Recheal

Nakuu, Kenya

100% repaid

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$625.00

Date disbursed

Feb 15, 2011

Repayment status

On Time

Projected term

12 months

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Ask Recheal a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • traciyoshiyama    Feb 12, 2013

    Dear lenders,

    My name is Traci Yoshiyama and I am Zidisha's Client Relationship Manager in Kenya.

    I recently spoke with Ms. Wairimu and she has fully recovered from her operation! Although this is good news, her business has suffered over the past few months. While she was sick, she gave her merchandise to someone to sell upcountry. She has not heard from or seen this person again, losing both her money and her stock. Ms. Wairimu has had to start all over again. Despite this loss, she is still confident that things will pick up.

    I am glad to hear that she is now healthy and back at work. Best of luck to you Ms. Wairimu!

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  • Recheal    Sep 12, 2012

    Hy ms julia, am wairimu. I want to ZIDISHA lender that am not in a position to serves my loan at the moment becouse I am sick. I was having an ECTOPIC and emergece operation was done on 26 AUG 2O12. I am requesting you to give me two month, after that i wil start paying. I will be very happy if you accepet my request. GOD BLESS YOU.

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    • S E C King    Nov 29, 2012

      Dear Mrs Wairimu, I hope that you have now fully recovered from your emergency operation in August. How is your business going?

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  • Bena    Apr 25, 2012

    I also just viewed the interview. I look forward to watching you as you grow and expand your businesses. I think the hardware store is a great idea. Good luck and prosperity.

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  • Eliduc    Apr 25, 2012

    Dear Recheal, I saw the interview with you few minutes ago. I like your shop and your optimistic view into the future! I wish you all the best in your business and personal life!

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  • JLadieu    Apr 25, 2012

    Hi everyone!

    Our Client Relationship Manager met with Recheal a few weeks back. Here is a great video he took outside of Recheal's shop, and an interview he preformed with her! Here is the link: youtu.be/OiVbLNzeKh4

    Log in to reply • Share
  • Something    Feb 19, 2011

    Hope all is going well! Perhaps the unsalable material in the bales could be made into quilts or other items to help increase profit for your store?

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    • Recheal    Mar 25, 2012

      Hi something. I tried out your idea and got positive results. I took some of the unsalable materials to a tailer who converted them to small bags for kindergarden children. with some slight decorations to make them beautiful, they were readily bought. Not much is going to waste. If its not school bags then the same materials are cut into pieces that can wipe tables at homes. Thank you for your idea. By the way i have fully paid my first loan and am just about to apply for another. check my page.

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      • Daniel    Apr 2, 2012

        Hi Recheal -- great idea for making bags for kindergardeners out of used clothes! If you can, would be great if you could post a photo of these. Also, do you know where the bales of used clothes come from?

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        • Recheal    Apr 4, 2012

          Hi Daniel. I will organise for a photoman soon and post the pictures. Bales come with USA labels mostly and Nertherlands labels.

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          • canadianlstan    Apr 13, 2012

            Hi Recheal. Please post photos of the bags that you made! I would love to see what you created.

            Looking forward to it!

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  • Recheal    Feb 18, 2011

    I take this opportunity to thank all those who contributed towards my loan application and well wishers. I promise to demonstrate that i deserved it.

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  • Recheal    Feb 12, 2011

    Thank you so much.Am really encouraged by your contributions. I will not let you down in servicing the loan. God bless.

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  • Recheal    Feb 11, 2011

    Am so far thankful to the zidisha team for their positive response towards my loan application. Its my hope that by date 14 feb, i shall have the full amount and very many friends as heroes in realizing my dream. Am contemplating visiting open air markets outside town during market days in an attempt to add sales. I will inform you about the new move and results with regard to my business.

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  • Recheal    Feb 5, 2011

    Hi jamesBroderick.Thank you for your contribution. Am still working hard so that the full amount of my loan application finds me in the best of times.

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  • Recheal    Feb 3, 2011

    Happy that you are still concerned about me. Am ready to prove that its not in vain that i applied for the loan.

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  • Recheal    Feb 2, 2011

    hi zidisha lenders ,my business is doing fine because form ones are now joining secondary school and they are buying uniforms from my stall.Thank you for your biddings.

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  • Recheal    Jan 29, 2011

    Politics gets dirtier in kenya. That the president did some appointments without consulting his coalation partner P.M Raila is now the big issue in our country. Both the presidents and p.m sides are accusing each other of peddling romours. We as kenyans are waiting with baited breath to see how events unfold esp with regard to the implementation of the new constitution. My hope is that politics will not affect my business.

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  • Recheal    Jan 27, 2011

    hi smonroe i'm impressed by your bidding.back here in kenya we are doing fine besides some parts being hit by drought our goverment have set aside hall a billion kenyan shs to assist people and animals struck by drought.thank you and pass my regards to other zidisha lenders.

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  • Recheal    Jan 26, 2011

    Hi vlerma and CWS thanks for your bidding.im anticipating a great sale during next month since the form one's are joinning the secondary schools.

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  • Recheal    Jan 12, 2011

    Am still doing well in my business and hope that you will soon consider my application for a loan. I have now included second hand bags in my stock to take advantage of their increased demand as schools reopen. Thank you.

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