Expansion of my clothe retail business
Fridah
Kitengela, Kenya
100% repaid
Entrepreneur
Name
Fridah
Member since
July 2014
On-time repayments
9 installments • 56%
About Me
I am Fridah Ndunge Kyalo. I reside in Kitengela, Orata Estate. I am a business woman, selling brand new clothes for kids, ladies and men but on a short term basis. I love travelling and reading a lot especially on current affairs. I have a diploma in Sales and Marketing from Kenya Polytechnic College, Nairobi. From my business, I am able to restock my clothe business and take care of my personal expenses as well. During my free time, i like attending worship service in my church. I am in the praise and worship team.
My Business
i mainly deal with sale of clothes.I buy the items from Eastleigh, then sell door to door in Kitengela.I also target clients on facebook, specifically popular facebook groups like Hm Hello Mama and Soko kuu. I post the products,then do deliveries at a fee for any orders out of my area. I look forward to buying Mitumba dresses from Gikomba and selling to my target audience since it is one of the most requested items. My typical monthly costs are bus fare. Each item i buy at, approximately. $30-50,and i make a profit of 30-35%. Depending on the time of the month.I wish to expand my business in such a way that i can be able to buy and sell in bulk, thus cut down on costs of travelling from Kitengela to Eastleigh every week. I will also have a variety for my clients to choose from, hence expanding my sale potential.
Loan Proposal
i mainly deal with the sale of clothes.I buy the items from Eastleigh, then sell door to door in Kitengela.I also target clients on facebook, specifically popular facebook groups like Hm Hello Mama and Soko kuu. I post the products,then do deliveries at a fee for any orders out of my area. I look forward to buying Mitumba dresses from Gikomba and selling to my target audience since it is one of the most requested items. My typical monthly costs are bus fare. Each item i buy at, approximately. $30-50,and i make a profit of 30-35%. Depending on the time of the month.I wish to expand my business in such a way that i can be able to buy and sell in bulk, thus cut down on costs of travelling from Kitengela to Eastleigh and Gikomba every week. I will also have a variety for my clients to choose from, hence expanding my sale potential.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Aug 19, 2014
Repayment status
On Time
Projected term
2 months
Lenders
Republic of Korea
United States
Duisburg, Germany
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