Entrepreneur
Name
James
Member since
August 2013
On-time repayments
303 installments • 40%
About Me
i am James Muigai maina 24 years old. i come from a family of three,where i have 2 small brothers one in primary school and the other in high school. i am a certified public accountant of Kenya and currently i am pursuing my bachelors course online.i recently got a job in thika where by i work as an M-PESA attendant in thika town. due to the financial condition because my father recently was involved in an accident and lost his arm i have had the obligation of supporting my family. due to this factors i thought of a business venture of selling males shirts and female tops.
My Business
as i said earlier i came in to the business of selling female tops and male shirts, this i do it mostly in the evening during the rush hour where by i have been standing in thika town streets mainly near Gathimaini Chemist and also near Mac-vast hotel which are the major streets in Thika and have the most population during the rush hour. i decided to deal with female tops and male shirts mainly because of the nature of ladies being so much into impulse buying. i buy these clothes from Gikomba market where for example i buy a shirt at 100 shillings and then when i come to selling i do sell them at least at 200 shillings thereby making a profit of at least 100 shilling per cloth and due to my reliability i have been able to have some loyal customers and thus i am able to make sales each evening to about 6 people thus making a profit of at least 600 shillings which i use to assist my family and pay for my school fees.i also started a photocopy business which is also much profitable, although i have not yet been able to come up with a method of determining the profit per unit but so far it has reached the break even point.
Loan Proposal
Hi,
zidisha Lenders, I want take this time to thank you for the recommendable job you are doing.
I am very happy to post my third loan on this platform after a successful investment of my previous loan of 174.01$. The loan was very successful and very fruitful in my life. This loan I am requesting, am intending to
1. Invest 30 % in buying high heel shoes for ladies, as you might be aware we are entering into a rainy season after the dry spell. I want to buy these shoes early enough before their demand goes up
thus I will save by buying at lower cost.
2. I will use 40% to buy jumpers and heavy pullovers also in readiness for the rainy season. I will purchase these from the capital city where I can buy in bulk, fetching a good return on each product.
3. 20% of this loan will be used for paying up rent for my recently acquired stall and decorating it. The walls have faded, so I will paint it, and will also buy a big mirror in order to make it attractive and classy. This renovation will not damage my custom, as the work shall be done at the weekend.
4. 10% of the remaining loan will be used to facilitate my project and ensure that all shall go on as planned.
I have always maintained 100% repayment rate, kindly fund my project and make it a success.
God bless you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$342.00
Date disbursed
Oct 29, 2014
Repayment status
On Time
Projected term
5 months
Lenders
Germany
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