Stocking clothes for december christmas sales

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

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

4

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$137.00

Date disbursed

Oct 29, 2014

Repayment status

On Time

Projected term

2 months

Lenders

stanbogdanov

Sofia, Bulgaria

T

thebonseung

Republic of Korea

Mikers

Netherlands

M

MigwiK

Brecht, Belgium

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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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