Bulk purchase of second-hand clothing for my store

Fredrick

Old Sokoni Area (county Council), Kenya

100% repaid

Entrepreneur

Name

Fredrick

Member since

July 2014

On-time repayments

24 installments  •  88%

About Me

I am a young gentleman ,being the fifth born in a family of 6 children. I am a Kenyan resident of Naivasha town in Nakuru county,90km from Nairobi city.
I am a business man,dealing with second hand apparels as well as shoes.
Due to dense population growth that has been in Naivasha as a result flower farm located in the area, there has been a vast demand of second hand clothes due to their affordability as a result of low income earning.This has has inspired me to invest on the same and as a result i have been able to create more clientele and i end up making profits. I am self employed as opportunities for formal employment are limited and apparels provide a steady from of income that will sustain me.

My Business

I am a second hand apparel dealer, due to dense population growth that has been in Naivasha as a result flower farm located in the area, there has been a vast demand of second hand clothes due to their affordability as a result of their low income earning.This has has inspired me to invest on the same and as a result i have been able to create more clientele and i end up making profits i have plans to grow the business to increase the clientele.currently i do deal in ladys' tops, jeans and shoes.
My business location is behind the Laikipia university college (Naivasha Campus),thus affording me a steady stream of customers all throughout the year.
I am certain due to the particular items on offer and with a reference to my price point,customers will always be making purchases from my shop.
From the business i manage to meet my monthly expenses,both for the shop as well as my rented residence. Therefore any financial channeled into this investment will for sure yield more profits

Loan Proposal

Dear lenders, I thank you very much for having supported me with my first loan. It helped me very much in my business and I was able to repay it in time and I made some good profits out of it. With this new loan I wish to purchase ladies jackets and shirts for gents. I did some research and discovered there is demand for these wares. Of the total amount of $100 I will for ladies ware and $50 for gents shirts. I hope to be making profits within three months and I shall be able to service my loan accordingly with the income from my current business. I hope that I will be able to be supported again.Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$149.00

Date disbursed

Sep 23, 2014

Repayment status

On Time

Projected term

4 months

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