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.
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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
Other loans
Lenders
Edegem, Belgium
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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