Expansion of second hand clothes business

Fredrick

Bondo, Kenya

100% paid forward

Follow Fredrick

How it Works

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 increase my stock of second hand clothes so that I can make more profit. My ultimate goal is to buy a bale of second hand clothes in future.
The loan of 3600 kes will give me a profit of 1,500 kes, this will go towards business expansion.
Thank you for the support.