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
thank you very much zidisha for your continued support. i will use 25% of the money in the new kids shoes venture which i want to start-which from my workmates experience it earns 100% profit. 15% of the money i will use it to acquire city council license.
20% i will use it to purchase new female tops and male shirts. i will also use 20% of the money to pay up rental fee for my newly acquired stall. the remaining 10% i will use it to meet any other contingent expenses that will be incurred.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$174.00
Date disbursed
Jul 10, 2014
Repayment status
On Time
Projected term
3 months
Lenders
Hong Kong, Hong Kong
Republic of Korea
United States
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