Loan to buy cloth making materials

Stephen

Rongai, Kenya

100% repaid

Entrepreneur

Name

Stephen

Member since

November 2015

On-time repayments

56 installments  •  84%

About Me

Well i am a young man and a God fearing person,born and brought up in a rural set up.Sine i was young i was taken to school just like any other child during that time.While at Primary school i helped my parents to do domestics work like rearing cows and goats.Beside i was rearing my own Rabbits.
When i joined secondary school,i worked hard until i completed the secondary education.I realized that my parents were struggling doing ordinary jobs to educate me and my other siblings.My parents told me to wait for my younger brothers and sisters to complete up to secondary school education in order to find some money to take me to a technical college to pursue a skill.This could have taken me like 10 years.In stead, i was called by my uncle in Nairobi city to stay with him while helping him.My uncle is a tailor.Throughout my stay with my uncle i demonstrated patience and tolerance.He started showing me how to make clothes like dresses,trousers and shirts.The skill was easy to learn and i became a full tailor too.Unfortunately,my uncle passed away and i opted to continue with the tailoring job.As i speak now my job is well paying and now concentrating with making new clothes especially for the Christmas festivals.This is how i started my own business achieved an important goal in my life.What is unique in the area i stay is that community applauds hard work and culture of helping one another in the community. My children would like to get the very best education and necessary skills to be productive in life.My hobbies are usually vising the unfortunate in the society as well as the children homes.We from our church we visit children homes.
Thank you.

My Business

Thank you.Personally my business is in production.I make clothes,both new and repair the old.I offer services in repairing the old clothes that clients gives me.These services are very useful especially when it comes to School uniforms.many parents may opt to repair the torn and worn out children uniforms or they give me the option of making a new uniform.I choose this business because i like it and love my profession as a tailor besides giving me my daily bread.This is the only skill i have so i have to make the best out of it.Usually my typical costs are costs of buying new materials,electricity,rent,transport and maintenance of sewing machines.
However my profit is usually geared towards helping my parents back home paying my bills and reinvesting in the same business.
Thank you.

Loan Proposal

First,when i get my first loan,i will concentrate with buying children and ladies dress making materials for this festive season.I will buy soft sponge for children dresses at a cost of USD 24.00,i will also buy the ladies jean materials for trousers at a cost of USD 22.00.The remainder may cover for sewing threads costing USD 2.5.00 and others to cater for transport.
This will result to an increase in my profit especially this Christmas season when more new clothes are on demand.This will be an advantage to my parents who will be waiting for my help as well as my clients getting what they demand and attract more customers seeking the same services.
My profit will almost double from the current USD 50.00 per week to 80.00.
This will be a awesome!

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Nov 26, 2015

Repayment status

On Time

Projected term

6 months

Other loans

Lenders

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Roy

Espoo, Finland

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