Purchase of material for clothing production

Jasper

Keroka, Kenya

20% repaid

Entrepreneur

Name

Jasper

Member since

August 2014

On-time repayments

30 installments  •  23%

About Me

I am Jasper Moseti a second born in a family of four.I finished my schooling in the year 2011.Life after school was difficult and i decided to start up a small business which could satisfy basic needs.Started my tailor shop with the help of my fathers support using his old shewing machine.At first i found work very difficult because it wasn't my child dream career, but now am satisfied because i have come to enjoy it and am satisfied with my income.My shop is located next to Keroka general Hospital on Keroka Kilgoris Highway.
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My Business

In my shop i offer the following services;repair torn clothing,prepare ready mades for selling and supply to other shops.Clothing is an important and basic need to everyone ,using my creativity and techniques come up with thew latest and new fashion clothing that satisfy my customers. My cheap prices also acts as an advantage for attraction of customers.a sell a typical ready made suit at 2500 Kshs,a female dress at 1500Kshs and charge on repairs and other services at cheap prices.From my business i make a profit of about 20,000Kshs.I use my profit to support my family members and purchase of basic equipment for my shop.I have also invested in poultry farming .

Loan Proposal

In order to make more profit I need to make more cloths and thus i need more cash to buy more material to make more ready made clothes for sale.if my loan is funded I woill use it to buy this material.this will increase my profit by atleat 14%.thanks and hope my loan will be funded.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$49.00

Date disbursed

Jan 26, 2015

Repayment status

Late

Projected term

5 months

Other loans

Lenders

H

hickorynut

Hickory, United States

G

guenter

Bremen, Germany

McJulio

New Jersey, United States

kalidanthepalidan

Denver, United States

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  • guenter    Jun 20, 2015

    Dear Jasper, bad to hear that. Do you have any news for us?

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  • Jasper    Mar 28, 2015

    my business was closed down. am finding other ways of paying.

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  • Jasper    Jan 23, 2015

    I am so sorry to my lenders for not being able to pay on time 100%.this was brought about due to some customers failing to pay me on time and braking their promises.My new resolution is not to sale on credit and customers must pay down payments before i make cloths for them.this time I have learnt,the loan really helped me and improved my life.Thank you.

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