Increasing second hand clothes stock

Gedion

Kasarani, Nairobi, Kenya

Expired

$1 to go

0% funded of $1 goal

0

days left

Entrepreneur

Name

Gedion

Member since

March 2015

On-time repayments

93 installments  •  68%

About Me

I was raised in the rural areas of Kisumu county in Kenya. I lived with my parents who were both local primary school teachers. I attended a village primary school called Ochok Kadongo. Though life was hard i did well in the final national exams and was thereafter called to a national high school, Maseno School which was a great achievement for me. I then passed and studied Mechanical Engineering in Kenyatta University under government sponsorship. I finished my studies in 2012. My father passed on in 2012 just before I completed the final semester. I tried looking for a job to fend for my other siblings since I was the first born in a family of five. The jobs were not forth coming so a friend introduced me to freelance academic writing that i nowadays do. One of my hobbies is talking to high school students to encourage and motivate the weak ones.

My Business

I do freelance academic writing. It is a very reliable job because you earn as much as you work. It is like self-employment hence you can set your own targets. I usually make around Ksh. 4,500 in a week. That typically translates to Ksh.18,000 which is a good amount to earn. One of the major costs i incur is the internet which can cost about Ksh.1500 in a month. I pay electricity bills of about Ksh.600 monthly.Another impediment is related to frequent power blackouts that interrupt my speed to meet my targets. I chose this business because it is easier to do and while am online, i also get an opportunity to apply for jobs. The money I get caters for my upkeep as it pays my bills. I send some money monthly home to my mother to help raise my other siblings and add to their school fees. The other thing is that i use it to do short professional courses that can improve my chances of being employed. Even if i get a job, i will not quit freelance writing because it will be my side hustle.

Loan Proposal

I will increase the stock of my second hand clothes business for 50USD. This will increase my weekly profit by 10USD

Feedback

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Loan Info

Project Type

Classic Loan

Amount requested

$1.00

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