Stocking clothes for december christmas sales

Godfrey Nambwaya

Kakamega Joyland, Kenya

100% repaid

Entrepreneur

Name

Godfrey Nambwaya

Member since

May 2014

On-time repayments

253 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

I am targeting the December Christmas festive season where sales for clothes rice. I wish to raise about $130 to enable me have good stock of at-least 2 bales of ladies tops. i have analyzed the market and i have seen a rise in the trend of buying.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$136.58

Date disbursed

Oct 29, 2014

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $136.58 at 6.97% annual rate over 2 months = $1.75

Service fee: $0.92

Lenders

stanbogdanov

Sofia, Bulgaria

T

thebonseung

Republic of Korea

Mikers

Netherlands

M

MigwiK

Brecht, Belgium

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