Increase my Stock of Second Hand Clothes

Regina Mary

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Regina Mary

Member since

January 2015

On-time repayments

289 installments • 80%

About Me

I’m the second born in a family of eight. Since my parents didn't have enough money to pay school fees for all of us, I didn't advance much in education as I was forced by the circumstances to do odd jobs to support my younger brothers and sisters. I was employed as a tea girl in a local primary school and it’s from that job that I saved some capital that helped me start my current business of selling second hand clothes. I would want to see my children grow to become successful people who shall make a difference in other people’s lives. Besides working, I love taking a nature walk, meeting new friends and reading magazines during my free time.

My Business

My business involves selling of both new and second hand clothes for women and children. Initially I started with selling the second hand clothes only, since majority of the citizens are not able to afford new clothes but still need to look decent in their outfit. Currently, I’m also selling brand new clothes, since demand for them is slowly increasing as the purchasing power of my customers increase. It’s also an open secret that women are the highest buyers of clothes, as opposed to men. In a typical day, my incomes ranges between 20$ to 30$, and I set aside 7$ each day, to cater for my running expenses like rent for the shop, transport, lunch and several other expenses. This leaves me with between 16$ to 23$ which helps me to cater for other needs like providing food for my family, paying rent for our house, paying school fees, expanding my business and also extend a hand of help to the more needy like the kids in children homes.

Loan Proposal

I intend to use the loan given to improve my stock, to start selling men’s clothes to enable me capture a wider market and in the end realize more profits. Later on as the business grows, I intend to be importing my own stock in order to increase the profit margin and open other branches and create employment to other citizens as well.