Buying new clothes for resale

Clare

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Clare

Member since

February 2014

On-time repayments

115 installments  •  97%

About Me

I have a diploma in business management and a trained secretary. Currently, I have begun a chicken farming business since I inherited a piece of land from my parents. My area of residence is Syokimau which is a big backyard. I started this business after being gifted 3 hens and 2 roosters. I have kept them for a whole year mainly for just eggs for home use. I recently started doing research on chicken farming and I found it to be very lucrative. I have so far expanded it and have a total of 2 roosters, 8 hens and 41 chicks.

My Business

So I plan to expand this business to sell eggs and chicken meat. Currently, I am getting 8 eggs every day which means it takes 4 days for a tray to fill up. So in a week, I have approximately 2 trays of eggs. I thereafter sell the eggs. Each tray fetches $6.50 so in a week I get $13. I spend $6 on feeds which last for two weeks. I also supplement the food with a garden I have in the backyard where they feed on greens. I already have the chicken coop which is spacious and laying points, sickbay in case of sickness. I also have feeders and drinkers. I am looking to get financial assistance to be able to buy more feeds especially for the chicks and also medication that is needed at times. My research showed that for this venture to be profitable, it needs the chicken to be more so that one can get more on eggs.

Loan Proposal

Ritzy Collection is a start-up retail establishment that will sell fashionable clothing to women and children. I do all our selling online and use Facebook as our platform for advertising. This is because there is a lot of competition in this market so if one gets a shop, they will incur more costs which they will push down to clients. This target market was chosen because women tend to buy clothes all the time according to the fashion and fashion keeps changing all the time. Women also tend to buy a lot of children’s clothes impulsively. The average income per week is about $150 which means one has to be able to get new stock every week. It is because of this that I am seeking for additional so as to be able to get new stock each week. I would also like to start giving discounts to loyal customers and well as having a monthly sale for dead stock. I would also like to start advertising using mobile phones by alerting clients of arrival of new stock or whenever there is an end-of-month sale. Since I have been in this type of business for a long time, I have come to know what sells and thus being able to get exactly what the customer wants. I also get clients who pay more when they request you to go and look for a particular item for them. This has also greatly boosted my profit margins. I hope be able to get additional funds and my profile will show that I have been able to pay past loans on time.

Feedback

5

1

1



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$252.00

Date disbursed

Apr 22, 2016

Repayment status

On Time

Projected term

4 months

Lenders

Paul Buchheit

Mountain View, United States

Craig

Memphis, TN, United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Ask Clare a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Clare    Oct 19, 2020

    The loan I took helped a lot. I was able to restock and it fetched a good amount of money that I was able to repay my loan before the due date.

    Log in to reply • Share
  • Clare    Sep 21, 2020

    I received KESH 5000. I bought innerwear for men and women. Thank you for the help.

    Log in to reply • Share
  • Clare    Sep 15, 2020

    Thank you for lending me the loan. I will update you on how the business grows.

    Log in to reply • Share
  • Clare    Sep 14, 2020

    Thanks for the last loan. It helped a lot!

    Log in to reply • Share
  • Clare    Mar 7, 2018

    Thank you for the support.

    Log in to reply • Share
  • Clare    Feb 5, 2018

    The last loan helped me tremendously in building my business. And for this, I want to thank all those people who ensured I got the loan and on time. I was able to buy more merchandise and on time so I got a lot of regular customers.

    Log in to reply • Share
  • Clare    Jun 20, 2017

    Thank you very much for the loan assistance. I did get the full loan that I had requested and purchased stock for my business.

    Log in to reply • Share
  • Clare    Jun 12, 2017

    Thanks so much for funding my loan quickly. I will keep you updated about how the business is doing.

    Log in to reply • Share
  • Clare    Jun 12, 2017

    Thank you for the money that you lent me. I used it to expand my business and hopefully I get another loan to restock.

    Log in to reply • Share
  • Clare    Jan 18, 2017

    Thank you very much. I received the full funding that I had requested and I have already bought the items.

    Log in to reply • Share
  • Clare    Jan 9, 2017

    I intend to buy more stock for my business as this will help me expand my business even further. Thank you so much for funding my loan.

    Log in to reply • Share
  • Clare    Apr 25, 2016

    Thank you for the loan. I received the whole amount and I have purchased more clothes for resale. This will go a long way in helping the business stay afloat plus add more stock that the customer is in need of. I will be photographing the new stuff so that I can post online and start advertising. I am also researching on the best package for advertising via mobile phones so I can send out messages to clients that have purchased before informing them of arrival of new stock and also if there is any sale.

    Log in to reply • Share
  • Clare    Apr 22, 2016

    Thank you so much for all those who have funded my loan. It will help me purchase more stock as I continue with my business.

    Log in to reply • Share
  • Clare    Apr 11, 2016

    I want to thank the lenders who had helped me previously as they have made my business grow tremendously.

    Log in to reply • Share
  • Clare    Sep 21, 2015

    I received full funding for the loan to help me buy household rummages. I have ordered for the goods and awaiting arrival so I can start pricing and estimate how much profit I will make. I plan on using the internet for advertising this new venture as well as word of mouth. Thank you so much for funding my loan.

    Log in to reply • Share
  • Clare    Sep 15, 2015

    I will purchase the household rummages which includes things like oven mitts, kitchen towels, aprons etc. Thank you very much for helping me achieve this.

    Log in to reply • Share
  • Clare    Sep 4, 2015

    Thank you very much Joseph! :-)

    Log in to reply • Share
  • Joseph    Sep 4, 2015

    Congratulations and good luck with your business

    Log in to reply • Share
  • Clare    Jun 30, 2015

    Thank you very much for funding my loan.

    Log in to reply • Share
  • Clare    Jun 24, 2015

    Thank you so much for funding me. I'll be purchasing cosmetics which is a new venture and I'll report back on how this loan has helped me.

    Log in to reply • Share


Loading...

Loading...

Loading...