Rent for new clothing stall & additional stock
Stephen
Nairobi, Kenya
31% repaid
Entrepreneur
Name
Stephen
Member since
March 2015
On-time repayments
316 installments • 67%
About Me
My name is Stephen and was born in Murang'a County and schooled in rural area till i finished my O-level in 2004.
In 2005 i came to Nairobi where my cousin was staying.We stayed with him for sometime before i looked for my own house and during one of those days i talked to one guy in the neighbourhood and introduced me to hawking of handbags.
After some months of hawking in the estates i decided to look for a small stall so that i could hang those bags there for easy display.
Right now am based in Roysambu where i have rented medium stall where i hang my stock in the morning and in the evening i remove them and carry them to a store nearby.
In our land every man beleives he must work hard to depend oneself.
My dream is that my children could have access to education upto A-level.
My biggest hobby is travveling and observing new areas for bussiness.
Am a member of Arsenal Kenya group which we hold charity events once in 3 months and doing community work around the country.
My Business
Dear Lenders my bussines involves buying and selling of handbags,schoolbags,laptop bags,slim bags,college bags,travveling bags,wallets and crutch bags.
The demand for the bags depends on the season,for schoolbags and college bags their demand is high when schools and colleges are about to open for a new term or semester.For travvelings bags demand is high during festive seasons.
For the others like handbags their demands depends on the time of the month.
Main reason for starting this kind of bussiness it was the first thing i did since i thought of practising bussines and so far so good.
During day to day running of this bussines i have to pay for rent,city council rates and storage for the goods.Revenue for the bussines comes from sales made during a certain duration.
The little profit i get from my bussines i save them with an investment group and adding of stock after all expenses.
I also joined a group of young people known as Appreciating our parents in which we visit one parent/guardian per month where we share our stories and as we leave we contribute something to be left at that home we have visited.
Loan Proposal
Am planning to shift my job to a more permanent stall structure with security and enough space.
I need $35 for rent and deposit for the stall and $15 for additional stock.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$520.00
Date disbursed
Jan 12, 2019
Repayment status
Late
Projected term
33 months
Lenders
Odense, Denmark
Germany
Mohnton, Pa, United States
United States
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United Kingdom
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United States
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Hong Kong
Australia
Washington DC, United States
United States
United States
Australia
Canada
Germany
Australia
Seattle, Washington, United States
United States
Switzerland
Halifax, Nova Scotia, Canada
United States
Hamburg, Germany
United States
United States
Germany
Hong Kong
Reading, United Kingdom
Franklin, TN, United States
Portugal
Denmark
Canada
Germany
United States
United Kingdom
United States
United Kingdom
Germany
United States
Sweden
Thailand
United Kingdom
United States
Germany
Belgium
United States
Atlanta, United States
United Kingdom
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