Stock material to make readymade clothes for boutiques

Ambrose Otongo

Nairobi, Kenya

69% repaid

Entrepreneur

Name

Ambrose Otongo

Member since

January 2015

On-time repayments

170 installments  •  39%

About Me

I was born in the slums of Kibera Nairobi and growing up was practically a nightmare since most of the time there was no food for us,being in a family of 7 siblings and being the 6th born it was a hell of time but god willing i managed to be through with my primary and secondary education.after secondly i started doing casual jobs in the neighboring rich estates and within a year was able to save enough to buy a shewing machine which i started business with.my hobbies include traveling,reading and attending fashion events.

My Business

In my shop i offer the following services;repair torn clothing,prepare ready made for selling and supply to other shops.Clothing is an important and basic need to everyone ,using my creativity and techniques come up with thew latest and new fashion clothing that satisfy my customers. My cheap prices also acts as an advantage for attraction of customers.a sell a typical ready made suit at KES 3000 ($33),a female dress at KES 2000 ($22) and charge on repairs and other services at cheap prices.From my business i make a profit of about KES35,000 ($ 389).I use my profit to support my family members and purchase of basic equipment for my shop. my businesss has done miracles in my life.

Loan Proposal

I will use the loan to buy more material to produce more readymade clothes for supply to boutiques and sell in my shop if I am funded. This is due to increased demand of readymade clothes. one piece of material ranges between ($ 8-33)I will buy a stock of this materials together with other production materials in order to sell them which will increase my profit by at least30%. Hope my loan will be funded. Thanks in advance.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$195.65

Date disbursed

Mar 18, 2015

Repayment status

Late

Projected term

38 months

Cost to entrepreneur

Service fee: $7.77

Other loans

Lenders

B

bgalon

London, United Kingdom

Zidisha

Sterling, United States

sebastienrosa

Quebec, Canada

T

ToddK

Indianapolis, IN, USA, United States

G

glomardor

Leonardtown, United States

M

markusfitza

College Station, United States

A

aiban

Austin, United States

J

JG2012

Brooklyn, United States

S

Sabine

Courtenay, Canada

D

doinggood

Missoula, United States

M

mastodons

Chicago, United States

P

PaulHwang

Alexandria VA, United States

A

Austrian

Graz, Austria

J

jdwiebe

Winnipeg, Canada

birtom

Ettlingen, Germany

E

EnhanceLife

Heber City, United States

Matthew

New York, NY, United States

W

wogman

Evanston, United States

S

samuk

Nottingham, United Kingdom

S

samiT

Brussels, Belgium

I

Ilona

St Catharines, Canada

C

cczapp

Hilliard, United States

Levanticus

Epsom, United Kingdom

Jalene

Redmond, Oregon, United States

A

Aastra

Los Angeles, United States

J

JonMichael

Winnipeg, Canada

ATrain

Nashville, United States

W

Woodyrocks

London, United Kingdom

K

kjgeenszins

groningen, Netherlands

L

loistf

Madrid, Spain

karissa

District of Columbia, United States

danielytao

Boston, United States

RoryWitt

San Diego, United States

K

Katehar

Maple Valley, WA, United States

B

BobJames

Toulouse, France

K

Kaz12

Winnipeg, Canada

J

jwharding

Hamburg, Germany

ads68

Melbourne, Australia

T

TaiwanUSA

New york, United States

J

janharg

Garland, Tx, United States

T

Travelbear

Asheville, United States

E

eirccharrie

Cupertino, United States

T

ThomasGermany

Wuppertal, Germany

bryancain

Toluca Lake, United States

O

Oktober

North Kingstown, United States

H

hchsmicroloans

New York, United States

U

UmSaeed

Southfield, United States

B

Bokolo

Leeds, United Kingdom

mhooper1962

London, United Kingdom

mepster

San Francisco, Ca, United States

A

adamdreaming

United States

WH

Walter Hill

United States

M

Maggie

Australia

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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

Loading...

Loading...

Loading...