Selling second hand clothes

Jared

Meru, Kenya

100% repaid

Entrepreneur

Name

Jared

Member since

January 2016

On-time repayments

96 installments  •  40%

About Me

My name is Jared Getange Bosire aged 24 years.I was born in Kisii county and studied in the same background.My primary education started in Eronge primary school from where I sat my Kenya certificate of primary education in 2004 and joined Itibo Boys High school.

In my four year course at Itibo Boys, I was able to attain a university entry grade in 2008 which saw me join Moi University to study Bachelor of commerce and finally my graduation from the same institution in 2012.
During my education I underwent through a series of challenges the most disturbing one being financial hardship.My parents were paying fees for three children in school and it wasnt that easy.
I was determied to work extra hard and sometimes go without a mea so that i could balance my survival with what i had for survival in terms of money.
Startimg my own means of income generation was the only idea that stood my way but still i lacked startup capital. I talked to a friend who loaned me some cash which enabled me to start selling scratch cards to fellow university students albeit at a low profit.Knowing that Rome wasn't built in a day as they say,I kept on saving a little and finally was able to buy a digital camera, a business that opened a way for more reasonable income.This helped me clear the loan owed to my colleague and later on started selling second hand clothing and shoes a business that still want to expand.
Meru is uniquely known for its evergreen environment and banana farming and also a famous plant known as Miraa.It also offers an easy access to Mount Kenya.
I love singing and meeting new people.I would like my children to grow up and become focused in creating new things for the benefit of humanity.

My Business

I sell second hand clothes to individuals residing within the town and partially take photos in events.

\My customers are diversified since this is a town.We have a category of old people,working class and the students learning in various institutions within this town.
These clothes are in demand as people find them cheaper and long lasting.
I chose this business as it offers me an opportunity to sell to people cheaply what can be referred to as a basic human needs;clothing.
The business incurs cost of rented space,electricity since i sell up to late night and water.
I use the profits to pay for my rent,pay may part time employee and pay for my fees in a course that I am currently undertaking.

Loan Proposal

I will use the the loan to buy more second hand clothes and shoes whose price is distributed as follows.

1.20 pairs of second lady shoes @ksh 3.5 USD =70 USD
2.1 bale of second hand clothes@35 USD
The acquisition of these items will have a significant impact to my customers who are looking for a variety of items to choose from.
This will also add to my stock and increase my profits significantly.
The face of my business will improve and thus I will be able to contribute positively to the economy.Cash obtained will also create employment for my workers.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 3, 2016

Repayment status

On Time

Projected term

22 months

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