More clothes for my business to satisfy the huge demand
Kibet Machuki
Eldoret, Kenya
100% repaid
Entrepreneur
Name
Kibet Machuki
Member since
September 2016
On-time repayments
203 installments • 35%
About Me
I was brought up in a Christian family in Nakuru,went through primary ,secondary and university level.I hold a Bachelor's Degree in Economics.
I went through various hurdles in life and later ventured into a small business using little capital.
I love my culture as it's the only culture that accepts any individual. Love playing football.
My Business
I have a business that deals with clothes for all genders and shoes for women. I get the clothes monthly from USA and some from Uganda and Tanzania then sell in Kenya. The items are in huge demand and I have lately been trying to increase my stock and luckily it's working out well and want to do more and more. I chose the business because of the less competition , profitability and also because of a potential market(Students from the nearby University and also the local communities).
Costs incurred is roughly Ksh.205500 and a gross profit of Ksh.420000 is realized.These profits have greatly improved thanks to Zidisha for boosting my stock and thus resulting to increased earnings. I use the profits to reinvest into the business by increasing stock and also paying my siblings school fees.
Loan Proposal
I currently have a business dealing with clothes for all genders and shoes for women. My business is doing extremely well and my products are selling at an awesome rate. I am seeking more funds to add clothes(for all genders) to my business which are in huge demand. At the moment , i am not able to satisfy the huge demand for the clothes. This being a valentine month, many orders have been placed and this has increased the need to stock more clothes hence the urgent to restock my shop.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$443.00
Date disbursed
Feb 17, 2017
Repayment status
On Time
Projected term
61 months
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