September clothes inventory boost

Godfrey

Kakamega Joyland, Kenya

100% repaid

Entrepreneur

Name

Godfrey

Member since

May 2014

On-time repayments

254 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

We are approaching the Christmas festive season. Here many people are planning to buy clothes that they wear during the december holidays. I therefore plan to spend this money on increase the stock in my shop so that i may meet the high demand that i always experience. I already have several inquiries from my loyal customers and i want to plan early for this.

Feedback

4

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$405.00

Date disbursed

Sep 28, 2016

Repayment status

On Time

Projected term

7 months

Lenders

T

Tmann

Los Angeles, United States

ErikN

Stockholm, Sweden

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

BB

Ben Bellows

United States

PG

Paul Graham

United States

Taylor

Memphis, United States

Thomas

Sweden, Sweden

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

A

Anonymous

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

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

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  • Godfrey    Mar 1, 2024

    I will buy merchandise for my cake accessories shop and this will help me to meet the needs of my customers hence having sufficient supply. Thank you very much to all my donors who have helped me to raise this amount.

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  • Peter    Feb 27, 2024

    Hi Godfrey All the best

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  • Godfrey    Feb 24, 2024

    My last project was fully funded and enabled me do the business well. I am very grateful.

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  • Godfrey    Nov 22, 2019

    i can pay this one at the moment

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  • Godfrey    Nov 20, 2019

    i have some income that can help reduce the loan balance

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  • Godfrey    Nov 16, 2019

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

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  • Godfrey    Oct 5, 2019

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

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  • Godfrey    Sep 6, 2019

    no money

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  • Godfrey    Sep 6, 2019

    want to clear this thing

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  • Godfrey    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.

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  • Godfrey    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.

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  • Godfrey    Jun 24, 2019

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

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  • Godfrey    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

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  • Godfrey    Apr 16, 2019

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

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  • Godfrey    Mar 4, 2019

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

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  • Godfrey    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

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  • Godfrey    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

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  • Godfrey    Nov 27, 2018

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

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  • Godfrey    Oct 8, 2018

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

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  • Godfrey    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

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