Inventory for my clothing sales

Gladys

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Gladys

Member since

October 2016

On-time repayments

86 installments  •  50%

About Me

I was born and raised up by a single mother. I couldn't afford proper education but by sheer struggles and determination I vowed never to accept to be bound by chains of poverty. I left the village to a nearby town to try to make a life. I met a friend who introduced me to her line of business( cloth selling). after a few years of working under her I decided to launch my own business using the little money I had saved from my salary. I set up a small cloth shop which I run up to now as a sole proprietor.

My Business

I sell 2nd hand clothes. my goods are very important since I live in a community which is impoverished and can not afford first hand clothes. I am therefore able to a attend to their clothing needs which is a basic human need. I chose this type of business because I had learned a few trade skills in this line from my friend whom I initially worked for. I basically use 30 thousand Kenya shillings to purchase a bale of clothes from an importer after every month. in return I get a profit of 20 thousands after sale of each bale.I use profits raised to restock my business and cater for my family needs.

Loan Proposal

If I successfully raise this loan, I will used the moneys raised to get an inventory for my clothing's sales.This will go a great length into improving my clothing business and meet my customers needs precisely as I will be able to keep an inventory of all my stock.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$22.00

Date disbursed

Oct 25, 2016

Repayment status

On Time

Projected term

2 months

Lenders

Paul Buchheit

Mountain View, United States

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