Fredrick
Old Sokoni Area (county Council), Kenya
100% repaid
Name
Fredrick
Member since
July 2014
On-time repayments
24 installments • 88%
I am a young gentleman ,being the fifth born in a family of 6 children. I am a Kenyan resident of Naivasha town in Nakuru county,90km from Nairobi city.
I am a business man,dealing with second hand apparels as well as shoes.
Due to dense population growth that has been in Naivasha as a result flower farm located in the area, there has been a vast demand of second hand clothes due to their affordability as a result of low income earning.This has has inspired me to invest on the same and as a result i have been able to create more clientele and i end up making profits. I am self employed as opportunities for formal employment are limited and apparels provide a steady from of income that will sustain me.
I am a second hand apparel dealer, due to dense population growth that has been in Naivasha as a result flower farm located in the area, there has been a vast demand of second hand clothes due to their affordability as a result of their low income earning.This has has inspired me to invest on the same and as a result i have been able to create more clientele and i end up making profits i have plans to grow the business to increase the clientele.currently i do deal in ladys' tops, jeans and shoes.
My business location is behind the Laikipia university college (Naivasha Campus),thus affording me a steady stream of customers all throughout the year.
I am certain due to the particular items on offer and with a reference to my price point,customers will always be making purchases from my shop.
From the business i manage to meet my monthly expenses,both for the shop as well as my rented residence. Therefore any financial channeled into this investment will for sure yield more profits
Dear lenders, I thank you very much for having supported me with my first loan. It helped me very much in my business and I was able to repay it in time and I made some good profits out of it. With this new loan I wish to purchase ladies jackets and shirts for gents. I did some research and discovered there is demand for these wares. Of the total amount of $100 I will for ladies ware and $50 for gents shirts. I hope to be making profits within three months and I shall be able to service my loan accordingly with the income from my current business. I hope that I will be able to be supported again.Thank you.
Positive
4
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$149.00
Date disbursed
Sep 23, 2014
Repayment status
On Time
Projected term
4 months
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