New bale stock for my second hand clothes

Godfrey Nambwaya

Kakamega Joyland, Kenya

100% repaid

Entrepreneur

Name

Godfrey Nambwaya

Member since

May 2014

On-time repayments

253 installments  •  92%

About Me

I am a young Kenyan Male residing in Kakamega Town. I am a graduate of Egerton and Jomo kenyatta University and have worked as a banker for the last 9 years with Barclays bank of Kenya and later Equity bank. I have passion for business and i do engage in supplies of general office equipment and commercial poultry farming. I do also engage in the sale of second hand clothes on a small scale. I have learned to get determined in whatever income generating activity that i engage in and hence this has made me succeed in most cases.

My Business

I engage in commercial farming and freelance academic consultancy where i am an academic research assistant on various topics. This is my key economic activity that sustains my upkeep. Currently i have started the poultry farming and second hand clothes business and i wish to expand it to a level where i can manage my costs and expenses well while i retain profits. This is a promising business because i have done it for over nine months and i feel it has the greatest potential if i expand it. my current stock is about $4000 and i am seeking $960 so that i may boost my stock by adding 5 bales of ladies clothes so as to serve more customers. The first bale that i was funded here did well and now i have a bigger market. It enabled me to pay my loan well without any difficulty.. This is my second loan and i hope to add more because i have already created demand.

Loan Proposal

I hope to Buy a ladies Tops bale worth $120, currently from my business i can raise $70 so i just need additional amount to top up and get the full bale. This is a hot selling product and if i get it i am sure of making the timely weekly payments thus boosting my business. have a wide range of clients from the working class ladies who need office wear. I am sure that this is a good venture since very few people are able to meet the current market needs.

Feedback

4

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.12

Date disbursed

Jul 18, 2014

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Lender interest: $50.12 at 7.50% annual rate over 1 month = $0.36

Service fee: $0.17

Lenders

SeeMeeFi

Ontario, Canada

fairspirit

Utrecht, Netherlands

H

howard

Vence, France

Sarasota

Sarasota, Fl, United States

Genady

Münich, Germany

Matching Fund

Sterling, United States

Ask Godfrey a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...