Construction of a shop

Ogola

Ogera, Kenya

100% repaid

Entrepreneur

Name

Ogola

Member since

May 2014

On-time repayments

175 installments  •  79%

About Me

I am Clement Ogola, live in Ogera village and I am a businessman dealing in second hand clothes, mainly women wears.
I sat for my Kenya Certificate of Secondary Education in the year 2010 at Atemo secondary school. I obtained a mean grade of B-.
Due to lack of school fees to further my education, I started buying kitchen wares at cheaper prices, market and sell them.
I am married and fathering a daughter. So far I have bought three goats with the profit I have made from the business.
I like inspiring fellow youths to live their dreams and believe in themselves.
For the rest of my life,just want to enjoy freedom by being innovative in business field and help create many opportunities for young generation.
I like playing ball games during my free time.

My Business

I do sell second hand clothes commonly refferred to as mitumba in Mbale town. I have a shop where I display my merchandise and have a good sales reputation.I deal in second hand clothes that I source from the wholesalers from the open air market in Nairobi.
I have always encountered a setback due to bad debtors but it most of them nomarlly settle .I make an average of $90 monthly profit.This is after expenses of averagely $60 hare been deducted.My source of income to help me repay the loan shall come from my business which is stable but require expansion to capture more clients.
I`ll ensure I abide by zidisha regulations outlined and repay the loan promptly.
I humbly look forward to your positive response in regard to my application.

Loan Proposal

If my loan application is accepted and funded, I will complete constructing my shop that will cost 288USD a shop, I would wish to open a juice palour that shall be run my wife. I have done a feasibility study and realised that the fresh juice business is marketable in my town. I will use the remaining amount plus my savings to buy a freezer, a blender and furniture for smooth running of the shop. I have an expectation of raising 28USD daily from the business.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$590.00

Date disbursed

Jan 27, 2016

Repayment status

On Time

Projected term

7 months

Lenders

M

Markus

Hamburg, Germany

Matt B

Stratford Upon Avon, United Kingdom

PG

Paul Graham

United States

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  • Ren    Oct 15, 2018

    Dear Ogola Clement:
    Hello - I wonder if you are truly going to make repayments? I do hope so, because you may need zidisha in the future and if you pay back, even a little at a time, people will be willing to lend to you again. Good luck!
    Best,
    Karen

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  • Ogola    Jun 16, 2017

    I wish to reduce my installment amount since my business profit has gone too low that the business cannot sustain itself. This is due to bad weather since my juice business does well during hot season. The fruits have also been scarce in the market hence high prices.

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  • Ogola    Sep 27, 2016

    I am so grateful to the lenders for funding my loan application. I have received the loan and my project is underway. Thanks

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  • Ogola    Sep 22, 2016

    I take the earliest opportunity to thank the lenders for funding my loan application. I will rent a more spacious room that will help me in expanding my fresh juice business. I will buy a bigger freezer to preserve the juice. I am, so grateful team Zidisha.

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  • Ogola    Sep 13, 2016

    I take the earliest opportunity to thank the lenders in Zidisha organisation. Through hard work and committment, I can testify that the loan that you gave me has totally impacted in my life positively. im so humbled, thank you team zidisha!

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  • Ogola    Jan 15, 2016

    I used the loan that I recieved to stock more clothes for my customers. This has helped me serve more customers hence more profit realised. My earnings have increased incredibly by an average of 4000KES. I managed to buy two cows from the profit I made. The profit also helped me in purchasing some household stuff like a home thratre sound system and a flat screen LED television. So far I have started constructing a steel container shop.

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  • Ogola    Jul 2, 2015

    I am delighted to thank the lenders for funding my loan application. I recieved 39,385 KES and I'm happy that my stock is going to be increased, courtesy of team zidisha.

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  • Ogola    Jun 29, 2015

    I want to thank the Zidisha lenders for funding my loan application. Its my pleasure that you had confidence in me. I am now able to invest the money in purchasing more bales of clothes to expand my business. I am looking forward to having more customers hence more profit from my second hand clothe business. Thanks team zidisha

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  • Ogola    Apr 7, 2015

    I managed to renovate my shop for selling of second hand clothes after receiving the second loan, thanks to zidisha team. The sales volume has so far increased since the shop is attractive to my customers. I am looking forward to completing my repayment and qualify for another loan. Thanks zidisha

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  • Ogola    Aug 16, 2014

    The profit from my business is flourishing, thanks to zidisha team. I am looking forward to clear the first loan repayment instalment and apply for more loan. Thanks zidisha

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  • Ogola    Jul 23, 2014

    I have invested my loan in the purchase of more stock and the profit is flourishing. I am fully committed to clear the first loan and go an extra mile with zidisha. Thanks to zidisha team

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  • Ogola    Jul 11, 2014

    I am grateful to the whole zidisha team for considering my loan application and funding it fully. I am glad to invest more in my business through the support of zidisha.

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  • Victor    Jul 10, 2014

    I`m happy that my brother and a long time friend has been funded fully,it has been long since he applied.Thanks to Zidisha lenders.
    May your exemplary support prevail forever.
    Brother,I look forward to see you succeed in everything you`re doing for the benefit of yourself,family ,country and even the world as a whole.

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  • Victor    Jul 7, 2014

    Hi to lenders,kindly help bail Clement out so that he start running his projects.He's a commited man I believe in him.

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