Entrepreneur
Name
Kimutai
Member since
January 2015
On-time repayments
6 installments • 0%
About Me
My name is Japheth Kimutai I am 25 year old I was born in uasin gishu county, turbo constituency kamagut location and leseru sab location. I studied at kamagut primary school and later joined kapsabet boys for my high school studies,I performed well and joined the university of eldoret to study business administration. During my study at the university I was inspired by a friend to start a business of my own, I had a capital of one thousand five hundred shillings only so I thought and saw it was nyc to start selling second hand cloths and unique in the area since many people sells new cloths.I love my business so much and my siblings too are inspired to own theirs too in future. My hobbies is playing basket ball, reading inspirational books and trying new ideas.
My Business
My business name is Da Prince holdings, it is a young business that is growing rapidly. The business is about selling second hand cloths known as 'mitumba' in Swahili, the business started about one and half years ago with a capital of about two thousand two hundred shillings, the business runs on a weekly stock which I buy them from a big market situated in eldoret town. Every Friday morning I wake up and go to the market which I select the best cloths at a cheaper price for example men's shirts, T-shirt, and some for ladies. After buying them I take them home for washing ironing before taking them to my customers and after three to four days the stock will be sold all of it at a double price which leaves me with more money to add my stock weekly and have some profit to sustain myself at the university. The business is moving on well that's why I am requesting for ur support in expanding my business bigger, I would like also to add some new stuff like shoes and trench coats since many of my customers are asking about them many times
Loan Proposal
I will add my stock and expand my business with the goods my customers asks most of the time for example trench coats and blasers this will enable maximum profit after the sell since the products I sell are of the latest fashion and of best quality. Also I will double my normal stock since it is still a small business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 9, 2015
Repayment status
Late
Projected term
6 weeks
Lenders
North Carolina, United States
Orlando, Florida, United States
Logan, United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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