Selling face-masks, ladies' clothes, and men's shirts
Erick
Kisii, Kenya
100% repaid
Entrepreneur
Name
Erick
Member since
February 2020
On-time repayments
59 installments • 66%
About Me
Am Erick momanyi, I live in kisii Kenya, i went to tendere primary school then completed my secondary education at sameta high school, I got a C at my secondary education but I wasn't able to join college because of financial problems.
I decided to start a small business that would help me save which will allow me further my studies in one of the local colleges here in kisii.
I have passion for business and I'll love to take business management in college.
My Business
I started my business in 2018, the intent of starting this business is to to help me save enough to help me join college by the start of next year, I'll still keep selling the second clothes because I'll be taking evening classes.
I sell second hand clothes in my local market, mostly I deal with men's clothes, Both casual wear and official.
I have been able to build a good clientele which has raised the demand for my clothes, I hope zidisha will help me increase my stock.
Loan Proposal
With this new loan, I would like to get ladies' casual clothing. Mainly, I'm dealing with
men's clothes, but ladies have been requesting that I provide something for them, too.
For this loan of KES 89000, I would split it into parts:
The first bale would be of ladies' dresses, for KES 25000, for approximately 100 to 150 dresses. On average, I can sell a dress at KES 350 to KES 500, making a profit of between KES 10000 to 25000 from this bale.
The second bale would be of ladies' sweatpants, which would cost KES 20000, for approximately 100 pieces. Selling them at KES 300, this would give me a profit of KES 10000.
Then, I would restock men's business shirts. A bale of these shirts would cost me KES 25000, for at least 100 shirts, which I would sell at KES 350 per shirt, earning me a profit of KES 10000.
From the remaining amount of KES 18000, I would use KES 12000 to get half of a bale of men's sweatpants. This would be to add to the remaining stock, so that I would be less likely to run out of stock.
Finally, with KES 6000, I would invest in face masks, to help with the fight against the COVID-19 coronavirus. I intend to resell them at a low price, to ensure that everyone could buy them.
Thanks for being with me and supporting me.
God bless and stay safe.
Income Source
Risk & Revenue Information: With the ongoing COVID-19 pandemic, I had to find a better way to reach my customers. Therefore, I have embraced online selling, and I use social-media platforms to reach more people. I post on Facebook and Twitter, and this has really helped me. I also sell on other sites, such as: Pigiame and Jiji.co.ke. With the measures I have taken, I have been able to increase my sales, and this has ensured that I am able to repay my loan on time.
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EDITOR'S NOTES:
1.) For anyone who may not yet know this, please be aware that although English is an official language in many African countries, English usually *isn't* the first language of
most people in Africa; rather, a tribal language (or two or three or more) usually is/are
the first language(s).
2.) The "Risk & Revenue Information" is submitted separately and, therefore,
doesn't appear in the "Show original English" section, below:
About Me
Am Erick momanyi, I live in kisii Kenya, i went to tendere primary school then completed my secondary education at sameta high school, I got a C at my secondary education but I wasn't able to join college because of financial problems.
I decided to start a small business that would help me save which will allow me further my studies in one of the local colleges here in kisii.
I have passion for business and I'll love to take business management in college.
My Business
I started my business in 2018, the intent of starting this business is to to help me save enough to help me join college by the start of next year, I'll still keep selling the second clothes because I'll be taking evening classes.
I sell second hand clothes in my local market, mostly I deal with men's clothes, Both casual wear and official.
I have been able to build a good clientele which has raised the demand for my clothes, I hope zidisha will help me increase my stock.
Loan Proposal
My new loan project I would like to get ladies casual clothes, mainly am dealing with males clothing but ladies have been requesting I get something for them. For this loan of kes 89000 I will split it into 3 parts, the first bale I will get ladies dresses for kes 25000 with approximately 100 to 150 dresses averagely I can sell a dress at kes 350 to kes 500 making a profit of between kes 10000 to 25000 from this bale.
The second bale will be for ladies sweatpants, this one will cost kes 20000 with approximately 100 pieces, selling them at kes 300 this will give me a profit of kes 10000.
Then I will restock male official shirts, this bale will cost me kes 25000 with at least 100 shirts which I I will sell at kes 350 per shirt earning me a profit of kes 10000.
The remaining amount of kes 18000,i will use kes 12000 to get half bale for men sweatpants this will be to add to the remaining stock that way I do not run out of stock.
Finally with the kes 6000 I will invest that in facial masks, this to help with the fight with covid 19, I intend to resale them at a cheaper price to ensure everyone can get it.
Thanks for being with me and supporting me. God bless and stay safe.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$877.00
Date disbursed
Jul 29, 2020
Repayment status
On Time
Projected term
5 months
Lenders
United States
Houston, United States
Washington State, United States
Markham, Canada
Saint Paul, United States
Italy
Ask Erick a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Margaret Jul 7, 2020
Ray Jun 22, 2020
Victoria Alleyne Jun 22, 2020
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