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

None

None

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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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  • Lillian    May 6, 2015

    the business is good now

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  • Lillian    Apr 28, 2015

    the goods have sold out

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  • Lillian    Apr 1, 2015

    hae lenders i did receive a loan of 4474 and am so grateful for your help. i will buy more clothes and resell them at a good profit and expand my business

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  • Lillian    Mar 30, 2015

    Thank you so much lenders,i truly appreciate your assistance

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  • Lillian    Mar 26, 2015

    Thank you very much dear lenders

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  • Lillian    Mar 23, 2015

    i have more orders this week. i am sure i will be able to raise this much

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  • Lillian    Mar 17, 2015

    Hi,i received 4474/= and bought clothes to resell them at a profit. I truly thank you for giving me the loan because it increased my business and also my financial stability is not bad. The profit i get i go back to the market with it and the rest i saveThanks very much

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  • Lillian    Mar 2, 2015

    my business is growing day by day, thank you very much lenders

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  • Lillian    Jan 30, 2015

    Have been able to purchase clothes at a cheaper price and reselling them at a profitable amount, this has made a big difference in that i have some good amount of money in my pockets when a business day closes,Have been saving some of the profit and the rest going back to the markets to purchase more clothes. I now do not need to scratch my head so much on how will pay the house rent or buy food hence making the family stable.

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  • Lillian    Jan 27, 2015

    i would like to change the repayment schedule because the business is doing good and is bringing out good profit.The business is in a much stable condition now than it was before and each day i close my working day with a good amount of money to sustain me.I am able to resale the clothes i buy at a good profit hence making some savings and the rest i go with it to the market to purchase more clothes to sell.

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