Expanding my business

Mwangi

Mugira, Kenya

100% repaid

Entrepreneur

Name

Mwangi

Member since

November 2017

On-time repayments

3 installments  •  33%

About Me

am a small business operator who have desire and passion to invest more in ladies cloths.Current investments are documented at approximately $2700 of which $1300 is in savings and checking. An additional injection of approximately $8,700 will occur by December 15 2018 .
Annual gross sales are projected to grow from in this year to over $45,00 by next year with approximately 10% from customer special orders. Net profits are expected at approximately 6% through 2018, with reinvestment of 5% for growth initiatives.
Due to the demand for up-to-date fashions, inventory turns are projected at 5, which is higher than the industry average of 4.
My ambition is ;
To provide women with a boutique that offers a comfortable and approachable environment
To showcase quality, well-constructed fashions from prominent and cutting-edge designers
To offer a variety of beautiful and high-end fashion accessories
To help women learn what clothing and styles go best with their unique personalities.

My Business

my business source of income is from from various investments such us ; I have a small cyber where at least i manage to generate profit of 40$ every week ,also i have invested in farming of crops and trees even though I have started the business soon i have not be able to calculate profit as am in process of building strong foundation which in future will be able to finance my boutique business as main source of income and also be able to raise of living standards,also its my hope to create more job opportunity to the youth in the country who have been jobless for long time.

Loan Proposal

it have been my desire to increase my stock to cater for the high demand in the area.Also would like to employ one person to help me in my boutique .

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

Jul 26, 2018

Repayment status

On Time

Projected term

1 week

Other loans

Lenders

SH

Stephanie He

United States

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