Name
Margaret
Member since
May 2016
On-time repayments
15 installments • 47%
Am a Kenyan lady aged 39 years. Am also a single mother of one boy aged 13 years. I grew up in rural area in Nyeri County and later moved to Kiambu county. I hold a Diploma in Business Ethics & Customer service, certificate in Full Secretarial Course and Computer Application Certificates.
I lost a job 3 years back after a college i was working for closed down. I spent all my savings in paying rents, my son`s school fees and taking care of other bills in the house. I applied for jobs but the only ones i got were sales jobs like in insurance business which was hard to cope with since it was based on commissions only.
I asked one of my brothers to lend me some money so as i could start a business . This when i got in to secondhand clothes selling business. I started as a hawker in town with the city council men harassing me as it is illegal. After some time i got a small shop in town where am sell my sell secondhand clothes to date. If i can get this loan i will expand my business and save for my son`s school fees who is about to join secondary school next year.
I thank God because a good number of people her in Kenya appreciate secondhand clothes because they are not expensive and have good quality.
My son`s dream is to become a scientist/Movie Director when he grows up. I am working had to raise his school fees for secondary school to make his dream a reality.
Out of the hard ship i have gone through in life and praying and believing God to make ways for me , i developed an interest in encouraging single women that with God all things are possible and they should not despite small businesses.
I sell secondhand clothes for men, ladies and children. I choose to sell second clothes because they are cheap as compared to new ones.
Most people prefer secondhand clothes because they are unique, good quality and affordable. I also opted to sell secondhand clothes because i could easily put some in my hand bag and hawk around in business premises.
I pay for the shop 5,000kshs per month. And my business is able to make a profit of 1000 shillings per day, which i use to pay my rent and school fees.
Thank you for this opportunity to share my business idea with you. From the 1192 kshs, I wish to buy a wooden tray @ 1000kshs to use as my display for some soft toys i added to my shop last month. I also wish to buy 19 pieces of kids plastic hangers @10 kshs. So that i may add kids clothes .
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$11.00
Date disbursed
Apr 7, 2018
Repayment status
On Time
Projected term
5 weeks
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