New stock for my mutumba clothes business
Arnold
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Arnold
Member since
October 2016
On-time repayments
37 installments • 11%
About Me
i was born in apoor backgaround where my parents hustled day by day for our upkeep i am the second born in a family of seven siblings.i personally am afour four graduate;after graduating from my form four i entered in the street and started hustling hard .i would wake up early in the morning and go on mjengo job..i would help feed my family with a few coins i earned and saved the rest..what is saved from that time i used them to start the mutumba clothes business
My Business
i started my business almost one year ago .i choose this type of business because it cheap to start and the second hand clothes fetch a faster market expecially to the youths.with a typical cost of five thousand you can start your business,on a good day i can earn up to a profit of 1000-1500.the profit i get i reinvest some in the business and the rest i help the family members on the upkeep
Loan Proposal
i will go to gikomba and purchase mutumba clothes which one pieces varies from 20,40,60 depending on the quality of the piece.this will enable me earn a living as well as to pay tax to the country.it will also create market to those who bring the mutumba clothes in gikomba..it might increase my profit from 500 to1000 or 1500 on all days.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$6.00
Date disbursed
Nov 2, 2016
Repayment status
On Time
Projected term
6 weeks
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