A permanent shade for selling my second hand clothes

Gedion

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Gedion

Member since

January 2017

On-time repayments

64 installments  •  56%

About Me

I am Gedion Kiplangat, born and raised in Kibera slums in Nairobi. I have spent all my live in Nairobi struggling day in day out right from my tender age to make ends meat.. I was raised my a single mother not knowing my father to date.
I schooled at Ofafa Jericho primary school up to class eight, after completing primary school, i ended my education there because of lack of school fees.
I have been through a lot of hardship for example i used to work for people as young as 10 years in order to get money to buy books, pen and also get some money for food. It was very hard for me because i was a young boy.
After completing school, i was faced by a bigger challenge in life, trying to look for money to start up a business that could support my mother and i, i had a very strong motivation to work because of my mum, i therefore engaged myself in offering manual labour to people so as to get money, the little i used to get went to my savings and finally i reached my target and with the help of my mother we managed to start selling our own second hand clothes. That is how i strated this business was back in September last year.

My Business

I offer goods , i sale second hand clothes famously known in kenya as mitumba to the locals in Nairobi town. This goods are useful because they are cheap interms of buying and also it is readly available to many people. It also on demand because of the prices and and also its uniqueness.
I chose to do this business because i saw the demand for the second hand clothes to be very high and also i had an uncle who was doing the same business and thus i was assured of getting good products because of the experience that he has in this market.
I have been using the profits that i get to grow the business by increasing the number of bales that i buy each month, i also use the profits that i get to take care of my mother at home

Loan Proposal

Thank yous o much for the earlier loan, i will use the second loan to to construct a permanent shade where i can be selling mu clothes fro on the days that i am not attending to my customers at the market places. The 23 us dollars will allow me to buy timber, iron sheets, nails and also pay the carpenter.
I will benefit greatly as i will be in a position to raise my income

Feedback

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  • Margaret    Apr 3, 2017

    Gedion paid his loan off promptly and was a pleasure to work with. I would gladly loan to him again and encourage others to do the same.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$23.00

Date disbursed

Apr 3, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

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