$150 to buy a Bale of Used Clothes for sale
Millicent
Mombasa, Kenya
49% repaid
Entrepreneur
Name
Millicent
Member since
April 2014
On-time repayments
127 installments • 39%
About Me
I am a Kenyan born and bred in coast region of Kenya. I went to local schools and I did my secondary school examination in 2008.
I come from a large family of 8 where I am the forth born. My parents are small scale farmers and they largely depend on us children for their upkeep.
After my secondary education I worked as a casual laborer in small companies in Mombasa where the pay was very little. I finally decided to try my hand in business last year. I got my initial capital from savings I had make when I was I was employed. I sell second hand clothes and ladies handbags.
My Business
My business deals with buying and selling of secondhand clothes. I recently started selling handbags to supplement my income and the returns are impressive. I source my second hand clothes from local markets and the handbags from Uganda (neighboring country).
In a good month, make about a net profit of about $250. I face a number of challenges when running this business key among them lack of capital. With a much needed loan boost from Zidisha, I will be able to buy a bale of clothes which will definitely push my sales up since the goods is very popular with low income earners who are quite many in this area.
Loan Proposal
I deal with selling used clothes. My daily profit is about $10 but this can easily go up if I get more clothes in my shop. I am currently dealing with men's shirts and trousers a bit of ladies clothes. I also sell women's handbags though on a very small scale.
My plan is if I get this loan, I will be able to buy one bale of assorted used clothes which will cost me $135 and ultimately build capital which will enable me travel to Uganda which is a neighboring country and buy handbags for sale in my shop.
This way I will have made a big step forward in my business.
I hope you will consider funding my loan.
Thanks.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 26, 2014
Repayment status
Late
Projected term
29 months
Lenders
United States
United States
United States
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