Entrepreneur
Name
Ben
Member since
December 2014
On-time repayments
128 installments • 3%
About Me
I am 27 years of age,born and brought up in Rongo District ,Chamgiwadu Division Kamagambo location ,Kamreri sublocation in Migori County.I went through primary to secondary education afterwhich I undertook a diploma course in Mechanical plant.I am a resilient person who believes in patiency, handwork and prayers to overcome any obstacles that could come across my life.I came to start my own business of selling clothes due lack of job opportunities after losing my job due to economic recession.I live in an environment where people fancy good clothing wear and supportive towards entrepreneurial acts.My children would want to achieve the highest level of education to enable them change the society through the knowledge that they would be able to acquire.During my free time I do involve in reading spiritual and entrepreneurial books.
My Business
My business deals in selling of imported second hand T-shirts commonly reffered to as mutumba.In my neighborhood people fancy casual and smart clothing which has enable my business to thrive over the past period.I decided to choose this kind of business because I had passion for good clothing at the same time there is high and reliable demand for second hand clothe wear especially during festivities and weekends.I normally incurs purchase cost worth 225USD Dollars of which I do realize revenue of about 280USD Dollars .Part of profit received,I normally use to pay school fee for my children and for their sustenance.The remaining portion I normally re-invest into my business.
Loan Proposal
In
case of my credit application being considered I would use it in the
following manner;Purchasing T-shirts worth 65 dollars,I would use
10dollars to purchase clothe hangers to help in display of the
clothes.Since the size of my stall is squeeze I would use 13dollars.This
loan facility would enable me to increase my stock and as well enlarge
the size of my business which in return would enhance general
improvement in my family and business life.With this loan facility my
profit. margin would increase by 35 dollars but I hope this kind of
growth would be of great help to me and my business.THANK YOU AND BE
BLESSED
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 9, 2015
Repayment status
Late
Projected term
29 months
Lenders
Germany
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