Second-hand children's clothes and shoes sales
Sebastian
Lusaka, Zambia
$0 to go
100% funded of $131 goal
0
days left
Entrepreneur
Name
Sebastian
Member since
December 2020
On-time repayments
17 installments • 18%
About Me
I am a young male double orphan who has been interested in running my own small business ever since I was a child. I started selling phone accessories immediately after High School and eventually ventured into phone repairs. However, with the need to raise more money for my Technical Trades education, I decided to go into selling secondhand clothes and specifically children's clothes and shoes which seemed to be on more demand. My desire to work very hard and be financially sustainable in order to meet my career goals has been my main driving force and motivation.
My Business
My business involves selling of secondhand clothes and shoes for children at a market stall and I also deliver the merchandize to specific customers within a certain radius of the market who want to do business in the comfort of their homes. The bales of children's clothes and shoes are usually bought once every 3-4 weeks and can last a week or two before I order some more. The demand for children's secondhand clothes has grown because things have become too expensive for many households due to the economic downturn and the impact of COVID-19 pandemic. The need for expanding the business is therefore very urgent
Loan Proposal
The loan will be used to pay for new inventory in the form of a bale each of children's secondhand clothes and shoes. This will further increase my stock of goods and bring me more revenue and profits for servicing the loan and for expanding my business.
Income Source
I will earn the money to pay this loan by increasing my deliveries of goods to my regular customers to their homes and work places in order to get a higher price for my products. I will also divert some money from my high value vegetable production business to help service the loan if revenues and profits from this business are not enough.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$131.00
Date disbursed
Feb 4, 2021
Repayment status
Late
Projected term
3 months
Other loans
Lenders
Switzerland
Germany
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