Expand my second-hand clothes business' inventory
Benjamin
Nairobi City, Kawangware., Kenya
100% repaid
Entrepreneur
Name
Benjamin
Member since
April 2014
On-time repayments
61 installments • 64%
About Me
My names are Benjamin Mulyanga born in 1971 Married to Agnes Mudibo and with four children's the first born Caren is in the university, the second born Phidel is in High school in form four, the third born Gillian is in High School in form one, and the fourth born Wallace is in primary School in class five, I live Nairobi in the slums of Kawangware, I am not employed. I went through Namahindi Primary School the Present Busia County, leading to Butula High School in Busia County and completed the Kenya certificate of secondary Education.I started business to help me provide basic needs to my children's and also pay their Education, From my earnings I buy food, clothing's and other bsic needs for my family. My hobbies are Listening to gospel music, Watching football and making new friends. I take this opportunity to thank zidisha for the good things they are doing to alleviate poverty in the world by lending affordable loans to people in the world.
My Business
I started business in the year 2010 after having working on contract at the Australian High Commission and after the contract was not renewed I used the money that I was paid to start my business. In my business I sell second hand cloths (mitumba) as they are called in Kenya, I buy at a cheaper price and sell slightly higher, There is demand for Mitumba because they are cheap and of good quality, and when I go to buy I also select the best which attracts my customers most. Most of my customers normally request what they want and I bring them exactly that, so they have remained with me all through and they also bring there friends. The only risk is that some take the cloths on credit and they dont pay on time. my monthly cost is like 500 dollars, sales revenue is like 8 dollars and profit is like 150 dollars per month. The loan that I will get will help me to Increase my stock and my profit will also Increase as well.
Loan Proposal
I am very grateful for this opportunity as it will assist me to achieve my goal of being successful enterprenuer thus with the loan plus my savings I will buy one bale of youth T-shirts which will enable me to diversify my market hence increase in profit.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jan 13, 2015
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Eldred, United States
United States
Ask Benjamin a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.