Name
Robert
Member since
January 2015
On-time repayments
78 installments • 64%
I am a 30 year old father of one.I was born in a family of three as the first born.Born in the countryside i went to a public primary school and performed very well where i secured a place in a provincial secondary school.I had a dream to be a businessman but due to lack of school fees i almost lost my dream.
I transferred my admission to a day school so that i could raise my fee from my parents farm, where we grew vegetables and sold to neighbors.With the processed i could support my self for food and transport.After finishing my high school i proceeded to college where i did a diploma in business management so that when i save up i could be able to run a business successfully.
I have a small second hand clothing shop in gikomba market.I buy half a bale per week and business is good.I am planning to start a rabbit farm along side because i have been getting orders and many people are looking for rabbit meat.So far i have saved up some proceeds from my current business and i have bought the material for the construction.The typical costs for these will be to buy the kittens , food and the roofing material.
I love farming and playing football as a hobby.I plan to use the profits to pay back to loan, expand the business and buy better varieties of rabbits which will also need some investment into research.
The loan will help me to increase the stock of brand new t-shirts which i started last week.As i stated in my comments i had a set back from fire in which i lost a number of my stock in gikomba market,so i decided to invest some money in brand new t-shirts in eastleigh market,which is much safer in awake of such tragedies.The market for new clothe is good and i will be buying my stock from the same market,so it will be economical in time management.I plan to add 70 t-shirts from 30 which I have .35 t-shirts will be for kids and 35 for men.The cost of 70 t-shirts is $145 .$35 will be for buying timber and nails to make a table for putting my t-shits on display and $20will be for labour for the carpenter.Total cost will be around $200.This will help me to increase my profits because new clothes now days are marketable than second hand,i will have to employee one person,so economically it will create job.I expect a profit of $12 to$15per day and even up to $25 during weekends.I will be glad to walk with you in this business.Thank you in advance.
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Project Type
Classic Loan
Disbursed amount
$197.00
Date disbursed
Jul 14, 2015
Repayment status
On Time
Projected term
5 months
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