Buy three bales of second-hand clothing for resale
Geofrey
Eldoret ,kamukunji Bondeni Estate, Kenya
14% repaid
Entrepreneur
Name
Geofrey
Member since
October 2015
On-time repayments
117 installments • 71%
About Me
Iam Geofrey K.Omula,aged 39 years old ,From Nmabale Town ,Busia County in Kenya But currently I live in Eldoret.
I was priviledged to school up to form 4
Iam married and God has blessed us with two children a son and adaughter.
Started business in Eldoret Town Uasin gishu county in 2005
I live in Eldoret town with my family
My Business
I do the business of buying and selling second hand clothes ,popularly called mutumba in Kenya.
I started the business in 2005 as a suppliment to employment income and since then the business has grown big by the grace of God .I manage the business with my wife .Our business is located in ELDORET WEST MARKET.
We usually buy bells of second hand clothes open them then we sell pieces on retail basis.
Monthly cost of operating the business is approximately 450 us dollars ,while runing expenses approximately 220 us dollar ,thus monthly profit is approximately 230 us dollars.
I normally us the profits finance upkeep of my elderly mum ,school fees for my children and some months where their is no school fees I plough back part of the profit into business
Loan Proposal
Dear Lenders
Thanks very much for the privileged you have given me again to borrow again,I propose that given funding I will use all the 330 dollars to buy three bells of second hand clothes that I do sales each bell cost 100 dollar.
I believe by your help my business will grow tremendously.
God bless you.
Looking forward to your help
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$341.00
Date disbursed
Feb 1, 2017
Repayment status
Late
Projected term
79 months
Other loans
Lenders
North Carolina, United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Ask Geofrey a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.