Name
Esther
Member since
December 2016
On-time repayments
97 installments • 58%
My name is Esther, a young woman who is doing business of selling second hand clothes in Bamburi area in Kenya's coast. I was born in Mombasa and attended school up to secondary school. I do not have any professional training for now but I hope to join a management college to do a course in human resource management. I hope to continue doing business for now until I get enough money to fund my education.
I am single and living with my parents. My hobbies are reading and traveling and I always do these activities whenever time and resources allow.
I sell second hand clothes. I mostly sell ladies dresses and skirts. I buy my stock from people who import these clothes from Europe and North America. Many people prefer these imported second hand clothes because they say they are durable and cost less than new clothes.
I run the business on rented premises where I pay $20 as monthly rent. My business gives me around $120 but I am hoping to make it grow in the near future and generate more income. I use this money for my upkeep and to support my parents when they fall short of cash.
Like the previous loans, I will use this money to buy more stock for my business. I will buy T-shirts which are very popular in my area. My profit margin ranges about 40 - 50% and I will put a lot of effort to sell the stock fast so as to realize my profit.
Thank you for your continued support.
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Project Type
Classic Loan
Disbursed amount
$23.00
Date disbursed
Jul 18, 2017
Repayment status
On Time
Projected term
5 months
Other loans
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