Rent a stall and add stock

Quinter

Kemera, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Quinter

Member since

April 2014

On-time repayments

53 installments • 47%

About Me

Thanks for letting me introduce myself: I am quinter, a single mother of two daughters aged five and eight years, and I am in the secondhand clothes business. I graduated from my o levels back in the year 2003 from a local secondary school and ventured into business after failing to afford a college education in the year 2010. I use my profits both expand my business and fend for my small family as a single young mother. I love listening to music and following up trends on social media during my free time. I am determined to get my life back on track and succeed financially to make the life of my children better.

My Business

I normally travel to the city (Nairobi)’s Gikomba Market to buy cheaper second hand imported clothes which I normally resell here back at my local area. With the rapid growth of population, there has been an increase in demand for basic needs such as clothing. During the past three years that I have been in the second-hand clothes business, I have managed to cut myself a nich’e in the local market as a trustworthy and pocket friendly pricing dealer and in touch with the fashion trends of the youth who are mainly my targets. In a moth, I can make an average of around 50 USD in sales revenue where I take home almost half of this as profits. Due to the high competition, I intend to rent or build a clothes stall and add more stock.since that the clothes sector is favoured by time and season, i got a good advise to start (Airtel Money) and be their agent of which having done many transactions in a month, you can earn double the amount you use as your float

Loan Proposal

I will use the loan to rent a stall and add some stock to my second hand cloth business. This will increase my profits as i spend much to transport clothes to the market. I also intend to open another stall in a nearby market. In future as i will start selling new clothes as some people ask for new ones. Lenders i ask for your funding. Thanks in advance.