Entrepreneur
Name
Peter
Member since
September 2015
On-time repayments
176 installments • 11%
About Me
I am aged 20 years and i finished my A levels last year.My quest for education has had a lot of hurdles since my parents could not be able to raise my school fees.I then came up with an idea of growing and selling kales which was profitable and i was able to pay my fees and have some left as pocket money.After clearing high school i continued growing kales.The money i got i was able to start my clothing business.My business is based in a community where they are friendly and hospitable.When i have my own family my quest is that my children will get the best education in life.My hobby that i love the most is hiking in our area there are mountains which i use as my pastime.
My Business
My services is selling clothes to my community.In my community selling of clothes is of high demand so i make sure i have the latest fashion and the most unique.I chose these business because i saw that i could relate well with my customers and the demand keeps growing each day.I buy my clothes in bale and it costs me around14500KES ,after selling i make around 8000 as profit and from that i deduct 1000 for licence,1000 for my basic needs and the rest i save.T he profit i make i use it in restocking and also i am saving since i want to go back to school for higher education but i will use distance study in order to make sure my business grows.I also plan some of my profit i will help and boost my kale business which i plan to grow again.
Loan Proposal
When you lend me the money i plan to stock the latest trends and also bring new fashion.The bale that i plan to buy costs around 120 dollars.The loan will benefit me in so many ways since i will be able to fend myself and also save some money to help me in going back to school.I expect my profit margin to increase immensely since my business demand is so high and i will meet each customers requirements.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Oct 22, 2015
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
United States
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