Trending fashion

Philip Mbothu

Kitengela, Kenya

100% repaid

Entrepreneur

Name

Philip Mbothu

Location

Kitengela, Kenya

On-time repayments

329 weekly 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

Thank for giving this opportunity once again to use zidisha platform.i want to increase my stock as wells as change the location of the business and postion it where there is alot of traffic.kindly find below the price list of the items am intending to purchase
sandals 30 [email protected] 250 7,500
men shoes 30 pairs @ 800 24,000
men trousers 14 pairs @ 500 7,000
am expecting to make 100% profit from the sales as there demand
2015 am expecting by business to change my personal life mentally,emotionally as well as pysically.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$432.65

Date disbursed

Jan 27, 2015

Repayment status

On Time

Projected term

22 months

Cost to entrepreneur

Lender interest: $432.65 at 4.05% annual rate over 22 months = $33.26

Service fee: $41.07

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