Additional stock for my secondhand clothing business

Dominic

Mishomoroni, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Dominic

Member since

October 2016

On-time repayments

153 installments • 35%

About Me

My name is Mwangi, a small time businessman in an area called Mishomoroni city. I was born in the central highlands of Kenya and this area is has rich soils and reliable rainfall. However, there is a high population density and the farms are too small to sustain large families like my dad's.

This is what led me to move from there to a distant town - Mombasa where I started living with my brother before finally moving to a smaller town called Mishomoroni where I do my business.

My Business

I deal with sale of second hand clothes where I buy at a wholesale price and sell at retail price. My profit margin ranges from 20 - 30% and my income is about USD 180 per month after paying my rent and other small bills. This is what feeds my family and takes the little one to school.

My business has been growing year after year and I hope it will now be catapulted by credit that I will be getting from Zidisha. Thank you for giving me this rare opportunity.

Loan Proposal

I will use the money to buy more stock of used clothes so as to satisfy the needs of my customers. I hope to use this money to get a better quality type of clothes which will attract more buyers.

I hope to make some tidy profit from this venture which will help me in repaying this loan as well as expanding my business. This eventually will benefit me by making it possible to give my family a better quality life.

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M
Margaret Sep 14, 2017

Dominic paid his loan off very early. would gladly lend to him again and encourage others to do the same.

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