Entrepreneur
Name
Violet
Member since
February 2015
On-time repayments
20 installments • 100%
About Me
Am a third born in a family of four,and a graduate of kenyatta university.While growing up, I developed a passion for fashion and design but unfortunately i could not pursue it as a profession. From my savings as a sales agent in African Finance Business ,I was able to set up a clothing business in ruiru town. At the business we select and purchase 2 nd hand clothes from market in bulk and later reselling them at a profit.
My Business
As i previously mentioned,my business entails selecting,purchasing and reselling second hand clothes at a profit.Most of my clients are people who are unable to go to the market due to time constraits.As a result, my business helps in solving their clothing needs.I chose to venture into this business due to the passion i have for fashion and design.My typical costs includes a business premise rent of USD 71, USD 14 for transport,USD 85 for my employees salary.This leaves me with a net profit of USD 185.Currently i re-invest most of the profit into the business.
Loan Proposal
Currently my business has a clothes stock of USD 357.
My desire is to increase the business' stock as much as i can.
With this loan, i will increase my stock from USD 357 to USD 486.
This will further boost the earnings and the business' profitability.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 16, 2015
Repayment status
On Time
Projected term
4 months
Lenders
SOUTHBANK, Australia
United States
United Kingdom
Ask Violet a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.