Seeking a loan to add new stock to my boutique

Kevin

Narok, Kenya

12% repaid

Entrepreneur

Name

Kevin

Member since

July 2018

On-time repayments

3 installments  •  67%

About Me

My name is Kevin Omae,I'm 23 years old.I grew up in a humble background and I have always worked hard to ensure that I overcome this challenges.
I have grown up with a business mind,I have learnt how to manage my financial status all this time until where I have reached.
Life has been very difficult growing up as an orphan without anyone to support me with capital to grow my business until I heard about Zidisha which will help me a lot to become a successful entrepreneur.
I'm honesty, trustworthy and hardworking businessman,With the aim of expanding my business to accommodate several unemployed youths in my community.
This is the right place for me to acquire the necessary resources to improve my business.

My Business

I own a Boutique which deals with all type of clothing both for adults and children. I deal with women and men trousers and shirts,shoes.I also sell women's beauty products like bracelets.
I run my business with one other staff who help me in keeping the stock records.
I started this business one year ago and it has really sustained myself through the profit I get.At a good month I generate a profit of $150 which help in paying my staff and save the other money.
This business is my main source of income.I'm requesting for a loan of $200 so that I can add more stock and expanded my business, so that I can employ others to work with me.

Loan Proposal

I'm planning to use this loan to purchase a bale of Male trousers and add ten pairs of women shoes.I'm actually requesting this loan of $200 to increase my stock so that I can make a profit if $300 per month.
A bale of male trousers will cost $100 including transportation to my business center. 10 pairs of shoes will also cost $100.If I successful manages to sell all this product my net profit will be $300 per month.The total profit will be $100 after deducting all the business expenses.This profit will help my business to grow.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

Jul 30, 2018

Repayment status

Late

Projected term

2 weeks

Other loans

Lenders

A

Andy

Berlin, United States

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  • Kevin    Jul 31, 2018

    Hello I received the loan of $5 and I used it to buy some clothes which I'll sell at higher price so that I can make some profit.
    Thank you very much.

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