Name
Evans
Member since
January 2014
On-time repayments
170 installments • 64%
I am a young entrepreneur who has engaged in the business since i was in high school and business is my passion. I always loved doing business deals even at a tender age. Having been brought up by a single parent i always had to look for ways to survive in this harsh economic times. I was lucky to go to the university and acquired a degree in finance and economics.
While in university i did several businesses and finally settled for clothes sale which i got an upper hand since i got a reliable supplier who brought me very unique clothes and also got loyal customers who came again and again and also referred others as well.
Having been so passionate about business i always new that this was my line of profession even after graduating and that's what even today i do.
My business involves selling of both clothes and shoes. Most of my products are imports from china turkey UK and USA as well as Dubai. I have been in this business now for the past 4 years and have been able to establish a reliable customer base.
In my line of work it entails selling new clothes and shoes. Advertising is part of this business and it has to be consistence. In this generation we taking the business to the customer where a customer orders for a product lets say a pair of shoes then we deliver to them to their convenient place.
The costs involved in this business includes paying or council fees, rent of shop, delivery services, payment of my two workers as well as electricity.
The main revenue is acquired after the clothes or shoes are sold.
This business is there to last and the reason i chose it that customers will always be there since clothing is a basic commodity and we cannot leave without it hence demand is always available.
I wish to apply to get this loan to be able to finance my boutique business. I have been selling clothes, shoes and handbags online and have established quite a good crowd to my business. Am looking to have a central place that is a shop where clients can be able to find me. I usually get my supplies from abroad that is in Dubai, china turkey and other countries.
With this fiance am looking forward to be able to pay for a shop that already have sited which wil cost me $150 dollars including city council fees, $250 for stock, $50 will be for interior design and marketing.
your support in running this project will be of very much assistance to me to be able to run this business smoothly.
Having been in this business for some while am expecting with the shop in place I will at least make $300-$500 monthly as profit from the boutique and so I will be in a position to pay my loan in time without much difficulty.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$439.00
Date disbursed
Sep 16, 2014
Repayment status
On Time
Projected term
9 months
Other loans
Ask Evans a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.