Entrepreneur
Name
Alex
Member since
May 2016
On-time repayments
19 installments • 26%
About Me
Am Alex residing in Kericho town Kisumu road Roadside Villa. Went to Chebarus primary school in Nandi county and Joint meteitei boys high school in 2001.My home village is Kapkoros , Chepsangor sublocation , Chebarus Loaction and Nandi hills devision
Am now working in Kericho and do business in Kericho town.Living in Kisumu Road Chepkolon at Roadside villa.
I have been to business for a period of three years and has gain more experience since i began with a small stock and now one of the best .
My Business
Doing clothing business in tengecha lane and also has a cyber at Highlands primary . The two business are doing very well and believe that in future they will be at higher level.
The business was started in the year 2012 with a small savings of 20,000 and due to the demand the increase in client tale the business has been growing gradually.The stock is now at 200,000.Currently I get stock from clients who import from Turkey and Dubai and new suits for selling locally. The business is very competitive in kericho town since there has been a varieties and are of good quality.
The clothing business has been doing well and thus motivated me to venture into other businesses thus starting a cyber by the name Ideal at Highlands primary opposite huduma center which has also been doing well.
However I also do mixed farming in my home where I rear dairy cows, poultry and crop farming such as vegetables and cash crops like sugar cane.All these projects are under my management I also have some employees who do the daily operations of the business under the supervision of one of them who gives me daily report of the business.
The working capital has been a challenging factor as is always not enough, thus looking for more funding to take my businesses to the next level,diversification has also help a lot as this ensures that there is consistency in the monthly income.The main source of business is the clothe business and the others do support this business.
Loan Proposal
I would use the loan to pay for business expenses.The power bill will be the first part of expense to be paid using the loan amount of 420.The business has been growing very first and need capital to be injected so that he demand for the customers are met.The need to have more stock is one of the challenge that need to taken care of by the end of the day and thus the existence of varieties of goods in my stall will help me maintain my customers and thus the need for more capital to increase stock into the business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$4.00
Date disbursed
Apr 20, 2017
Repayment status
On Time
Projected term
5 weeks
Other loans
Lenders
Tromso, Norway, Norway
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