Inventory of boys' and men's suits for clothing shop

Hassan Mutunga

Mazeras, Kenya

57% repaid

Entrepreneur

Name

Hassan Mutunga

Member since

October 2013

On-time repayments

57 installments  •  32%

About Me

I am always kind to people in need. I am also very social with all people and my interest is to make people happy by helping them through difficult times in their life. I also give courage to people to have goals on their lives.Most times I care to give guiding and counselling to people who have difficulties on how to start their own business after high school.This is because when parents fail to raise their college fees they get quite discouraged. Many people come to me with tough challenges and i give them the way forward and they succeed more than they expected.I love people making it in life.

My Business

After high school back in 2011, i had many challenges of a new life.But i had a way to go by. Because i had my goals since primary school to be a businessman, i started a small business of selling 5 basins, thermos flasks and a few 'sufurias'(aluminium cooking pots). This business which was not everywhere before at Mazeras.The profit i get from this small business i help my mum to feed my young brothers and sisters and pay school fees to my brothers.To get new stock i have to travel all the way from Mazeras to Mombasa.So i need the loan to buy more products for sale on every to reduce number of trips to town for stock every month.

Loan Proposal

after my first loan,many people requst me to put a stock of clothes, this is a bussines which is not much done at my area.people they have to travel for some killometers to get fitting and smart clothes they need.same applys to me because i do the same once i need smart clothes my family, on top of this i loose many customes of this stock. onow i need a new loan of $450 to put the most wantted stock.i will use $10 to buy sheet $10 tostock for boysuits,$10 mensuits $8 to stock sock and vest $4 tock for material and $3 to put women clothes.so it will be greatfull to get the loan because i will satisfy my customes with what they need.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$451.57

Date disbursed

Aug 11, 2014

Repayment status

Late

Projected term

12 months

Cost to entrepreneur

Lender interest: $451.57 at 7.32% annual rate over 12 months = $33.05

Service fee: $16.95

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