Restocking january clothes for sale

Godfrey Nambwaya

Kakamega Joyland, Kenya

100% repaid

Entrepreneur

Name

Godfrey Nambwaya

Member since

May 2014

On-time repayments

253 installments  •  92%

About Me

I am a young Kenyan Male residing in Kakamega Town. I am a graduate of Egerton and Jomo kenyatta University and have worked as a banker for the last 9 years with Barclays bank of Kenya and later Equity bank. I have passion for business and i do engage in supplies of general office equipment and commercial poultry farming. I do also engage in the sale of second hand clothes on a small scale. I have learned to get determined in whatever income generating activity that i engage in and hence this has made me succeed in most cases.

My Business

I engage in commercial farming and freelance academic consultancy where i am an academic research assistant on various topics. This is my key economic activity that sustains my upkeep. Currently i have started the poultry farming and second hand clothes business and i wish to expand it to a level where i can manage my costs and expenses well while i retain profits. This is a promising business because i have done it for over nine months and i feel it has the greatest potential if i expand it. my current stock is about $4000 and i am seeking $960 so that i may boost my stock by adding 5 bales of ladies clothes so as to serve more customers. The first bale that i was funded here did well and now i have a bigger market. It enabled me to pay my loan well without any difficulty.. This is my second loan and i hope to add more because i have already created demand.

Loan Proposal

I used the second loan to buy more ladies blouse tops and i have created sold so many during this Christmas season. many more customers still come to check on my business. This has therefore created the need to add more so as to meet the demand. In the location that i am doing the business, the period beginning august till December is a boom period for sale of these ladies tops and this extends into late february. I believe that if get the $300, i will add more bales so that i can meet this demand and maintain the customer goodwill that i currently enjoy. I get one bale of clothes at a price of about $50 therefore if i add six more i will have more clothes to sell and might just need replenishing every two weeks. This will give me good time to keep repaying my loan , just the way i did with the first loan.

Feedback

4

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$270.42

Date disbursed

Jan 6, 2015

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Lender interest: $270.42 at 7.03% annual rate over 4 months = $7.57

Service fee: $3.99

Lenders

S

slevon

Hemsbach, Germany

carlos vendrell

Barcelona, Spain, Philippines

rwwilson75

mishawaka, United States

aarongabrielson

Heber City, United States

Raoul72

Naarden, Netherlands

E

evanglend

Arlington, United States

J

jdhowa2

Louisville, KY, United States

EmilAsker

Lomma, Sweden

B

bhalter

Eau Claire, United States

rasmus

Bern, Switzerland

Cloudways

Malta, Malta

ads68

Melbourne, Australia

Cricketca

San Jose, United States

F

Frenchie

Johannesburg, United Arab Emirates

G

granite

Stanford, United States

stanbogdanov

Sofia, Bulgaria

T

thebonseung

Republic of Korea

P

payette

Ottawa, Canada

Paul Buchheit

Mountain View, United States

Mikers

Netherlands

Benjamin Charlton

Dubai, United Arab Emirates

AH

Alex Huxley

Ellesmere Port, United Kingdom

Ask Godfrey a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Godfrey Nambwaya    Nov 22, 2019

    i can pay this one at the moment

    Log in to reply • Share
  • Godfrey Nambwaya    Nov 20, 2019

    i have some income that can help reduce the loan balance

    Log in to reply • Share
  • Godfrey Nambwaya    Nov 16, 2019

    My business is currently not doing well. We are experiencing low sales and wish to reduce the repayment amount.

    Log in to reply • Share
  • Godfrey Nambwaya    Oct 5, 2019

    The business is not doing well, i need time to get back to the initial installment

    Log in to reply • Share
  • Godfrey Nambwaya    Sep 6, 2019

    no money

    Log in to reply • Share
  • Godfrey Nambwaya    Sep 6, 2019

    want to clear this thing

    Log in to reply • Share
  • Godfrey Nambwaya    Sep 6, 2019

    I am having problems with my business. Low sales due to a slow down in the economy so i cannot manage the initial installment.

    Log in to reply • Share
  • Godfrey Nambwaya    Jul 30, 2019

    I am still having low business sales and wish to lower my installment so that it does not affect my business capital.

    Log in to reply • Share
  • Godfrey Nambwaya    Jun 24, 2019

    I am having low sales and wish to pay thus to enable me service the loan with ease

    Log in to reply • Share
  • Godfrey Nambwaya    May 28, 2019

    my business is experiencing low sales and i wish to reduce the repayment amount so that i do not fail to do the weekly payments

    Log in to reply • Share
  • Godfrey Nambwaya    Apr 16, 2019

    i am experiencing low business volumes, low sales and this is making it difficult to raise that money

    Log in to reply • Share
  • Godfrey Nambwaya    Mar 4, 2019

    My business is still not doing well and i hope it will improve then i pay higher amounts

    Log in to reply • Share
  • Godfrey Nambwaya    Jan 23, 2019

    I am having low sales for my clothes, very few customers at the moment so i am not able to pay that full installement comfortably

    Log in to reply • Share
  • Godfrey Nambwaya    Jan 11, 2019

    Business sales are very low at the moment and it has affected my income so i wish to reduce the repayment amount until it stabilizes

    Log in to reply • Share
  • Godfrey Nambwaya    Nov 27, 2018

    My business is very low on volumes and would wish to reduce the amount for now.

    Log in to reply • Share
  • Godfrey Nambwaya    Oct 8, 2018

    business is not picking u well at the moment and i dont want to be late in repayments

    Log in to reply • Share
  • Godfrey Nambwaya    Sep 11, 2018

    I havent received my full stock and so the sales have dropped, i will increase the amount once the business pick up

    Log in to reply • Share
  • Godfrey Nambwaya    Sep 10, 2018

    Thank you for funding my loan, i received the money and will use it to buy more stock to boost my business.

    Log in to reply • Share
  • Godfrey Nambwaya    Aug 24, 2018

    Thank you lenders for funding my loan. I am happy that i will buy more stock for my clothing business, i hope to pay weekly from my clothing sales profits and ensure that the loan is paid on time. Thank you very much for your continued support.

    Log in to reply • Share
  • Godfrey Nambwaya    Aug 24, 2018

    The loan i just completed had some boost to my business though i never got full funding but i appreciate for it helped me cover my expenses. I am always ready and willing to service my loans in time and make sure that i pay without fail.

    Log in to reply • Share


Loading...

Loading...

Loading...