Add more diverse clothing & shoe collections to my boutique

Melvin Nasimiyu

Karafani Estate, Kitale, Kenya

7% repaid

Entrepreneur

Name

Melvin Nasimiyu

Member since

February 2015

On-time repayments

45 installments  •  16%

About Me

My name is Melvin born in Kitale. I am the third born in a family of five. I was born and raised by a single mother who has been instrumental in making sure that I get educated. . My mother was employed but later got retrenched from her job. This brought more hard times for us in getting school fees for our education. I managed to pass through primary school and later secondary school to which I managed to finish.
After high school I did a small course in marketing and finally landed a job as a sales lady. I have been working as a sales lady through different companies from the year 2010 to present.

My Business

I have a separate business apart from my active employment where I have a boutique where I deal with sale of different clothes ranging from male and female clothes. The business has been operation for the last one year. Clothes are the this we cannot do without and so the need to do this business was to provide clients with an opportunity to buy clothes as well as make money from the sale of it. I deal with New clothes which i buy from Wholesalers and sell as a retailer. I see growth based on how i started and the growth i am witnessing. I started it from my savings and some money which I had borrowed. This has seen the business grow to where I usually buy my stock on a weekly basis due to the demand that I get and also because most of the time when I am free I use that time to do direct sales to my friend and different homes. Which are easily accessible.

Loan Proposal

After the first loan. I feel i am growing bigger and better. With the shop that i have i intend to introduce more variety of Ladies Shoes and Trendy wear.
I also intend to add more diverse collection of mens wear, I feel this will increase my clientèle and hence boost my profit. according to my recordsmy sales have increased from a monthly sales of $320 to $445. with this growth i do believe that my next loan will take me to great heights.
The shop has grown with more stock and therefore i hope to grow to an even bigger shop. With such sales that i made in my last loan i know if i continue with this trend my business will grow to a whole new level.
The extra income has helped me to even enroll to a new course in college and so i t has helped me to develop academically.
I intend to spend all the loan i get on Ladies and Gents trendy wear
Hope you will consider me
Thank you

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$201.26

Date disbursed

May 12, 2015

Repayment status

Late

Projected term

8 months

Cost to entrepreneur

Service fee: $7.52

Other loans

Lenders

G

GalantnostS

Hong Kong, Hong Kong

Dunmail

United Kingdom

N

nsamberger

London, United Kingdom

S

stroll

Stockholm, Sweden

F

FHult

Stockholm, Sweden

Zidisha

Sterling, United States

O

OneSummer

Muenster/Westphalia, Germany

H

hanh352

Homosassa, United States

Andreas1974

Fristad, Sweden

E

erogers

Vancouver, Canada

fairspirit

Utrecht, Netherlands

ksherwin

West Lake Hills, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

A

Andrii

Kiev, Ukraine

D

Dutch_lender

Leiderdorp, Netherlands

E

E

Marin county, United States

P

Purplejeep

Moravia, United States

S

SanderBeckers

Brussel, Belgium

D

Dianatalk

Netherlands

Z

zvrk2014

Brookline, MA, United States

A

axienjii

Amsterdam, United Kingdom

M

mevans24

United States

P

plhughes

United States

F

FloridaCandle

United States

K

Kber9156

North Parramatta, Australia

M

Microfinance

United States

I

idris

United States

S

sarahb

United States

J

jocor

Germany

I

ident

Horsholm, Denmark

K

Kelly729

United States

Becky Thompson

Leeds, United Kingdom

M

monty

Australia

AA

Adam Atlas

Montreal, QC, Canada, Canada

Elias

Ulm, Germany

Cathy

Melbourne, Australia

Mouhamed

United States

Sam

Earth, United States

JD

Jeff DePree

United States

DS

Donna Sbisa

United States

JF

Jim fisher

United States

AE

Ashley Eyre

United States

P

pcd

Philippines

Ask Melvin a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...