Bulk purchase of second-hand clothing for my store

Fredrick

Old Sokoni Area (county Council), Kenya

100% repaid

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How it Works

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

Other loans

Jul 2014: $50

Lenders

Vicopisano, Italy

TÄBY, Sweden

Netherlands

Berlin, Germany

Germany

United States

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Fredrick Jan 26, 2015

hi djk moran i know i have a balance to clear i have paid 76% of the loan the balance is 24% which are clear soon have a good time

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Fredrick Jan 9, 2015

my new year has been fine despite some few difficulties which i have been going through but i believe God will see me through and i repay the remaining balance thanks and do have good time

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- djkmoran Jan 25, 2015
  
  Hello Frederick, I hope your difficulties have passed. You are so close to repaying your loan.
  
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djkmoran Jan 9, 2015

Hello Frederick, I hope you are having a happy New Year. I wish you continued success for you and your business.

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Fredrick Dec 4, 2014

hi djkmoran the sickness is nt too much serious and hope he will ge t well soon . and about the business its doing good.thank you

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- djkmoran Dec 7, 2014
  
  Hello Frederick, I am glad that the sickness isn't too serious and happy that business is good for you.
  
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Fredrick Dec 3, 2014

dear lenders i have a sick person who is in hospital who for the time being is admitted for the last three weeks i have to look after him as i have to pay the bills so am requesting to reduce the amount to five hundred shillings. so i can pay the loan and also to pay the bills for that sick person.i will be very glad if you accept my request thanks so much and i look forward from hearing from you.

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- djkmoran Dec 3, 2014
  
  Hello Frederick, thank you for the update. I hope the sickness isn't too serious and that they get well soon. You have my prayers.
  
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bconrad Dec 2, 2014

Dear Lenders,

Due to a data entry error, a payment from Fredrick on November 21st was entered multiple times erroneously. Once this error is fixed in our system, the funds in your lender accounts will decrease accordingly. We apologize for this error and any inconvenience it causes you!

Thank you,
Bayle, Country Liaison Manager

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Fredrick Oct 30, 2014

hi zidisha. i received a message today saying i have not paid my weekly loan on 24 october. i paid my loan 0n that day at around 1 pm and my mpesa no was FW13UC882. i received confirmation on 26 october confirming that the money have been deposited to my account .please check your accounts and let me know if you have confirm

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Fredrick Oct 28, 2014

i got the confirmation message on 24 th october and i must thank zidisha for the funds also the lenders i thank them because the funds have helped me so much as am making more profits and also encourage the borrowers to bid this loans as they are helping so much. thanks so much zidisha

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Fredrick Oct 21, 2014

hi zidisha i have been paying my loan on a weekly basis but the last loan that i paid on 17 october 2014 i have not received a confirmation message to confirm the money have been deposited to my account please help so as the money can be deposited to my account thanks in advance .

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- djkmoran Oct 27, 2014
  
  Hello Frederick, were you able to get confirmation from Zidisha about your payment? I see that you made the following payment:
  Oct 17, 2014 $11.66
  Oct 17, 2014 $0.02
  
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djkmoran Sep 25, 2014

Congratulations Frederick on the 100% funding and I am looking forward to hearing updates regarding your business!

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Fredrick Sep 24, 2014

am so grateful for the opportunity that zidisha has granted me .the funds will play a vital role in expanding my business thus making me to earn more profit. i would also want to thank the lenders and encourage the borrowers to bid this loans as they are helping so much.thanks and thanks again to zidisha.

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djkmoran Sep 23, 2014

Best wishes in your business Frederick!

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A
aliyabe Sep 13, 2014

Thanks for fast repayment! Best luck!

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Fredrick Jul 26, 2014

I am so grateful for this golden financial opportunity that Zidisha organisation has granted to me. The funds will really play a very vital role in expanding my business. i would also want to thank lenders and moreso encourage borrowers to bid this loans for they are helping alot..
Thanks and Thanks again Zidisha

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SeeMeeFi Jul 24, 2014

Hi Fredrick,
It sounds like your new, larger space will help you increase your customers and allow you to buy and display more stock as well! Best wishes in your business!

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