Sale of ladies' clothes to university staff and students
Simon
Nairobi, Kenya
2% repaid
Entrepreneur
Name
Simon
Member since
February 2014
On-time repayments
300 installments • 64%
About Me
I am a 39 year old christian, BSc. I.T, talented and with a good will for life. Married to Mary and we have two children.
I have have now been promoted as the head of academics from a teaching assistant in a Nairobi based institution called Kenya Christian Industrial Training Institute.
I was born in Nakuru in a family of seven and I was brought in Nairobi where I live with my wife and daughter to date. I have been doing poultry business and I also own a shop that sells purses and handbags.
I want to rear goats. Kenya is an Agricultural based country. Goat rearing does not require much land and do not bear high cost to run. The site of the project will at a small land owned by our family. I will purchase does and bucks of one year of age so as to maximize on the loan.
My Business
Goat farming requires less capital and investment than raising any other livestock. I will start goat farming business with a very small investment but in the result I will get more profits than any other livestock.
I will earn some extra money by selling manure to crop farmers who use goat manure in their field because it is a very high quality organic fertilizer, I will sell goat meat it has a great demand locally and this rate is increasing rapidly day by day, I will sell goat milk is enriched with many necessary nutrition elements and it is easily digestible which makes it a huge demand locally and also goat skin has a high demand and value locally.
After the goats have reproduced, I will sell young ones at a profit in order to maintain a healthy maximise on the profits.
The profits will be used to take care of my family, siblings and my dad.
Loan Proposal
Dear Lenders,
I would like to go back to my clothes selling business which is very lucrative. First, I will buy Ladies blouses, trousers, skirts wholesalers in Eastleigh market and Nairobi's whole sale stores. I will buy Blouses at a cost of 1.93 dollars each, trousers at a cost of 2.89 dollars each, skirts at a cost of 1.93 dollars each. I will then sale blouses for 4.81 dollars each, trousers at 6.74 dollars each and skirts for 4.81 dollars. Profit from each blouse will be 2.89 dollars, profit for trousers will be 3.85 dollars and skirts will be 2.89 dollars. I will buy 30 pieces of blouses, 30 pieces of trousers and 30 pieces of skirts at a cost of 57.75 dollars, 86.63 dollars and 57.75 dollars respectively. Total profit for all the three items will be 288.77 dollars. I will be taking the clothes to the staff during the breaks and students during their free time every day. My target is university of Nairobi's Upper Kabete Campus and Lower Kabete Campus which are close to each other with a ladies population of over 20,000.
Lenders,
Kindly consider and approve.
God bless you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$251.00
Date disbursed
Oct 4, 2019
Repayment status
Late
Projected term
5 months
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