Oppening a new branch shop for my clothes

John Garawa

Nyahururu, Kenya

Funds disbursed

$0 to go

100% funded of $319 goal

0

days left

Entrepreneur

Name

John Garawa

Member since

March 2014

On-time repayments

95 installments  •  7%

About Me

I am the third born in a family of seven with both parents , one brother and three sisters. I live in Nyahururu town. Nyahururu is in Laikipia County 100 kilometers from Nyeri town on your way to Nakuru town. I am a business man by occupation and I am an O level graduate at Kieni High School. I started a business because I had always dreamed of being a very prosperous business person in life. I buy and sell some items like footwear's, clothes, handbags for both men and women, I also sell school uniforms and bags and some other items that can be displayed in a boutique.

My Business

My business is a sole proprietorship that means it is a single partnership as I am the sole owner of the business. My goods and services are of high quality since I sell new items. Customers prefer to shop at my boutique because their preferences are met and I have variety of products affordable to any person. That raises the demand for my goods. My business is located at the town square and there is a wide range of market and that makes it much profitable. However the only risk that i encounter at my business is low demand for school items like uniforms because the are some kind of seasonal, their demand rises during the school re-openings. I manage to make a sale of kshs 60000 per month making it possible to cater for my monthly costs of kshs 25000 including house rent and electricity bill.

Loan Proposal

Thank you you zidisha for giving me this second chance to access a loan. When I get my loan I am going to open a new shop as a branch right here in Nyahururu. This will create a wide range for my market for my new clothes and shoes. To achieve this I need some help from lenders and that is around $300 in addition of what I have. And so I am humbly requesting my precious lenders to lend me the amount so that I can have the branch and with that am sure my profits will always be super normal and emerge a successful business man. Thank you very much.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$319.00

Date disbursed

Jun 20, 2014

Repayment status

Late

Projected term

20 months

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