Sammy

Mtwapa, Kenya

Funds disbursed

$0 to go

100% funded of $100 goal

0

days left

Entrepreneur

Name

Sammy

Member since

November 2012

On-time repayments

12 installments  •  0%

About Me

am a gentleman aged 21 years old am single not married yet and i live with my family together that means father mother and brothers and sisters. am the 7th child from my parents,and we live in mtwpa near chiefs area next to dzalamkadze shoping centre. my education background is class eight this means i did not proceed on with secondary education due to the financial back ground.i started this business of selling mitumba clothes in order to meet my daily and future needs.as mu education starndard could not support me get a better job to meet my needs.i do assist my family by providing food donate something small small to younger brothers who are in school by paying school fees as my parents they have no jobs. i clothes myself and brothers medicine and the rest expand my business by increasing my stalk.

My Business

my business is Mitumba business this deals with buying and selling of used clothes at kongowea market place. the demand of these business is high because first there is so many peoples coming for different shopping at kongowea market mostly are the local peoples who live with ksh 500 per day or even less, so these peoples do like buying clothes at a very low or reasonable prices so with the mitumba business i sell more everyday and the demand is high because Mitumba clothes are more affordalbe to the local peoples who live with 500sh per day or less.my customers prefer to my goods because because before i buy my goods first i decide what to buy that will be of more attraction to the customers and that will have value for their money. second when they come to buy to me after buying then i do give them small thing like a sweet so as to make them coming more and more.this business is profitable because i buy just two bunch or even three of clothes and after two weeks they are all gone. so i buy them once and after a short period they are all gone and this is what gives me a profit.the risks its during rain season when its rains a lot the the acces that leads to the market get floaded with water and due to this the customer turns in a low number.my typical month costs 16,000ksh and my monthly revenue sales are 29,000ksh so i do remain with something reasonable to me as am not married then i have a good saving at the end of the month. i therefore can repay the loan that i may be given by zidish.

Loan Proposal

thank you very much for approving my loan am proud of you and may God bless you. with this loan am going to use this loan on the expansion on buying more clothes which includes new and used clothes and put them in my open air shop which is situated at kongowea market place. by adding more stock into my shop it will help boost my business by increasing more income and interest to me

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Apr 11, 2013

Repayment status

Late

Projected term

12 months

Lenders

N

nanning

Baltasound, United Kingdom

B

briansedz

Canton, Ohio, United States

russell

leicester, United Kingdom

Sundstroms

Falun, Sweden

MillerClark

London, United Kingdom

VALEK

Canberra, Australia

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