A loan to buy a bale of second-hand clothes for resale

Entrepreneur

About Me

My name is Ivy Wanjiku Wanja, born of a single mother 21 years ago. I was brought up in Mombasa town and went for my primary and secondary school in the same area. I did my secondary school exam in 2012 and later joined Kenya Institute of Management where I did a certificate course in computer applications. I am now looking for a job, but due to scarcity of job opportunities, I decided to start a business of selling second hand clothes.

I occasionally do promotional work on part-time basis at supermarkets and malls where I market branded products mostly from multinational companies.

My Business

I deal with selling of second hand clothes. I started this business late last year just after clearing my college education.

This was made possible by my mother who gave me the initial capital to start off the business. However, the funding was not adequate and my business has not grown to the level that I wanted it to grow.
I normally source my used clothes from local markets and I target office workers who are my main clients. Through Zidisha loans, I recently started supplying uniforms to various schools with much success. I intend to build on this momentum to grow my business even further.

I am very excited about a possibility of getting credit from Zidisha because I have tried from other lending institutions without success.

Loan Proposal

I deal in selling second hand clothes. I source my clothes from a local market in Mombasa. I have in this business for some months I have learned quite a lot and I feel I am confident enough to expand it. My aim is to buy a bale of assorted clothes from Nairobi which is about 500 kilometers from Mombasa. The clothes from Nairobi are of higher quality and cheaper and this will maximize my sales and profit.

I make a profit of about $70 per week and I will be able to make my loan payments comfortably. I am anticipating increased sales and profit if I get this loan which will pave way for proper expansion of my business.

One bale of assorted clothes will cost me about $120 and I will spend the rest on transport costs.

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