Entrepreneur
Name
Joseph
Member since
February 2015
On-time repayments
252 installments • 34%
About Me
MY STORY
I come from Western Kenya a place called Ugenya and but currently I live and work in Eldoret Town. I have been in these Town for the last ten (15) years. I am a marriage man to one woman aged 42 years with five children (four girls and one boy). I have O level Education background also possess a Bachelors degree in Biblical Studies. I have been a Pastor for 10 years. Due to financial challenges and family responsibilities forces me do part time business of selling clothes to minimize financial constraint
My Business
About My Business
Besides Pastoring, I have been selling clothes to offices, shops and estates. I chose this business due to high demand by the people who have no time going to the market because of their working condition and various engagements. I also have a shop where I display clothes for sales. My business is always active and promising as the two business support each other.
The business does not face any risk as I select the best clothes from main market and stock them in my shop and sell others at mobile shop. My monthly cost of running the business is $ 90 while average Gross profit before the expenses is how I normally use profit approximately $ 70
The following is how I use profits from the business:-
10% I give tithes to church
50% Upkeep i.e. food and clothing
5% Savings
20% Payments of school fees
15% bills, rent and emergencies
Loan Proposal
Am planning to expand my bussiness and open education centre for nursery school children. Clothes will take 200$ rent and wages 100$ education centre 100$ structures and licence 120$ transportation 45$. It increase my stock and income. Others will benefit because I will employ more and adjust their salaries. The profit margin will as the school will produce some profit. Am expecting an increase of 80 percent.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$571.00
Date disbursed
Jul 6, 2016
Repayment status
On Time
Projected term
13 months
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