Selling of second hand clothes

Ogola Clement

Ogera, Kenya

100% repaid

Entrepreneur

Name

Ogola Clement

Member since

May 2014

On-time repayments

175 installments  •  79%

About Me

I am Clement Ogola, live in Ogera village and I am a businessman dealing in second hand clothes, mainly women wears.
I sat for my Kenya Certificate of Secondary Education in the year 2010 at Atemo secondary school. I obtained a mean grade of B-.
Due to lack of school fees to further my education, I started buying kitchen wares at cheaper prices, market and sell them.
I am married and fathering a daughter. So far I have bought three goats with the profit I have made from the business.
I like inspiring fellow youths to live their dreams and believe in themselves.
For the rest of my life,just want to enjoy freedom by being innovative in business field and help create many opportunities for young generation.
I like playing ball games during my free time.

My Business

I do sell second hand clothes commonly refferred to as mitumba in Mbale town. I have a shop where I display my merchandise and have a good sales reputation.I deal in second hand clothes that I source from the wholesalers from the open air market in Nairobi.
I have always encountered a setback due to bad debtors but it most of them nomarlly settle .I make an average of $90 monthly profit.This is after expenses of averagely $60 hare been deducted.My source of income to help me repay the loan shall come from my business which is stable but require expansion to capture more clients.
I`ll ensure I abide by zidisha regulations outlined and repay the loan promptly.
I humbly look forward to your positive response in regard to my application.

Loan Proposal

If I get the second loan from zidisha,I will add more bales of clothes to the current stock. I have always dealt in men's wear but if my loan application is considered, I will give a trial to ladies' wear as well since I have always recieved a high demand for such stuff. I look forward to use the money to purchase building materials to improve the condition of my shop including painting so that the premises may look attractive to the customers.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$294.51

Date disbursed

Nov 10, 2014

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Lender interest: $294.51 at 9.90% annual rate over 6 months = $16.74

Service fee: $6.19

Lenders

valentin

Stockholm, Sweden

Hope2012

United Kingdom

J

jdhowa2

Louisville, KY, United States

H

hilde

seattle, United States

EmilAsker

Lomma, Sweden

F

FilemonInvest

Odense, Denmark

kickerofelves

Sao Paulo, Brazil

borscht

Golden, United States

M

mkellerman

Shanghai, China

Richard Griebe

La Jolla, United States

dlpringle

Denver, United States

G

GanSatya

United States

ColinHicks

Chichester, United Kingdom

W

wesbh89

United States

Mikers

Netherlands

M

MigwiK

Brecht, Belgium

LouisB

ZIDISHA, Mozambique

J

JessicaAna

Maputo, United States

ToddTho

World Wide, United States

LutianaPablo

Rome, Italy

J

JeremyR

United States

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