The intended purpose of this loan is to increase my stock and probably also introduce new stuff life shoes hence widenin...
Stephen
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Stephen
Member since
January 2014
On-time repayments
357 installments • 32%
About Me
Personally am a born again christian since 2002 and I fellowship at JCC parklands.Am married to one wife and very soon to become a father.Been married for 4yrs.Am a marketer and as a result of it I developed an urge to create multiple streams of income so as to leverage on my monthly income and through this I have had a good response from whatever I set out to indulge into.Am one fellow that many have described me as ago gettter because as long as I have the passion and zeal towards something I will not rest till I get it.
My Business
I developed an interest towards fashion long time ago and after high school I immediately went to Gikomba and I would buy ladies wear and after sell I would make good money.This went on until I discoverd other ways of getting new clothes locally without having to incur the cost of flying out and this time around I switched frrm doing ladies stuff to Mens clothes because I realised that was one unmaximized opportunity that many business guys had not utilised.I looked for orders first from friends,weddings and also from churches like where I worship I got the opportunity to be supplying uniform to the worship team and choir.This has created a demand that am planing to get a stall within CBD since I have been doing mobile.For example a designer shirt I purchase it from sh.1000 and end up reselling it at sh.1500.I can summarise by saying that on a monthly basis I have been in a position currently to atleast make sh.5000 profit having deducted all costs and am seeking a loan to get more stock I intend to begin selling designer shoes for men which cost upto sh.5000 a pair.
Loan Proposal
As mentioned earlier am in clothing industry but I do it in a unique manner and that is by looking for people that wants clothes for occasions or individuals.With the loan I plan to introduce new stuff like mens shoes,wallets and also belts that are genuine leather.I rely on a vast network of friends that are in this industry.Also with some upcoming weddings that I have been given the role to supply the fitting for men I intend to buy more stock so as to satisfy my clients without fail.Through this funding,I have an opportunity to expand my business and my network thus reaching out to more customers which in return this is a plus to me since I will be in frontline of creating employment.Currently am working with a sister in law of mine since am planing to diversify my network and reach out to ladies clothings,handbags in particular and then she distributes them since I know where to get them at a good price.If surpoted fully,I will make adiffrence in other peoples lives and also my family.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Feb 24, 2014
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
Southampton, United Kingdom
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