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
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$151.00
Date disbursed
Sep 18, 2016
Repayment status
On Time
Projected term
6 weeks
Ask Samuel a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.