Loan to add new clothes & shoes for my clothing shop
Vincent
Ongata Rongai, Kenya
5% repaid
Entrepreneur
Name
Vincent
Member since
March 2016
On-time repayments
42 installments • 76%
About Me
Thank you for this far.
First I was born and brought up in a rural area where my parents were mere peasant and practiced mixed farming.
I am second born of a family of four. My parents have been struggling to bring us up with a lot of difficulties. We relied solely on farming to for food as my parent could do old jobs simply to keep us alive. School fees was a huge burden as for my parents as few of us managed to complete school. I managed to go through primary and secondary education but it was an uphill for my parents to afford a college fee for me.
I stayed at home for quite some time before going to my uncle's place in town. While in my uncle's home I use to help him with his job of sale of Second hand clothes and shoes. So I gained a lot of skills on how to sell clothes and shoes. With time my parents offered to lend me some little money and i started selling my own clothing. It was not easy as it was challenging when it rains and when it is extremely dusty in dry season. I later got some funds from a friend and moved to a stall where I keep high standard fashioned clothes and shoes. This is how I came to own a business.
What is unique about the place I live is that people appreciate efforts done by others through respect. I would like my children to be well educated and get skills to be business people.
My hobbies are helping the poor in the society through our church foundation as well as watching football.
Thank you.
My Business
Well, my business I purely sales of clothing products.
I sell clothes for Men and Women as well as children. These goods are always on high demand since i deal with sale of basic needs besides being the fashioned type that makes them even more on demand.
I decided to choose this business because I am experienced in it and I loved the business as it gives me my daily bread and pays for my bills.
My typical costs are the cost of buying different fashioned clothes for men, women and children. Also i incur cost of rent, electricity and transport.
My profit usually goes towards reinvesting and meeting the above cost of running my business. I also help my parents back home and the needy through our church.
Thank you.
Loan Proposal
Thank you.
I am happy and humbled to have been considered for an opportunity to be helped with funds to boost my business.
When I get the loan, I will just add more new Clothes and shoes for men, women and children as well as dust coats.
My first stock will be the Latest ladies dresses/skirts and shoes at a cost of $70.00 and $35 respectively.
Also in additional will be men Jeans and official shoes at $50.00 and $30.00 respectively.
I will buy more of the children/kid’s stuffs and clothes and assortment baby feeders, Diapers socks, Toys, shorts and dresses all at a cost of $55.00.
Most important will be fast moving new fashion inner wears for ladies at a cost of $45.00
I am now introducing various synthetic and human hair as well as beauty product such as oil, shampoo and chemicals; these will cost me $72.00
All these will add to my weekly earning that I am now targeting a profit of USD200.00 per week.
Having reached my previous target, I am surely geared toward hitting my new target.
I am very certain that this will be realized since my shop is located in a very busy avenue and with an excellent new fashion display for customers passing by.
It will be extremely good achievement for me and my business as well as my family.
As I have said I was able to start a family and I am happy father, meeting the needs of my new marriage life and my child.
My help to my parents back home with money to pay their bills and buy food has been tremendous, I managed to repay my first loan and finished the long awaited loan and now planned great things in my life. I visited two children homes with my community members in our location. Am very pleased to be with you Lenders and Zidisha organization.
Thank you everyone.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$375.00
Date disbursed
Sep 4, 2016
Repayment status
Late
Projected term
64 months
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