Buy second hand clothes in wholesale and retail
Irene
Arambe Village, Kenya
71% repaid
Entrepreneur
Name
Irene
Member since
May 2014
On-time repayments
40 installments • 70%
About Me
I am the third born in our family of six. Two are currently in secondary school while i attend a polytechnic college. My mother sells grocery at a small scale that i help her with. I am also a devout christian and participates in church charity works like visiting children home, cleaning the village etc.
My Business
I would like to start selling second hand clothes to help raise my school fee and personal needs. This is because with the kind of business my mother does we barely survive and sometimes i cannot report to school on time. She gives me a little allowance when i help her sometimes upto ksh 300 a week. I also have chicken that i sell to make some money and i can use it to repay the loan, i make like ksh 500 from the sale of one chicken and i usually sell like ten monthly.
Loan Proposal
I would like to buy second hand clothes known as mtumba in wholesale and sell them in retail. U will especially deal with ladies clothes as they are high in demand among college students. I believe that my business will flourish here since i have done my research thoroughly and gotten a strategic point. My prices will also favour the students too. I will pay back the loan from the profits i will make and from my weekly allowance. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Jul 3, 2014
Repayment status
Late
Projected term
9 months
Lenders
Madrid, Spain
Netherlands
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