New bale stock for my second hand clothes
Godfrey
Kakamega Joyland, Kenya
100% repaid
Entrepreneur
Name
Godfrey
Member since
May 2014
On-time repayments
258 installments • 90%
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jul 18, 2014
Repayment status
On Time
Projected term
5 weeks
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