Increase inventory for my school uniform business to support my charity school

Charles Owino

Nairobi City, Kenya

52% repaid

Entrepreneur

Name

Charles Owino

Member since

June 2014

On-time repayments

108 installments  •  59%

About Me

I grew up in a remote village in Western Kenya along the shores of Lake Victoria.I was involved in child labour since I started fishing at a tender age of 6,this was because I was an orphan. Through my perseverance and community support managed to go to school and overcome all these. I started this business because I also wanted to give back community and that is why I chose school business and currently there are 40 orphans and vulnerable who are learning at the centre free of charge ,we managed to register 20 this year 2015.
Kayole being in a city has almost all the communities in Kenya with diverse culture, I would like my children to do community work in future and I like watching football and I am the most loyal supporter of Chelsea Football Club in Kenya.

My Business

I do two businesses in one; I provide services in form of education and also sell school uniforms to the children at the school and others in the community. The uniforms are in high demand when the year starts since most of the children will be in need of new school uniform and others might have changed school. I choose this business because it is a long term business since children are born daily and clothing in a basic need and education is also important. A full school uniform cost $ 8 and can be sold @ $ 12.The profits are ploughed back to the business to expand it and also support the orphans and vulnerable children at the centre.

Loan Proposal

I will use the loan to purchase more shirts,sweaters,truck suits,trousers,socks and printing of some uniforms.I will specifically purchase 10 truck suits @$80,20 sweaters @$80,20 ,6 dozens of socks $60,20 [email protected]$ 80.I will use the remaining amount for painting of the room and printing of trucks.It is appreciated that from the sales of trucks $30,I will a profit of $30,sweaters $30,trousers $20.The stocks will be sold in approximately 2-3 weeks then another batch will be procured and sold.

Feedback

3

None

1



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Loan Info

Project Type

Classic Loan

Disbursed amount

$440.00

Date disbursed

Mar 7, 2016

Repayment status

Late

Projected term

12 months

Cost to entrepreneur

Service fee: $18.15

Charles opted to pay $107.96 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

johnfay

Lusaka, Zambia, South Africa

J

Jason

New Jersey, United States

AltruisticSelfishnes

Chicago, United States

Hope2012

United Kingdom

Vanamo

Helsinki, Finland

J

jasonbronowitz

Tempe, United States

Sundstroms

Falun, Sweden

ads68

Melbourne, Australia

N

Nassara1

Evergem, Belgium

E

eirccharrie

Cupertino, United States

H

hchsmicroloans

New York, United States

U

UmSaeed

Southfield, United States

A

amnesiac

Adelaide, Australia

Alina

Amsterdam, Netherlands

A

Aaron

Zurich, Switzerland

H

hivervan

watou, Belgium

Ingela

Falun, Sweden

Sunnyside

Stafford, United Kingdom

L

lilbsedz

Raleigh, United States

Vla911

Milan, Italy

jhealy87

Silver Spring, United States

R

rebdhen

Louisville, United States

davidt

San Francisco, United States

S

solarkismet

Logan, United States

A

acolomitchi

Eynesbury, Australia

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

J

jocke

Stockholm, United States

A

AndrewC

London, United Kingdom

M

MHarrison

Bristol, United Kingdom

J

johneaton

Ludlow, MA, United States

HernanB

Berlin, Germany

R

rosebo

Bend, United States

G

Gdrvasc

Frederick, United States

Freewolf

Salt Lake City, United States

M

markus61

cologne, Germany

S

samthewill

Winterthur, Switzerland

S

svt19

Toronto, Canada

I

ingredion00

Indianapolis, United States

M

mibrahim51

Mountain View, United States

E

emilyeaton

New York, United States

K

ksiebrandt

Omaha, United States

M

mueba

Frankfurt, Germany

A

akshu71

Ottawa, Canada

D

dj9812

United States

M

Morgan1301

United States

L

liseman

United States

G

grogzoid

United States

E

elhh82

Petaling Jaya, Malaysia

R

robcarslake

London, United Kingdom

J

jake7705

Wilsonville, United States

K

Kramer91

Kamerik, Netherlands

P

Peaches

United States

M

Mcohan21

United States

D

ducks127

United States

A

adiipienaar

South Africa

L

lfender6445

United States

jonnyhj

Stockholm, Sweden

R

Reiners

Australia

M

meiyiz

United States

W

wyogirl

United States

D

diamatta

United States

A

ATMiller

United States

S

salonasante

United States

N

Nekochan26

United States

J

Jrung

United States

P

pkoy04

United States

S

sarah4d2

Saint Louis, United States

C

cathyu2crazy

United States

H

hedyeyre

United States

S

simonthompson99

United Kingdom

S

Sophia20450

United States

AndrewNeu

Ho Chi Minh, Vietnam

fang

United States

D

dh1423

United States

H

harriet

United Kingdom

SuperMario28

Cudahy, United States

melissapmeier

United States

Karijn

Amsterdam, Netherlands

MW

Matt Willis

United States

Thomas

Basel, Switzerland

LJ

United States

Corina King

Calgary, Canada

KM

Keir M

London, United Kingdom

Diego

Monza, Italy

Elise E

United States

kt

Brush Prairie, United States

roark22

Geneva, Switzerland

Jes-c

United States

JB

James Brooks

United Kingdom

P

Peggy

United States

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