Grooming

Samuel

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Samuel

Member since

October 2015

On-time repayments

67 installments  •  25%

About Me

My name is Samuel Mwangi. Iam 22 years of age and i was in Muranga county, Kenya. I went to primary school at kambara primary school and later proceeded to Njumbi high school from 2007-2010. I later went to Maseno University after attaining an average of B+ grade. I completed my studies in Maseno university at August of 2015. I am now awaiting my graduation which will happen on December of this year. Since i was a child, i developing an industrious mind mind of being creative and bringing something unique to people in terms of fashion. I liked classic dressing which i used to see on my dad's photos dating back on 1970s. Being the last in the family, i had more priviledge to visit dad's work place in Mombasa and unbelievably spend most times around mannequins in clothing stores along . My father would let me select shoes to take back to my sisters at our rural so that they would go back to school neatly dress. By the age 8 years, i already knew some leading fashion designers at that time , foe instance the Fubu and Gucci. Due to financial constraints, i was unable to start my own fashion house. In 2013 and i opted to first finish my degree and embark on business vehemently.
Two years ago when campus i oversaw a market niche.Students would buy clothings and grooming items 30 kilometres away from school. They would incur alot expenses in order to "dress smartly". The best thing with region where i conduct my business is existence of market niche.It all started when i bought 20 pieces of perfumes to go and conduct a market research back at school and luckly they were all bought. Customers demanded more of them and i had to go for more. Then one time after lecture some classmates came after me asking me to show them where i bouhgt my trouser and a piece of shirt, i would later go and pick their preferences and sell at the.

My Business

I am now into Bitcoin trading. Mixed with phones and electronics and accessories. The business is booming and I want to add additional stock

Loan Proposal

My business involves selling of grooming products such as clothes, perfumes and fragrances and shoes to some extent.This business helps me to irk a living. I choose this business because i like doing it; i passionately like business. I am a proud business man.
The only hinderance to business is lack capital, the demand is very high and yet we i cant keep up with that pace due to high demand. If i get that loan, i would use it to meet customers demands by buying large bales of clothes which goes for 160US$, a smaller bale of clothes goes for 70US$. All these values are in exclusion of transport costs.Transport from Nairobi capital to maseno is 15US$ dollars. I use my profits to to pay school fess and uplifting my parents quality of life back at home.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$151.00

Date disbursed

Sep 18, 2016

Repayment status

On Time

Projected term

6 weeks

Lenders

A

Anonymous

United States

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