Mending and reselling second-hand clothes

Ruth Kwamboka

Kisii, Kenya

Funds disbursed

$0 to go

100% funded of $383 goal

0

days left

Entrepreneur

Name

Ruth Kwamboka

Member since

February 2015

On-time repayments

57 installments  •  28%

About Me

About me.Hallo.Im called Ruth Kwamboka.I was born in 1989 we are eight in our family,and im the last born.I was born in kisii district but im married in Nyamira district.The name kwamboka it means that my mother was crossing the road,then i was born beside the road.Nyamira is an highland area the most crop which is growing are tea leaves and banana.most familys are farmers,i started my education at mochengo primary school and joined mochengo secondary school.After completing i continued to Eldoret school of business management.There before i said im married with two children the first one in class two want to be ateacher.My interest in business started after finishing my collage i stayed at home without job,i told my mother to sell one cow so that i can get acapital to start the business.I started selling second handcloths.

My Business

My business.I sell second handcloths most of them are for ladies.I have been in the business for one year,i sell my cloths to the people around the village some of them are poor so they go for cheap cloths.the cloths are cheap so the demand is high you get acloth with 2dollars.I choose this business because it was cheap to start and also they dont need more space.I sell beside the road i only pay for licence which is 20 dollars per year i also pay store man 5 dollars per month.my profit is 250 dollar per month i buy food for my family it cost 40dollars per month i also pay school fees for my child 10 dollars per month.Im planning to expand my business to other towns and employ more youths who dont have jobs

Loan Proposal

Dear lenders
Once more let me pass my regards to you all. It's because of your effort that I have become successful.

This is my third loan I am applying with hopes that you will lend me. i have discovered the secret of business is to have enough stock.

I usually sell ladies wear and this round if I get the loan I am going to pumb all the money to the stock.

I always purchase one cloth for 2 dollars that means if I get the loan I will buy 190 pieces of cloth. In total it will cost 380 dollars the rest of the money remaining I will use to iron the clothes.

Already I have opened another stall so this stock I will take it there. I have already employed someone to sell for me. The benefit is I have already created source of employment to someone.

I hope of making profit which will benefit me and my family because I will be able to repay back the loan, pay rent, buy food, clothes and educate my family. I will also save for future use.

I hope my request will be taken into consideration.

Yours Faithfully,

Ruth Kwamboka

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Loan Info

Project Type

Classic Loan

Disbursed amount

$381.16

Date disbursed

Sep 29, 2015

Repayment status

Late

Projected term

9 months

Cost to entrepreneur

Service fee: $15.83

Lenders

C

Cblodgett

Zurich, Switzerland

M

marvin24

Giessen, Germany

C

Christian

Saarbruecken, Germany

Elinor

Maple Lake, MN, United States

MarktheMormon

Sandy, Utah, United States

Scott

Oregon, United States

johnandmoliehi

Canton, New York, United States

Zidisha

Sterling, United States

A

anonymous123

United States

G

graememoss

Amsterdam, Netherlands

cmahoney

Chadds Ford, United States

Ellwood

Wimborne, United Kingdom

T

tjgiving

Oakland, United States

Bobrm2k3

Charleston, United States

M

marcmesich

Kaohsiung, Taiwan

A

Andrii

Kiev, Ukraine

stever

Cape Coral, United States

L

Lolababalola

Ames, United States

M

marki

NY, Turkey

B

BMcDermott

Washington, DC, United States

M

Mystery15

Winnipeg, Canada

mygueye

Montreal, Canada

M

martyb

United States

Z

zvrk2014

Brookline, MA, United States

D

dregier

Ozark, MO, United States

A

axienjii

Amsterdam, United Kingdom

AllieJ

Camberwell, Australia

PDXLender

Portland, United States

J

JeffH

United States

S

Samhall8

Brandon, Canada

B

bigMo

United States

T

tmarkus

Netherlands

M

Manley

Windermere, United States

WiscoHorndog

United States

TyrynyRed

United States

B

Bennphoto

United Kingdom

D

ddm08

United States

Y

Yanque

Madrid, Spain

gugudu

Austria

J

JohnFord

Australia

Kyle Hoback

Jersey City, NJ, United States

R

ross22

United States

K

Kelly729

United States

SK

Sebastian Krohn

Amsterdam, Netherlands

Becky Thompson

Leeds, United Kingdom

Issy

United Kingdom

Villa Maria Outliers

Montreal, Canada

PV

Patrick van der Meer

MANTGUM, Netherlands

Anne Randt

United States

Elias

Ulm, Germany

A

Alan

United Kingdom

Paul

Auckland, New Zealand

W

Wade

United States

C

Chitti421

United States

Yustian Hartono

Singapore, Singapore

E

erica

antwerpen, Belgium

V

Vivek

Arlington, VA, United States

Paul

Seattle, United States

JD

Jeff DePree

United States

Oliver Hasenberg

Iserlohn, Germany

N

Nina

United States

Marcus M

San Antonio, Texas, United States

LM

Leonardo Monteiro

Oporto Portugal, Portugal

Cristina Huesch

Canberra, Australia, Australia

RM

Robert Mulley

United States

BB

Ben Bellows

United States

Corina King

Calgary, Canada

B

Brent

United States

DC

Dan Crosby

United States

Martin Nielsen

Aarhus, Denmark

M

Mart

United Kingdom

Mattie Shaw

Seattle, United States

JR

Jeffrey Rosen

United States

McKenzie Dodge

Oregon, United States

Brad Schilling

Bunbury, Australia

NB

Nancy Biasca

United States

EF

Eddie Flores

NYC, United States

A

Andrei

United States

EB

Ellen Batten

Kalamazoo, Michigan, United States

P

Patrick

Australia

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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