Stocking second hand shoes and clothes in big volumes

Damaris Wanjiru

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Damaris Wanjiru

Member since

December 2014

On-time repayments

201 installments  •  34%

About Me

My name is Damaris Gathoni Wanjiro from kiambu county in the outskirts of Nairobi. I was born in a family of 8 and I am the third born daughter, I went to school up to secondary school and did not proceed to college due to lack of fees.
Due to finance issues I was unable to raise money for my upkeep and therefore that is when I started working as a sales lady for a second hand cloths shop. I always had a dream of owning my own business and after working for six months armed with $50 savings , I started my own second hand cloths business.
The business picked up well but due to financial constraints and family needs I am always left with very little for expansion.
I come from the Gikuyu community in central Kenya we are reach of culture and the most outstanding is our community traditional dance, we also serve nice and delicious traditional African dishes.
During my free time I like singing and dancing. I am also a social worker and in my free times I attend to children and elderly in there nearby hospital.

My Business

My business entails retail of second hands cloths and shoes . I always do my business in Ruaka Town off Nairobi city towards Kiambu. I sell to my clients affordable second hand cloths.
My target clients are the low income earners, so I always sell them what they can afford. I source my merchandise from Nairobi city . The demand for my cloths is always high because I sell quality products at affordable rates.
In a month my revenues are $250 and my expenses are about $120 so in a month I make profits of $130 .I spend the money on saving for my college fees ,paying fees for my siblings and general family expenses.

Loan Proposal

courtesy of zidisha lenders my business is now established...i would like to expand my business by buying second hand shoes and clothes in bales which will cost about 250$ so that i can target both retail and wholesale clients ...with this my sales my sales volume will increase and hence my profits...this will enable me to sort my bills comfortably and fully support my siblings in their education as am reaching out to the less fortunate in the society since thats my passion.....Thanks zidisha lenders in advance as i await your consideration

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$214.96

Date disbursed

Jul 27, 2015

Repayment status

On Time

Projected term

61 months

Cost to entrepreneur

Service fee: $7.00

Lenders

Paul Buchheit

Mountain View, United States

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