Philip

Kitengela, Kenya

100% repaid

Entrepreneur

Name

Philip

Member since

May 2013

On-time repayments

329 installments  •  47%

About Me

I am a Kenyan born citizen, married and residing in kajiado county,kitengela area.
currently am a sales representative at a local bank on contract bases.iam a qualified Certified Public Accountant of Kenya and within a short time i will be graduating with a Bachelor of Commerce from the University of Nairobi.
The reason is statred this business is to supplement my income and also am a result oriented,motivated,ambitious,hardworking and ready to work in a challenging business environment.
i will utilize the funds to increase my stock since my area has potential for business growth and has a ready market for my products.

My Business

I do sell Men smart and casual wears.
There is a ready market for the products since the area is an upcoming middle class suburb kilometers away from the capital city Nairobi.
I prefer this kind of business due to the fast moving products.
The area is vast wide surrounded by the all the major banks,cement factories and also host the headquarters of Export Processing Zone.
The business is profitable although the challenge is that it is on a small scale but worth doing and am taking one step at a time.
Profit and Loss Account
Revenue-Sales(trousers and shoes)
10 @ 700 +6 @1000= ksh 13000

less costs
10 @500 + 6 @ 700 = ksh 9200
miscellaneous = ksh 700

profit = ksh 3100

Loan Proposal

the purpose of the loan is to increase and develop my current stock and be able to venture in other markets,create other income generating activities,sell the business online on social media such as Facebook,twitter and others and keep records,increase my business profit margin,connect with other business selling the same merchandise.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jul 9, 2013

Repayment status

On Time

Projected term

4 months

Lenders

wallymountz

Fort Lauderdale, United States

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