Purchase inventory for my clothing business
Felistus
Gilgil, Kenya
100% repaid
Entrepreneur
Name
Felistus
Member since
January 2015
On-time repayments
115 installments • 67%
About Me
My names are Felistus Nyambura Ndung'u. I was born in September 21st 1992 being a second born in a family of three. I started primary school in 1999 and completed in 2006. I was admitted in Naivasha girls high school in 2007 - 2010. A year later i was enrolled in Egerton university where am studying bachelor of science in agricultural economics. Late last in my third year i went for my attachment at the ministry of agriculture from September to December. I am still in school in fourth year which is my last year. I plan to study for my masters later so as to further my studies while still operating my business.
My Business
I own a clothes business called smart clothes.in a day i make sales of 1000 Kenya shillings.if converted into monthly sales they add up to Ksh. 26,000. I pay house rent Ksh. 6000 per month.i have employed a lady whom i pay ksh6000. I use Ksh. 5000 to cater for transport and other needs since i go to school part-time. I give my mother 4000 to cater for our house needs. The remaining 5000 i use for restocking my business which is growing gradually. Once i complete school, i will be able to manage my work more efficiently and at the same time open another business related to the course am doing in the university. I am confident that my business will repay the loan. Meanwhile, while in school my mother assists me in managing especially when am doing my exams. Thank you in advance.
Loan Proposal
The money will buy more stock as in , more clothes, shoes and beauty products. All these will enable satisfaction to my customers and to myself inform of much profits. I expect y profits to increase by 15% which will indicate a greater change in my way of doing business.
Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$385.00
Date disbursed
Apr 5, 2016
Repayment status
On Time
Projected term
14 months
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