Buy a bicycle and an inventory of hawking items

Ian

Mombasa, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Ian

Member since

January 2015

On-time repayments

224 installments • 75%

About Me

My name is Ian Ndirangu, born in 1994 to a single mother. i still consider myself as a budding businessman but I hope to start competing with big boys in business very soon.

I have been attending business management courses where I have learned vital lessons about managing cash flow and keeping records. With your continued support, I hope to keep excelling in the field of business.

My Business

My business entails buying and selling small items like handkerchiefs and trinkets. I do this as a part-time business since I am still in college pursuing my an ICT course. I have been in this business for some time now and I have a good number of loyal clients who are my main source of business. Due to the limited time I have for the business, I do it from door to door and I also go to sell in areas where people gather in large numbers like restaurants (if the management is kind enough to allow it) and bus stations.

It is a tough business but I am glad that it brings food on the table, pays for education and even supports my family (my mother and sister ) in a small way. I make an average net profit of about $180 per month since I have few overheads,
With credit support, I know this amount can rise to a higher figure.

Loan Proposal

My business entails selling items like handkerchiefs, torches, toys etc where I take these items to the people instead of them coming to me. I have done this for quite some time and I can say with confidence that the future looks bright. I am now well know within the area where I operate and my clients even place orders for different items.

I would now like to expand my territory by buying a bicycle that will increase my mobility hence help me to cover more area. I would like to visit as many social gathering as possible and this I can easily do with a bicycle. This will cost me $150 and I will spend the balance to boost my inventory due to the anticipated business growth.