Wilson
Chumani, Kenya
$0 to go
100% funded of $414 goal
0
days left
Entrepreneur
Name
Wilson
Member since
December 2012
On-time repayments
17 installments • 0%
About Me
My name is Wilson Ngombo Tinga,i was born in afamily of two.my father was Tinga Mwatata who was ateacher by profession but its unfortunate that he ran mad.my mother was Salame tinga who was a house wife.All my parents are dead by now and my sister also passed away.am living with my uncle and my cousins who took care of me as from class five in primary level upto i cleared my form four level of s tudy at Chumani secondary school in 2008.from then i started selling of second hand clothes upto date.this bussiness sustains my life as i long to join college.i have also managed to build a small house for my self out of the bussiness.In my marital status am still single as am still strugling to arrange for a better life putting in mind that am an orphan.i started my bussiness imediatel from school the year 2008 as i had alot of personal needs i i could not depend every thng on my uncle and cousins.the main use cof my earnings is my daily meal though i use part of it to plough back to the bussiness as save atleast 5% of my earnings.
My Business
my bussiness is located at chumani town where i sell second hand clothes.I buy the clothes in bulk from kogowea market .in mombasa and sell them at retail at chmani.i only deal with ladies clothes since most of the population in chumani are ladies and of the young age,despite of that ladies preffer my shop as i sell the clothes at relativel cheap price as opposed to my competitors.the bussiuness is profitable as i dont deal with perishable goods .i ensure i sell all myb products in time as i have reliable customers for my bissiness.the only risk i face is the problem asof bad debts from the customers who buy in credit.mymonthly income is ksh.20000,monthly costksh. 7000 and net income is ksh.13000.as i only deal with one line of produts and i feel like i have ample time i wanted to introduce some siewing machines in my premises to ensure that i serve also those with new clothes.most of my customers have requested that i introduce the same as they also need them and want to remain in shoping place.
Loan Proposal
when granted the opportunity to get Yiddish loan , i will use 70% of it i.e ksh 24500 to increase my stock.The stock will be increased in three areas;introduction of new clothes in my in my bossiness ,because most customers request for them .this will take ksh 13000.secondly increase the second hand stock ideal with.lastly introduce Kansas worth ks 5000 because most ladies in our community prefer them so i think its a business opportunity.There after i will use the 30% of the remaining amount to improve the working space because i operate from a shade which i have to remove my stock every other evening.this will enable me have my work floor smoothly and even attract more customers.MAY LENDERS PLEASE HELP ME.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$414.00
Date disbursed
Feb 14, 2013
Repayment status
Late
Projected term
18 months
Lenders
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