Stock addition

Vollins Muli

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Vollins Muli

Location

Nairobi, Kenya

On-time repayments

2 weekly installments  •  100%

About Me

hello , My name is Collins Mutinda Muli from Kenya, am 29 years turning 30 in a few months , I've been brought up in different towns in my country because my dad used to work in Kenya Railways and transfers are rampant there.
I've come from a humble background where my mum used to sell vegetables because my dad was a drunkard and all the money he got used to go to the bar.
I've grown loving business and I always wondered how will I start my business ? where will I get the money to start my business? Besides , am also a musician over here and I always thought I would get money from music and eventually start my business , while music its self is a business , that already tell you that its so hard to crack the music business here .

My Business

Well I have a favourite Aunty who resides in Europe and I had this beautiful idea of how about you get second hand stuffs from there and we could actually sell them over here , she brought her first container and we made Loses , ooh my , then I thought to my self is business that hard?
we managed to pick our selves up and she brought another consignment that found us prepared and we made a bit of some profit , by the time the third container is coming I had gathered my own customers and could sell stuff to them making a good margin of profit plus commission. And that's when the business started making sense to me , we broke out with my cousin and started another branch where we could direct our customers n not interfere with Aunty .
As we speak I have a couple of stock , not so much but can pay bills here and there , and my dream is to one day bring my own consignment from abroad .

Loan Proposal

planning to add up my stock , I deal with ex Europe home appliances , and there is this good set of chairs I want to buy , goes for 16000 and am support to sell it at 30000 .

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$78.00

Date disbursed

Mar 1, 2019

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $3.50

Credit risk payment: $14.03

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