Expansion of second hand clothes business
Fredrick Owuor
Bondo, Kenya
100% paid forward
Entrepreneur
Name
Fredrick Owuor
Member since
January 2023
On-time repayments
6 installments • 67%
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.
My Videos
Jan 6, 2023: Fredrick at bondo market selling second hand clothes
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Project Info
Project Type
Pay It Forward
Disbursed amount
$30.00
Date disbursed
Jan 9, 2023
Cost to entrepreneur
Service fee: $1.41
Pay It Forward contribution: $4.23
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