Zidisha |

Recheal

Nakuu, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Recheal

Member since

November 2010

On-time repayments

30 installments • 40%

About Me

Am married to Antony chege. We hope to have our first born mid next year. We live in a rented house in Nakuru town. I pursued my education up to form four and was awarded a certificate. I ventured in to business in the 2005. I have been retailing second hand clothes specifically beddings and towels. Initially i was only to buy three bales of this items. I would then open it display each item for sale at my stall in Nakuru town. Today i can afford to buy five bales. Each bale costs sh7000 and can earn a revenue of about sh12000. Basically, a bale may take a week to be wholly bought. In a month am able to sell 5 bales earning a profit of between sh20000 to 25000 depending on the quality on the items i find in a bale. The biggest challenge in my business is finding unretailable items inside a bale yet no refunds can be given by the seller. My stall is located at a street junction which and is the first among many lining up down the road. Customer normolly would check an item in my stall beforre they proceed downwards. I complement their loyalty by offering high quality items at good prices.

NEED FOR A LOAN
I intend to, given finances, expand my business further and start selling bales to reduce the risk of finding unretailable items in bales. Each bale in the markets on the outskirts of the town can be sold at sh 10000 leaving profit of sh3000. I would wish to begin this expansion with a loan of sh50000.

My Business

My business is in nakuru town within the Central business district. I run in my own stall.Every other day its awash with beddings (bed covers and mattress covers) and towels of all colours and sizes.

Loan Proposal

I intend to, given finances, expand my business further and start selling bales to reduce the risk of finding unretailable items in bales. Each bale in the markets on the outskirts of the town can be sold at sh 10000 leaving profit of sh3000. I would wish to begin this expansion with a loan of sh50000.