More stock of clothes to sell

Christine

Mombasa, Kenya

100% repaid

Follow Christine

How it Works

Entrepreneur

Name

Christine

Member since

May 2017

On-time repayments

80 installments • 50%

About Me

My name is Christine Kendi. I am a single mother taking care of my three kids - two boys and a girl. They are all in school and yet to figure out what they want to do in future.

I was born in a place called Meru and people there are farmers. They normally grow food crops such as maize and beans as well as cash crops like tea. I grew up there and went to the local schools. I moved to Mombasa after my secondary education where I am still living with my relatives.

My Business

My business deals with buying and selling of second hand clothes. I normally sell them to people who live around my estate. I have done this work for about 5 years and I hope to open a big clothes store in future.

My monthly income from this business is about USD 200 and this is what I use to sustain my family. I hope to keep increasing my stock so as to realize more profit because my needs are growing fast.

Loan Proposal

I will use the money to buy more stock of clothes. I need to boost my stock of men's wear since they are in high demand for now. This is likely to continue till the end of the year and I want to take full advantage of this peak season.

I will buy a dozen (used) trousers and the same number of shirts all at a cost of USD 68. I hope to make a profit of about USD 30 from this new stock. I will use the income to boost my stock further while still repaying this loan.

Thanks.