second-hand clothing business

Charity Phiri

Choma, Zambia

49% repaid

Entrepreneur

Name

Charity Phiri

Member since

October 2016

On-time repayments

35 installments  •  17%

About Me

my name is charity phiri.i was born in choma in 1978.i was born in a family of five and im the third born.i am a widow.my husband passed away in 2015.i have six children.two girls and four boys.its not easy raising six children especially after my husband died.my first born completed his high school education last year and he is waiting to go to college.my last born child is three years old.i went up to grade seven.my father died years ago when i was still in primary school and it was difficult for my mother to put me through school hence i dropped out of school and later got married.i live with all my six children.

My Business

my business is selling second hand shoes and clothes.i started this business three years ago.my husband was a taxi driver and his income was not enough to take care of our family.that is why i decided to start business.i usually get these items from lusaka and i sell them at the market in town where i have a small stand.the second hand clothes and shoes do sell alot because most people cannot afford to buy brand new clothes from stores.this business has really helped me to take care of my children.i would like to expand it so that i can pay for my sons college fees and that is why im applying for this loan.i dont usually get a lot of clothes.but when i get the loan il order a bail of clothes as well as shoes and this will give me good profit.

Loan Proposal

when i get the loan i will order a bail of second hand clothes.a bail of clothes costs $60.i will also order a bail of shoes which cost $60.on transport i use $20 to and from lusaka.in a bail of shoes theyr about 50 pairs of shoes and i sell shoes at $3 dollars a pair which gives me $150 for the whole bail.for clothes roughly i will raise about $150 from the bail.this means that i will be able to pay for my sons college fees as well as pay back the loan.i believe that the loan will take me to another level in my business and il be able to take care of my children.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$179.17

Date disbursed

Oct 31, 2016

Repayment status

Late

Projected term

8 months

Cost to entrepreneur

Service fee: $5.15

Lenders

korben

VILLENAVE D'ORNON, France

K

k9rich

Bay Shore, United States

A

AlexCheng

Seattle, United States

Ellwood

Wimborne, United Kingdom

Paul and Rachel

London, United Kingdom

C

Charlotte

Charlotte, United States

Sunnyside

Stafford, United Kingdom

C

cardiff

Falls Church, United States

D

DKross

New York, United States

K

kingcamo1095

Mountain Home, United States

D

DavidJSmu

North Attleboro, MA, United States

AllieJ

Camberwell, Australia

J

jsbisa

New Orleans, Louisiana, United States

K

Keith

Luxembourg

Otto Barten

Amsterdam, Netherlands

N

nagoll

United States

T

twm3823

United States

G

GEMMGMT

United States

OllieOladele

London, United Kingdom

D

djlayton4

United States

K

Kristiina

All Countries

JL

Joao Leal

United Kingdom

Valeria Cremonesi

Casalpusterlengo, Italy

B

Berrin

Stuttgart, Germany

Matt B

Stratford Upon Avon, United Kingdom

Kai

Nuremberg, Germany

MB

michael breen

United Kingdom

The Bayiates Family

Chicago, IL, United States

DF

Daniel Fehr-Krahn

Winnipeg, Canada

Julia

United States

TB

Taylor Brown

United States

M

Mart

United Kingdom

Donna Manton

Australia, Australia

R

Ryan

United States

Sarah and Dave

Toronto, Canada, Czech Republic

JM

john meserve

United States

Aylsham Rotary

Aylsham, Norfolk, Uk, United Kingdom

Kavitha Amarnath

Sydney, Australia

V

Varun

New Zealand

K

Keefer

United States

P

patricio

Yorba Linda, Ca, United States

Mark Grey

Redding, CT, United States

AH

ajay hampapur

United States

J

Jeff

United States

N

Nick

United States

E

eriklonnroth

United Kingdom

MJ

Monika Jelic

United States

Aran Dunlop

United States

Hana

United Arab Emirates

TM

Toni Martin

United States

BS

Brad Syverson

United States

Joe Lamantia

Reston, Virginia, United States

SC

Scott Charter

United States

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