Entrepreneur
Name
Peter
Member since
October 2017
On-time repayments
21 installments • 24%
About Me
Am Peter Maina Wang'ombe born to family of six yet the last born. I have 2 step dad away from my dad between my mum who is a market woman and my father whom died in 2006. Am born alone between mum and dad all others are step brothers and sister. I live in Kenya at a place called Meru Town. Am married to one wife my dear wife Lucy Wambui Maina and we are blessed with two kids Leviticus Kinyua and Diana Nkatha. I was employed in kenyan government parastal called uchumi supermarkets for 9 years whereas there gained customers services experience and marketing experience and resigned from the job to try out on my own business . am well varnished in marketing and sales. I sell most of my products via whatsup and facebook. my beautique shop of cloths is called rohosafi collections. raising capital to open of 800 dollars was among my biggest hardship but last year 2016 May i went to market and bought ladies trousers 30pieces at 30dollars each within the same day i sold 15pieces and got 90dollars yet and products for next day. i was moving from one town to another within 3 months i managed to raise 500 dollars which really kept me moving on with my business. the same on novemver 2016 i raised 900 dollars and went to uganda to buy more stocks. In my town people love buy new ready made cloths for kids and women mostly not men and this christmas season is one of the best times people here new clothes to wear on christmas day. my son is 3 years and my daughter is 9 months currently they can't tell waht they want to do when they grow up. my hobby is cooking so i started a home kitchen restrant whereby i cook food and my wife supplies to office people who are our customers yet making extra coin yet operating my cloths shop as from 9am to 6:30pm monday to saturday. i wake up at 4:00am to work so that i can manage all.
My Business
i sell ready made clothes for kids and ladies mostly. After spending 9 years at retail shop uchumi supermarkets, I saw that more customers were buying ready made clothes a lot and decide its was the best business for me yet with the experience and the customer service training I could manage greatly. I buy products at 30 dollars and sell at 75dollars according to type and size. After making profit I save for paying my expenses and buying more stocks at the end of the month. My business is based in Kenya at a place called Meru town,its 1 year and 9 months old. I started as a hawker selling clothes from one town to another till I managed to raise capital to rent a shop and go for stock worth 80 thousand Kenya money which is about 900 dollars and up to today I have been running its that way. I need 495 dollars to get more stocks and be able to sell more here hence its Christmas season and clothes really sell well when its Christmas. my business make about 45-65 a week according to business and time and day on market day business is good and on off pick a bit low. sometimes its makes 150 dollars a day when business is really good. my expenses a months are just rent and electricity which total's up to 65 dollars a month. I also sell online example a customer requested for me bo-tai. My business is called Rohosafi collections. I sell also via online via my page Rohosafi collections. dear lenders please fund my business and help take my business to the next level of wholesale.
Loan Proposal
i will buy ladies dresses going at 5 dollars each 24 pieces.
i will buy kids dresses each going at 6.5 dollars 12 pieces.
i will buy t-shirt for kids each at 3.5 dollars 6 pieces.
i will buy kids trousers each at 4 dollars each 6 pieces,
but i can more buy stocks according to the cash i will get.
i will be able to increase my stocks and profit and the clothes i sell will make my customers smart in looking and help me pay my landlord. my profit will increase upto 100% in sales from 70% due to new stocks yet once i get the new stocks i sms all my customers whom are about 220 ans tell them new arrival are here and post some at the shop facebook page also.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$147.00
Date disbursed
Dec 13, 2017
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
United States
United States
United Kingdom
Ask Peter a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.