Second hand clothes, bed sheets, kid dresses & boys trousers

Muinde Musau

Athi River, Kenya

20% repaid

Entrepreneur

Name

Muinde Musau

Member since

January 2016

On-time repayments

238 installments  •  21%

About Me

I am married and blessed with five Children. I came to think about business because I was employed but the salary I was earning was not enough with the many problems of school fees etc. I started selling vegetable which never succeeded. 10 years ago I started selling livestock and later changed to Second Hand Clothes. The profit I got I used part of it for our needs and the rest went back to the business. This has kept us going up to now. The unique thing about land in Machakos is very fertile but no rains. With time when I get money I wish to have a borehole and do irrigation. My children want to do farming when they grow up.

My Business

The Business of Selling Livestock is in big demand because people need meat. This is because they are in high demand. A cow cost about Kshs. 10,000.00 ($115) depending with the town.

I get profit of about 50% which helps us in our daily expenses and also reinvest in the business. After selling the first bale I managed to construct a small kiosk outside a house as I can’t afford to pay rent for a shop.

Loan Proposal

I wish to change my business from a butchery to sale second hand clothes, bed sheets
etc.

As the business of second clothes is booming I hope to benefit alot and be able
to educate my children.

I expect a profit of 50% which will also enable me to repay the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$222.01

Date disbursed

Apr 22, 2016

Repayment status

Late

Projected term

53 months

Cost to entrepreneur

Service fee: $9.14

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