Entrepreneur
Name
Francis
Member since
October 2010
On-time repayments
28 installments • 43%
About Me
NAME : FRANCIS MUNGAI NGINYA
DATE OF BIRTH : 24TH JULY 1979
NATIONALITY : KENYAN
MARITAL STATUS : MARRIED
CONTACT : MITI MINGI SEC SCHOOL
P.O. BOX. 14847 NAKURU
CELL PHONE : 0724 587580
LANGUAGE : ENGLISH & KISWAHILI
RELIGION : CHRISTIAN
ACADEMIC QUALIFICATION
I completed my Primary education in the 1994. I joined Miti Mingi Secondary School in the year 1995 and completed in the year 1998 with a Certificate.
In 1991 – 2001, I enrolled in college and did a Certificate in sales and Marketing.
My Business
have a tailoring shop that is the source of my daily bread. I manage to make new cloths and sell them, and at the same place sell ready made cloths as well as materials for making new ones.
In a day I make one new suit, some few repairs, selling materials and ready made cloths.
The cost of making a suit is 950. In a single suit I make profit of Ksh 275, Repairs is Ksh 75, Plain materials (vitenge) Ksh 300 and ready made cloths Ksh 150.
I my whole-sum Profit of a day, I accumulate Ksh 800. Out off Ksh 800, Ksh 300 we use it as my family expenses and we save the rest Ksh 500. Total profit of the month is Ksh 12,000 – Ksh 15,000. From the sum profit, we pay Ksh 1500 for house rent monthly. County Council Permit/License payment of Ksh 1620 annually. So in a month Ksh 135.
My room is large enough where I am intending to expand my business of selling more plain materials (Vitenge) as they are on high demand. If I will be in a position to get more funds from you, I hope, I will be able to purchase 15 material extra at a cost of Ksh 1100 each which will sum to Ksh 15,500 and after selling them in two weeks time I will have made a profit of Ksh 4,500, so in a month Ksh 9,000.
Loan Proposal
My room is large enough where I am intending to expand my business of selling more plain materials (Vitenge) as they are on high demand. If I will be in a position to get more funds from you, I hope, I will be able to purchase 15 material extra at a cost of Ksh 1100 each which will sum to Ksh 15,500 and after selling them in two weeks time I will have made a profit of Ksh 4,500, so in a month Ksh 9,000
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Loan Info
Project Type
Classic Loan
Disbursed amount
$260.00
Date disbursed
Dec 29, 2010
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
Sarasota// Phnom Penh, United States
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