Entrepreneur
Name
Justin
Member since
September 2014
On-time repayments
161 installments • 37%
About Me
I am the first born in a family of seven, an accountant at Bidii Investments, and a clothing business owner.
Growing up in a family of seven inspired me to work hard in order to help in supporting the family. As a child, I always dreamt of owning a business. Achieving this dream was not easy, but through personal savings I was able to set up a clothing business.
My hobbies include reading newspapers, magazines, and novels, and also socializing.
My Business
My business entails selling new clothes at retail prices after acquiring them in bulk from wholesalers. Even though over the years there has been influx of secondhand clothes in the market, many people still prefer buying new clothes.
I chose to venture into this business due to a gap which existed as a result of a lack of businesses similar to mine in the business locality.
My typical costs include:
rent -$67
employees wages- $78
transport cost- $56
water and electricity bill- $22
revenue-$222.2
Most of the profits the business generates are usually re-invested into the business.
Loan Proposal
With this loan i will increase my clothes stock from $670 to$679.
This will help in acquisition of new clothes currently fashionable.
This will further boost my profit margin by 9% to a tune of $242.1 from $222.2.
About Me
Am a first born in a family of seven, an accountant at Bidii investments and a clothing business owner.
Growing up in a family of seven inspired me to work hard in order to help in supporting the family.
As a child i always dreamt of owning a business, achieving this dream was not easy but through personal savings i was able to set up a clothing business.
My hobbies include reading newspapers, magazines , novels and also socializing.
My Business
My business entails selling new clothes at retail prices, after acquiring them in bulk from wholesalers.
Even though over the years there has been influx of second clothes in the market, many people still prefer buying new clothes.
I chose to venture into this business due to a gap which existed as a result of lack businesses similar to mine in the business locality.
My typical costs include: rent -$67
employees wages- $78
transport cost- $56
water and electricity bill- $22
revenue-$322.2
Most of the profits the business generates are usually re invested into the business.
Loan Proposal
With this loan i will increase my clothes stock from $670 to$679.
This will help in acquisition of new clothes currently fashionable.
This will further boost my profit margin by 9% to a tune of $242.1 from $222.2.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 11, 2015
Repayment status
On Time
Projected term
4 months
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