Stock for my second hand clothes selling business

Steven

Ruiru, Kenya

Funds disbursed

$0 to go

100% funded of $90 goal

days left

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How it Works

Entrepreneur

Name

Steven

Member since

January 2015

On-time repayments

53 installments • 64%

About Me

I am 25 years old, and grew up in Kiambu Town in Kiambu county where I attended Primary school in Kiuu River Primary School and proceeded to my secondary school in Mutuini High school Dagoretti Nairobi county. I excelled and joined the University of Nairobi School of Law for my LLB undergraduate degree where I graduated with a second class Honours, upper division.

However this journey was not as smooth, I encountered financial milestones during my schooling and as a result I had to carry out micro businesses of in order to raise the fees, these included planting vegetables and rearing chicken at home.

Kiambu County prides itself with its fertile soil and favorable climate, which is the hub of tea and coffee farming in Kenya , the county also provides a good platform to small scale farmers like me as its huge population and easy access to Nairobi city presents a wide market for the the agri-products.

During my free time i engage in hiking with friends.

My Business

I recently rented a shop which I intend to use as a cereal shop. According to my research, I found a great demand of a cereal shop in Ruiru, Oj connection area as the area comprises of a many restaurants and residential areas thus the market i the area is very high and I would be a monopoly in the sad area.
I would like to purchase stock for the shop and equip it with with one cashier counter. The profits from this shop will help in expanding it as in future I am targeting to have a big supermarket in the area.
I rented the shop from the proceed of my other farming project and some of the proceeds from this shop will expand the farming business and build green houses as the rainy season is affecting the business.
Due to the inconveniences caused by the floods, this business recorded a loss due to the plants getting damaged.
I now am dealing with sale of second hand clothes which is marketable right now since it's cold and I sell trench coats and heavy clothes.
The rest of the profits will go towards payment of my tuition fees for my school.

Loan Proposal

Dear Lenders,
With the loan, I intend to expand my second hand clothes selling business. Since it's a cold and rainy season, I intend to stock up bails of heavy clothing such as trench coats and cardigans. This will generate profit as the season is just right. I intend to sell these at my stall in Ruiru.

The profits from the business will go into renovating the store and paying my tuition fees.

I require three bails of clothes which I am getting at $100.