Working capital for my slim-fit suit clothing shop

Kipkoech

Embakasi, Kenya

100% repaid

Entrepreneur

Name

Kipkoech

Member since

May 2014

On-time repayments

164 installments  •  52%

About Me

My name is Muttai Kipkoech and I live in Embakasi, Nairobi. My hometown is Eldoret, Kenya. I am married with two children. My career course is Tours and Travel Management. I also have a passion for foreign languages and can speak French. Currently, I am the Managing Director of The Big Five Adventure Safaris. I worked as a Tour Consultant at a tour company in Nairobi for a year before I decided to start my own tour company. I have always believed that I could do much more self-employed rather than employed. This way I hope to eventually help others through employment opportunities! Someone once said; ‘You will never be rich working for someone else!’ Thus the reason I quit my job to start my own company and do business.

My Business

I am venturing into the business of clothing. My business, Tracque Suits, will specialize in men's fashion, particularly slim-fit suits. I have done a market research in my home-town Eldoret and realized that a few clothing shops specialize in men's slim-fit suits which are now fashionable and in demand as they are the preferred official dressing during functions like weddings. I therefore see a business opportunity in selling men's slim-fit suits and accessories since I will buy them at a wholesale price in Nairobi and sell them at retail price in Eldoret at a profit. The initial costs are the starting capital to buy the stock and pay rent. I intend to use the profits to reinvest and grow my clothing business.

Loan Proposal

I will use the loan to buy 10 pairs of men's slim-fit suits at around $20 each which I will then sell at $30 per pair making a profit of approximately $10 per pair. I will use the profits to restock the slim-fit suits and grow my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$251.00

Date disbursed

Jun 13, 2015

Repayment status

Late

Projected term

27 months

Lenders

D

Delph007

Den Haag, Netherlands

S

sendai

Saint Paul, United States

D

dkapplerb

Toronto, Canada

G

garrybuck

Oro Valley, United States

E

erozlum

Istanbul, Turkey

D

drjofleming

UK, United Kingdom

DeanDropshot

Oslo, Norway

F

Fiodal

Helsinki, Finland

Zidisha

Sterling, United States

H

HappythroughHelp

Torrance, United States

C

cjmenchaca

Austin, United States

B

blahblah

Nuernberg, Germany

HansLindgren

Uppsala, Sweden

beverly

Vancouver, Canada

CharlieBfl

Vaduz, Liechtenstein

J

jjonas

berlin, Germany

HE

help each other

Glasgow, United Kingdom

F

fisaire

Ithaca, United States

G

grahamfamily

Guildford, United Kingdom

T

tonilends

catalonia is not:, Spain

indeh

London, United Kingdom

N

nodogosi

Espoo, Finland

H

HildeK

Rogaland, Norway

B

bopsquod

Seattle, Wa, United States

kickerofelves

Sao Paulo, Brazil

Cloudways

Malta, Malta

T

the0bauman

Hillsboro, United States

B

bugsheep

Houston, United States

braccino

Settimo Milanese MI, Italy

vinnio

Burlingame California, United States

B

BClay

Campbell, United States

ads68

Melbourne, Australia

M

michaelangers

Toronto, Canada

basicus

Cairo, Egypt

panamaman

Philadelphia, United States

fairspirit

Utrecht, Netherlands

K

KnutG

Bergen, Norway

Muslim

Riyadh, Saudi Arabia

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

C

caz32

chertsey, United Kingdom

S

Serene

Philadelphia, United States

Zal0m0n

Atlantis!!!! x), Mauritania

B

Bokolo

Leeds, United Kingdom

M

mmisoo

Nova Dubnica, Slovakia

A

adamtj

toronto, Canada

S

seikatsu

Palo Alto, CA, United States

tonnyschonewille

Maastricht, Netherlands

xtrahardware

Cazenovia, United States

H

Haavard

Bergen, Norway

M

MarkKrakow

Joliet, United States

G

GanSatya

United States

D

dcb1987

Chicago, United States

sderickson

Berkeley, CA, United States

O

oonbug

United States

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

A

adildzhalilov

United States

ColinHicks

Chichester, United Kingdom

ScholaNatura

Czech Republic

R

richardavsmith

United Kingdom

L

lenders

United States

M

meric

Australia

D

dagjomar

Trondheim, Norway

M

MaggieYG

United States

A

ajayhk

San Jose, United States

Paola M

United States

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