Entrepreneur
Name
Stella
Member since
November 2016
On-time repayments
75 installments • 55%
About Me
I was brought up in a low income family, went to school upto O level but was unable to proceed to college due to lack of school fees. I started engaging with charity work/volunteer work in my local church where I gained some experience that brought the idea of business. I proposed the idea to my sister who lent me 10,000.00 to start with.
I have three children in school who have big ambitions. And I could like to nature their talents by working hard to pay their school fees.
My Business
I do selling of new clothes and mitumba clothes in Kapsabet market plus the surrounding centres.
I chose this business because it looked lucrative and fast moving
The major costs in this business are county taxes/taxes that we pay in a daily basis. On a good day I can make sales of between 6000 and 10,000.00 KES reflecting to a profit of between 1000 to 2000 KES.
I use my profits to pay house rent, daily upkeep for my family and school fees for my children.
Thank you
Loan Proposal
The funds that i will get i will use them to puchase one second hand clothes bale that costs USD180. I will add more dunds from my sales in order to get this bale to boost my business.
This month of December being a holiday month here is a very good month for clothes business in this region. I will try to get more new stock immediately after sales to multiply the money into more profits.
Regards
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Loan Info
Project Type
Classic Loan
Disbursed amount
$12.00
Date disbursed
Nov 16, 2016
Repayment status
On Time
Projected term
8 weeks
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