Materials for my tailor shop

Kennedy

Nairobi, Kenya

Funds disbursed

$0 to go

100% funded of $12 goal

0

days left

Entrepreneur

Name

Kennedy

Member since

September 2016

On-time repayments

12 installments  •  50%

About Me

Memories of my childhood being vivid now but i recall how my grandparents struggle to provide for me after both my parents died in tragic road accident. They never had much to offer but ill be forever thankful for the little they did that has made me who i am today. I managed ton finish my primary education but the high school fees were to much for my grandparents. So i had to drop out and then i started cultivating other people farm for a a price. I saved the little i got enrolled in a tailoring school after a year. After successful completion i started making and mending clothes from my grandparents place. Now i have a shop and business is as good as ever. From where i grew up if you don't fend for yourself no one will secure that future for you. I would like to see my children grow to be doctors, pilots and engineers. I love football. reading and the outdoors activities such as swimming.

My Business

I offer mending and making of clothes as described by my clients. So basically i deal with clothes. Theses goods are most important as no one wants to be seen walking naked along the streets. So am here to cover that body from the rest of the public by providing clothes. I chose this business because the products are in demand and essential for everyone. I spend at least 160usd on a monthly basis as i have to pay for the rent at my work place amounting to 70usd. I also pay my 2 employees on a weekly basis as they help speed up the work. I also use the money to pay for my house rent, the shop, food and reinvestment like buying a new sewing machine.

Loan Proposal

I will use the loan to buy materials for making the clothes i just got an order. I will use the whole ii dollars for just that. I will be able to satisfy my customers needs as well as mine. The business will increase by a reasonable amount in profits of say 40 dollars.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$12.00

Date disbursed

Nov 18, 2016

Repayment status

Late

Projected term

6 weeks

Other loans

Lenders

Mary

Germany

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  • David    Mar 29, 2017

    Kennedy is not responding to my communications

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  • Kennedy    Nov 16, 2016

    Will be using this loan to buy materials for making new clothes to a client. This will help me gain some profits on completion and be able to buy more materials for more clothes as well as be able to pay my loan. Thank you very much Mary.

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    • Mary    Nov 18, 2016

      I'm happy to help. Good luck with your project.

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  • Kennedy    Nov 15, 2016

    I will use this loan to buy more materials as i currently been given an order by one of my customers to actually make clothes for him and his family for the Christmas. So ill ill use the whole amount 11usd to actually buy the material and make them the clothes. This will ensure that i get more profits as he is to pay me almost five times the investment. I expect business to grow by not less than 100usd by the end of the month.

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  • Kennedy    Nov 15, 2016

    I used the previous loan to buy some working materials such as sewing needles, thread and some oil for the sewing machine. This has a brought a difference in my business as i have managed to make profits over the months without necessarily worrying about the material costs. My earnings have increased by quite a margin say 10usd over the past few weeks. I have used this earnings to buy more materials as i was given an order by a particular customer to make for him some clothes. Over the past few weeks i have had no problem feeding my family as business has been good and i haven't lacked any thread nor sewing needle or rent for my establishment. My neighborhood is quiet place and now that school have closed alot of children are back home hence more work as they also do come to sew there clothes especially girls.

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