Loan to buy stock for my business

Entrepreneur

About Me

My name is Bett kiptoo 28 years old. I was born in a family of 7 from Western part of kenya in a small town known as Kitale. I went to kapenguria High school where i completed my fouth form and passed very well. I was called to Join moi University eldoret but due to financial problems i did not because my parents were jobless.
I started selling second hand clothes to people in the society so that i can raise school fees and join the University. I was given small capital from friends where i decided to buy second hand clothes and started selling then at affordable prices to people in my community and started paying my school fees.
This Business has really supported my family members too by providing basic needs and shelter.

My Business

I sell sell second hand clothes to people in my community. my products are in demand because the are affordable to all people in the community. I chose to start this business because it is affordable and requires small capital to start. The profit i get from this business i pay school fees for my university degree, shelter and repay my Zidisha loan.
The cost of my Business is USD8000 the profits i get from this business i use it to pay fees for my higher education and provide basic needs for my parents who are jobless.

Loan Proposal

Given this loan i will use USD 500 to buy stock for my business.
Also USD200 to pay for rent to county government
and USD100 to pay for business permit.
this loan helps me to take care of my siblings and pay my school fees.
Given this loan, i expect my profit to increase by 50%. from ksh. 2000 to ksh. 2500

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Loan Info

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