Expansion of second hand clothes business

Fredrick

Bondo, Kenya

100% paid forward

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Entrepreneur

Name

Fredrick

Member since

January 2023

On-time repayments

10 installments  •  40%

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

$38.00

Date disbursed

Jan 26, 2023

Other projects

Jan 2023:  $29

Feb 2023:  $47

Backers

Ilyasu

Bukuru, Jos., Nigeria

Dasu

Karawang, Indonesia

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

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  • Fredrick    Feb 21, 2023

    I want to take this opportunity to really thank my funders who have stood with to make my dream become a reality. I am going to buy more stock of second hand clothes and this is going to increase my profit.
    My goal is to expand my business so that in future I can be able to purchase a bale of second hand clothes that costs 9,000 kes. I know that slowly I'll get there.
    A big thankyou to my funders once more.

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  • Kenneth    Feb 16, 2023

    Blessings

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  • Fredrick    Feb 13, 2023

    The loan that I took really helped me to increase the stock of clothes and as a result my profits increased. I am very thankful to my funders, my business is growing. I want another loan of 6,000 kes to buy more stock of second hand clothes. My goal is to grow my business. thanks to Zidisha team.

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  • Fredrick    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    Jan 26, 2023

    May God be with you

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  • Fredrick    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    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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