Stock of second-hand clothing to sell for Christmas

Daphine Mbuga

Nakuru, Kenya

6% repaid

Entrepreneur

Name

Daphine Mbuga

Member since

July 2014

On-time repayments

55 installments  •  33%

About Me

I am a third born in a family of seven ,am married to a professional teacher .we have two kids professionally i did secretarial course at Tracom College Nakuru,Due an employment in kenya i decided to venture into business ,currently am dealing with second hand clothes.During my free time i enjoy having fun with my family,reading novels,watching movies and hiking. I love attending church functions since am a strong believer of the bible,a part from that i help in community work ,where by i also help guide and counsel young girls especially the teenagers so as to help them understand themselves.Despite my overprotective parents i learned to pave way for myself which has helped me survive in the business world

My Business

I normally get my clothes from dubai and bangok,I make 600 dollars per month from my sales inclusive of the rent and other expenses.i pay a rent of 50 dollars per month amounting to 600 dollars per annum and occasionally i usually employ two boys to assist me in carrying the luggage to whom i usually pay 30 dollars whenever they assist me.my customers prefer my business since i bring quality clothes which are on fashion and they since they prefer fashion i always satisfy all of them despite the social classes,my business face a lot of risks since clothes are not perishable commodities.apart from rent and manpower i usually p lough back the profit that i get and that is why my business is doing well.

Loan Proposal

I will use the loan to increase the stock especially laddies and children's clothes which are in demand this December holiday. I will spend 250 dollars to make an order for the additional stock from Dubai. The remaining amount of 50 dollars will be used to meet the miscellaneous expenses like rent for the business premisses.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$290.53

Date disbursed

Dec 18, 2014

Repayment status

Late

Projected term

8 months

Cost to entrepreneur

Lender interest: $290.53 at 4.84% annual rate over 8 months = $10.12

Service fee: $7.73

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