Inventory of new clothes for my fashion shop
Victor
Molo, Kenya
12% repaid
Entrepreneur
Name
Victor
Member since
December 2014
On-time repayments
113 installments • 8%
About Me
My name is Victor Abdalla a resident of Molo town in Nakuru. I am 32 years old and a second born in a family of five. I was born in Isiolo town where I grew up my my family. I later came to Nakuru town to study a diploma course in Sales and Marketing. During this time in college, I established a fashion shop- where I sell ready made clothes and men shoes. I have never had any other employment and currently planning to do business full time.
I am hardworking, honest and ambitious person and I spend my free time reading informative articles and watching sports
My Business
I am a business man doing business in Molo town in Nakuru County. I own and ran a fashion shop- where I sell ready made clothes and men shoes. I started in Nakuru town and later relocated here to minimize costs and maximize profits.
The business has been good and can pay my bills.
During this festive season, the demand for new clothes is high and thus I would like to replenish and expand my stock to meet the high demand.
Loan Proposal
To match the demand during this festive period and also expand my customer base , I would like to replenish my stock as well as introduce new products to my shop.
I therefore plan to use the $80 on new clothes and the remaining $20 on transport to and from Nairobi where I acquire new clothes on wholesale.
The increased stock will help me improve on sales and therefore profit which will go into other projects and repaying the loan in time.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 1, 2015
Repayment status
Late
Projected term
26 months
Lenders
Longview, United States
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