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

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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

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  • Fredrick Owuor    Jan 26, 2023

    I want to take this opportunity to thank the members who have funded my project. I will add the stock of clothes needed to meet my customers' demands. Thank you so much and may God bless you so much.

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  • Ilyasu Shuaibu Ahmad    Jan 26, 2023

    May God be with you

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  • Fredrick Owuor    Jan 23, 2023

    I would like to take this opportunity to really thank the members who funded my project. I was able to add more stock of second hand clothes and this increased my profit.
    It is still my wish to add more stock to meet the demands of my customers. So Iam applying for a loan of 4686 kes and I am looking forward to your support. Thank you in advance and may God bless you so much.

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  • Fredrick Owuor    Jan 8, 2023

    I want to take this opportunity to thank the member who has funded my project. I plan to buy more stock of second hand clothes and after selling them my profit will increase. My business will therefore expand.
    thank you once more.

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