I get I will use it to buy more clothes and fix my stock properly since I have lots of clients who love my sense of fashion in my clothes.i will use 60$ to purchase womens wear which are dresses,skirts and nice tops since most of my customers are women.then 40$ will go to buying mens wear that is trousers,khaki pants and tshirts.this will help my clients who don't want to go the long distance to the market to get the second hand clothes.I will bring it closer to them.I will sell at a double price and my profits are going to increase by 50%.This will expand my business and it will help me save enough to go to school of fashion and design.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 24, 2015
Repayment status
Late
Projected term
7 months
Lenders
Austin, United States
Fontvielle, Monaco, Yemen
Jake Gibson and Beverly Picardo
San Francisco, United States
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