Stock of mutumba (secondhand) clothing for resale

Lillian

Embakasi, Kenya

100% repaid

Entrepreneur

Name

Lillian

Member since

January 2015

On-time repayments

9 installments  •  100%

About Me

Am a young lady aged 23 years. I am a graduate from the university of Nairobi with a bachelors degree in psychology and philosophy. I was born and raised in a poor background and studied under the support of friends, relatives and well wishers. I graduated from the university in the year 2013 and have not yet secured a better employment opportunity. With the little income i earn, i support my siblings in school. I therefore decided to venture into business for more income.

My Business

I buy and resell clothes in the local markets in Nairobi. I started this business while i was in school. I used to buy clothes and resell them during the weekends and whenever i had no classes to attend. I have decided to secure this loan so that i can be able to pay for a centralized selling point and increase my stock. By identifying a selling point, i will be able to maximize my profit because my customers will be able to find me whenever need arises.

Loan Proposal

i will use the loan to buy mutumba clothes at around $1 each piece. After wash and iron, i will resell the clothes at around $2.5 per piece. This double price will enable me to maximize my profit. I will therefore be able to repay the loan and increase my stock thus expanding the business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$49.00

Date disbursed

Mar 30, 2015

Repayment status

On Time

Projected term

5 weeks

Lenders

C

Cblodgett

Zurich, Switzerland

S

sarapho

Hawkestone, Canada

Johannes Duerk

Bochum, Germany

MW

Matt Willis

United States

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