Name
Philip Mbothu
Member since
May 2013
On-time repayments
329 installments • 47%
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.
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
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.
Positive
1
Neutral
None
Negative
None
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: $30.35
Other loans
Northville, United States
Philadelphia, United States
South Bend, United States
Mountain View, United States
Omaha, United States
[email protected], United States
Montreal, Canada
United States
Corona Del Mar, United States
United States
United States
United States
South Africa
United States
United Kingdom
United States
United States
Australia
Sweden
United Kingdom
United States
United States
Ask Philip a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...