Construction of a shop

Ogola

Ogera, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Ogola

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 my loan application is accepted and funded, I will complete constructing my shop that will cost 288USD a shop, I would wish to open a juice palour that shall be run my wife. I have done a feasibility study and realised that the fresh juice business is marketable in my town. I will use the remaining amount plus my savings to buy a freezer, a blender and furniture for smooth running of the shop. I have an expectation of raising 28USD daily from the business.