Sales of clothes - in shop & mobile

Joseph Mwalo

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Joseph Mwalo

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$571.01

Date disbursed

Jul 6, 2016

Repayment status

On Time

Projected term

13 months

Cost to entrepreneur

Service fee: $24.72

Lenders

S

SueB1

Los Alamos, United States

Elijah

Hamilton, United States

Scott

Oregon, United States

A

anonymus

Moon, United States

G

graememoss

Amsterdam, Netherlands

mtnsailor

Harrisonburg, United States

G

GrandmaMae

Wausau, United States

JonB

London, United Kingdom

xtrahardware

Cazenovia, United States

T

thebonseung

Republic of Korea

M

Mullagh

United Kingdom

N

nycjen

United States

Bivouac

Hillsboro, United States

DavidHS

United Kingdom

Paul Buchheit

Mountain View, United States

N

nswanberg

United States

B

bugdaniel

Switzerland

G

Gavin

New Zealand

Buzzel

Frankfurt, Germany

Loungin

United States

Otto Barten

Amsterdam, Netherlands

D

ddm08

United States

C

cactusgirl

London, United Kingdom

C

Crainster

Chapel Hill, United States

Nigel Titley

Milton Keynes, United Kingdom

F

FFMInvest

Frankfurt Am Main, Germany

W

Wade

United States

Anonymous

United States

CNV

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PG

Paul Graham

United States

Hana

United Arab Emirates

NB

Nancy Biasca

United States

BS

Brad Syverson

United States

Sahara

Muskegon, United States

André Pinto

Brussels, Belgium

MG

Mike G

United States

I

Irene

Switzerland

DL

Dan Lawrence

United States

R

rzb

Germany

Rosario von Li

San Jose, Ca, United States

A

Andrei

United States

N

Nino

Switzerland

A

Adam

United Kingdom

AK

Achim Königs

Bonn, Germany

Eugen Stamm

Zurich, Switzerland

S

Sean

Phoenix AZ, United States

Cliff

United States

MK

Mic Ko

United Kingdom

AG

abel ghita

Bucharest, Romania, Italy

J

Jooles

Australia

D

Daniel

United States

MH

Meg Holland

United States

M

Mike

Netherlands

B

Bramlage

United States

MT

Marco Tietz

United States

WS

william smith

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Carlo Cruz

Cincinnati, OH, United States

AH

Alex Hodson

United States

Dan Michael

Oslo, Norway

Carlos Raphael Rocha

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L

LK

United States

Derek Haney

New Orleans, United States

M

michelle

United States

Y

YTSJ

London, United Kingdom

Max B

Saint Louis, United States

TW

Tyler Wood

United States

Philip Schueler

Newbridge, Ireland, Ireland

Charles Burgess

United States

JC

Justin cohan

United States

S

stevensau

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Mojoe

Atlanta, United States

philippelazaro

Eugene, Oregon, United States

EthicalHost

Toronto, Canada

KE

Karen Epolito

Syracuse, NY, United States

FJ

Flo Jo

United States

T

tonym

Australia

MF

Marissa Fiore

United States

DJ

David Jones

United Kingdom

V

Vidar

Oslo, Norway

S

Stephanie

Zurich, Switzerland

LK

Leslie Kelly

United States

I

isaac

United Kingdom

RC

Rudi Chen

United States

A

Ashley

United Kingdom

P

patrick

United States

B

Boris

Bern, Switzerland

Carla

United States

E

Erika

Ontario Canada, Canada

Derek Anderson

Yankton, United States

E

Elynne

United States

F

Febontekoe

Switzerland

JB

John Brown

United States

HPK

Switzerland, Switzerland

NM

Neil M

London, United Kingdom

TS

Tyler Shields

United States

K

Kenny

United States

SS

Steve Smith

Winchester, Ma, United States

KirstenAlana

Los Angeles, United States

C

Carlene

United States

GA

Giovanni and Yelena

New York, Ny, United States

JA

Jan Andresen

Hamburg, Germany

L

Linn

United Kingdom

O

Osman

Czech Republic

LZ

Li Zhang

United Kingdom

Sinan Taifour

Munich, Germany, Germany

SM

Sachet Marion

United States

K

KH

United Kingdom

E

Elle

New York, United States

JM

Jane Mattoon

United States

E

El

United States

VW

Vincent Widmer

Geneva, Switzerland

Ryan Keller

Hong Kong, Hong Kong

JG

Jonathan Giuffrida

Chicago, United States

J

jeananne

United States

MP

Matt Patton

United States

G

Gary

United States

J

Jon

United States

K

Katharina

Germany, Germany

J

jan

United States

cchhrriiss

Munich, Germany

Caitlin Campbell

Chicago, United States

LR

Laetitia Rocha

United Kingdom

J

jennie

Guatemala

Martin Kraus

Traiskirchen, Austria

Craig Newmark

United States

K

kamvien9

Australia

Benjamin Kniaz

Boston, United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

ES

Evan Simons

United States

R

Robert

Chicago, United States

JB

James Brooks

United Kingdom

JS

Jason Strauss

United States

Geoguillot

California, United States

Aditya

United States

JA

Joshua Axtell

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SM

Sue MacFarlane

United Kingdom

K

keithlaycock

United Kingdom

MC

Mike Collura

United States

NM

Nitya Marepally

San Ramon, CA, United States

SA

Sam Alan

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A

Ari

United Kingdom

VC

Victor Chong

United States

JM

Jacqui Munro

United Kingdom

HD

Hardik Desai

United Kingdom

JD

JASON DORSETT

United States

PW

Patrick White

Albuquerque, NM, United States

V

VJ

Canberra, Australia

LW

Lillie Wertz

United States

BP

Bill Piper

United States

AL

Ada L

Boston, MA, USA, United States

MP

mark ptak

United States

E

Ejvin

United States

PC

Peter Cordier

United States

MB

Mimi Botkin

United States

A

Anonymous

United States

A

Anonymous

United States

A

Anonymous

United States

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