341 weekly installments • 88%
My names are Judith Nthenya. currently living in Kilifi baharini. Am thirty four years of age. I am the fifth born in a family of six siblings living with a single parent, my mother. We are three sisters and two brothers both my two sisters are married. My mother is not employed on a basic salary but she attends to her farm in order to make a living out of it. I cleared my primary education in kitooni primary school in Machakos County which is my ancestral home. After clearing my primary studies I joined tututha high school, after that I joined the Kenya institute of applied sciences to persue a diploma in applied science. I moved to Kilifi thereafter in order to find myself a job which I didn’t and decided to start my own business..
My business deals with selling second hand / lightly used clothes and news clothes. My business is situated in Kilifi which I can say is a strategic location for my business as many people from the area prefer both second hand clothes and new clothes depending on accassion . I have been in the business for the past five years, the clothes I sell earn me a profit of one hundrend shillings a piece. I started it with a capital of five thousand shillings, which has increased as my output has continuously expanded. I get my stock from the town center and neighboring country Tanzania. With your assistance I would increase my stock and also broaden my sales as I see great income in the coming future.
Thank you so much for this organization as it helps many. first I will use this loan to buy new brand clothes from my neighboring country Tanzania. In Tanzania the value of this clothes is not much compared to kenya our country. The prices in Tanzania normally differ with a big margin that one can make double profit when doing his or her sales. The other time when I bought the clothes in Tanzania I made a profit of one hundred percent compared to the other clothes that I normally bought them in my country. I will also use this money to market my bussines in the area especially the county government of Kilifi.
I will also make sure that the little money that remains I put up a kiosk where I will be selling my clothes at a specific place .
Apr 19, 2018
Cost to entrepreneur
Service fee: 5% of $860.13 = $38.66
Credit risk payment: $154.67