Moving to the next level

Samuel

Nairobi, Kenya

18% repaid

Entrepreneur

Name

Samuel

Member since

September 2016

On-time repayments

157 installments  •  13%

About Me

i was born in 1972 and have 3 siblings. we grew up in a low income neighbor hood and that's where i started my schooling too. i did my primary school and later went on to secondary. In my late 20's upto late 30's i battled with alcoholism. but i did the 90 day program and have been clean for years.
i came to start my business when i was introduced to selling secondhand clothes by my mum who had done it for sometime. where we live is a peaceful place where everyone has an opportunity to make it.
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My son says he wants to become a doctor but my daughter is still too young.
In my free time i love to work and help people and families suffering from drug and alcohol addiction. It makes me give back the gift of sobriety i got and to show them there is hope and life after addiction.

My Business

I sell second hand clothes from a stall and from home, the demand in these goods is high due to the good quality and cheap price. most low income people can not afford to buy new clothes from the shops and this gives them an opportunity to buy good quality goods at a price they can afford.
My mum had been in this business for a few years before i started and i could see how people struggled to buy clothes to look smart at work , i decided to start offering good, smart office wear at better price than the shops.
the cost of the clothes is low say for every 1000ksh wort of clothes i will make 650ksh.
the profits go to reinvestments mostly. school for children.

Loan Proposal

I want to add my clothes stock by almost half. I I'm starting I new service to deliver clothes to clients so I need to have stock for the shop and for taking round. The loan will also assist with transportation at the start of the delivery service. Some of it will also go to paying for a permit for the door to door vending.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$81.00

Date disbursed

Mar 1, 2017

Repayment status

Late

Projected term

34 months

Lenders

F

flaguy999

Tampa, United States

W

willemsenphilippe

Edegem, Belgium

Janet Merrill Miller

The Mossy Pacific Northwest, United States

PG

Paul Graham

United States

Anonymous

Ocoee, United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

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