200 installments • 85%
I am Anthony Juma, the second born in a family of 10 siblings’ I was brought up in the suburb areas of kitale town in Trans nzoia county. I was brought up in a polygamous family where my father had three wives therefore he couldn’t be able to raise and educate all of us. The burden of raising our family was left to my mother who used her savings that she made from washings clothes and digging for our neighbors.
I was able to complete my primary education of which I passed very well but didn’t have enough money to join a good secondary school, I joined the nearest secondary school in our area, I passed well too but I was not able to join a college for lack of school fees. I managed to start selling second hand clothes located at police line in kitale,I started the business to earn a living and invest so as to help my mother educate my younger siblings .I am able to generate over $400 The uniqueness about my where I live is that I deal with different kinds of people and I have a ready market.
My hobbies are traveling,singing,reading and socializing.
My business is located in kitale town along police line street.I deal in selling second hand clothes especially shirts and jackets.I started this business in 2011 after my high school.I was not able to proceed to college for lack of fees and i discovered that due to high population and my love for fashion this was an ideal business for me to do.I make good profits from my business which i use to pay bills and educate my siblings.I am saving more cash to enable me join college in future.
I am also planning to rent a shop to stock the clothes and get out of the street.
I am grateful for the continuous financial support i have been getting from my lenders, it has made an positive impact to my business and to my livelihood. Considering that i only deal in men long trousers and shirts, once given the loan, i intend to introduce selling blouse and women tops. Concisely, i will restock men trousers, which i will buy at $3 each and sell each at $4, men shirts buying at $2 and selling at $3 and will introduce women blouse each buying at $2 and sell at $3. In total, i intend to spend $2700 in buying 900 units of men trousers and $1800 in buying 900 units of men shirts. For women blouses, i intend to buy 750 units at $1500.
Through the profit increase, i will benefit from reinvestment, paying bills, paying school fees for my children next year and i will also pay fees for my younger brother who intends pursue a computer course next year.
After investment, i expect to make a profit increase of 33%.
Dec 3, 2016
Cost to entrepreneur
Service fee: $23.92