Expansion of second hand clothes business

Fredrick Owuor

Bondo, Kenya

Funds disbursed

$0 to go

100% funded of $38 goal

0

days left

Entrepreneur

Name

Fredrick Owuor

Member since

January 2023

On-time repayments

1 installment  •  100%

About Me

My name is Fredrick Owuor from Bondo, Kenya. I am the last born in a family of eight. I went to Baropuk Primary School and then proceeded to Bondo Townsip Secondary School where I sat for Form 4 examinations in 2013. I graduated from Kolpine Vocational Training Center- Thika in 2016 with a certificate in Food and Beverage. I am married with one son who is 2 yrs old.
After college I got a job in a restaurant as a waiter and with small savings I managed to get some capital to start the second hand clothes business.

My Business

My business is selling second hand clothes in Bondo Town open air market. I usually buy the second hand clothes from different wholesalers in peaces. This is very costly and therefore the profit margin is small. Apart from selling second hand clothes I also offer catering services in weddings, funerals or home parties. I plan to get a loan to help me buy the second hand clothes in bales as this will help me increase my profit.

Project Proposal

I plan to buy more second hand clothes to meet the demands of my customers. The more I increase the stock the more profit I will make and this will help me expand my business in the long run.
I am therefore requesting for a loan of 4686 kes.

My Videos

Jan 6, 2023: Fredrick at bondo market selling second hand clothes

Feedback

None

None

None

Project Info

Project Type

Pay It Forward

Disbursed amount

$38.91

Date disbursed

Jan 26, 2023

Cost to entrepreneur

Service fee: $1.94

Pay It Forward contribution: $5.83

Other projects

Backers

Ilyasu Shuaibu Ahmad

Bukuru, Jos., Nigeria

Dasu Dasu

Karawang, Indonesia

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

Loading...

Loading...

Loading...