Sale of second-hand clothes (Mitumba business)
Anthony
Rongai, Nairobi, Kenya
100% repaid
Entrepreneur
Name
Anthony
Member since
February 2015
On-time repayments
254 installments • 34%
About Me
I am a 27 year old Kenyan, born in Kilifi County, within the Coastal province of Kenya.
I am the second-last borne in a family of 5 siblings; having been single parented since I was 10 years old; following the death of our father in the year 2001. My father was the bread winner of the family. After his demise, it was difficult for my mother to cater for each one of us. I acquired my primary and high school education in a local government schools with critical hardships. A year after I finished my Secondary school, it was even harder for my aging mother to cater for my college education. I then opted to stay with a friend to my brother living in Rongai, Nairobi who had offered to accommodate me in his premises as an assistant clothe salesman.
I worked for him for 3 years since 2009 and it was in 2012 where he gave me a loan of KSH 10000 (USD 112) to start up my own stall for clothe sales. By January 2013 I had saved enough money to start up my college education in Nairobi. I recall to have successfully relied on Zidisha loan to expand my start up while I was a third year in college because of the business that I started up then. My experience with Zidisha was the best thing that ever happened to my life; and was particularly helpful support from lenders in zidisha who made it possible. The disbursement from Zidisha assisted me administrative and expansion costs for my business. I was able to maximize profit which in turn helped me in reducing the cost of tuition and life generally.
I am now a teacher in a local primary school in Kilifi County. My mtumba (-second hand clothes) business is still running and I am currently adding another venture in keeping broilers for commercial purposes. I have been in touch with local experts who continue to advise me on best practice.
My Business
My project is on clothing sale. Having been mentored by a business associate, i have developed a good clientele but have now set off my own independent clothing sale business at the moment.
Ongata Rongai being a developing town in the precincts of Nairobi City with an increase in its population every single day, it provides a very wide market for my clothing business as is widely understood that second hand clothes have a wide market in Kenya.
The main reason as to why I started this business is owing to my previous engagement in the clothing industry and having identified the growing need for the clothes in the area, I believe that my stall will continue to meet this growing demand.
The whole business is currently worth KSHS 25,000 (Approximately USD250), This include the stall and the current stock. With this amount I am able to make a profit of at least KSHS 15,000 per month(USD150).
I intend to expand the capital base to at least KSHS 30,000(USD 300) with which I trust and am confident enough that the revenue will increase to KSHS 22,500 (USD 225). It is with notion that I wish to advance a loan from zidisha online lending and enable me expand this business and be able to meet the market demand which is increasing every day in RONGAI and its environs.
I intend to use the revenue from the business to reinvest it in my business in order by the end of the year I will operating with a capital base of more than KSHS 200,000 (USD 2000) of which my predictions are that by next year teh revenue would be more than KSHS 100,000(USD 1,000).
This will enable me expand in my business as well as education support.
Loan Proposal
Introduction
Current business status
Capital Base...........................................................Ksh. 40,000/- ($ 400).
Gross Profit per month..................................Ksh. 31,000/- ($310).
Rent per month...................................................Ksh. 7,500/- ($75).
Net Profit per moth.........................................Ksh. 23,500/- ($235).
The money available for extra purchase of clothe bales as at now is a total of Ksh. 20,000/- plus the prospective Zidisha loan of $ 80.
Money available thus is= $ 200 + $ 80 = $ 280 (Ksh 28,000/-).
One bale purchase price for women clothes costs=Ksh 1,200 ($12).
Throughout my sales, I have established that it’s mostly women garments and undergarments and a children clothing that earn most dividends. I intend to focus my sales on this and get more clothing bales targeting this group of customers.
I therefore intend to use the $ 280 to purchase at least 23 bales of clothe for my current stock.
Expectations
With this stock in place, I expect to have a gross profit of about $ 50 in a period of approximately 3 months.
Feedback
Positive
1
Neutral
None
Negative
1
Loan Info
Project Type
Classic Loan
Disbursed amount
$210.00
Date disbursed
Feb 23, 2016
Repayment status
On Time
Projected term
43 months
Other loans
Lenders
United States
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Summary
Amount repaid
$220.50
Amount remaining
$0.00
Date repaid
Nov 9, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 6, 2016 | $3.01 | Mar 6, 2016 | $3.01 |
| Mar 13, 2016 | $3.01 | Mar 6, 2016 | $0.50 |
| Mar 13, 2016 | $2.51 | ||
| Mar 20, 2016 | $3.01 | Mar 20, 2016 | $3.01 |
| Mar 27, 2016 | $3.01 | Mar 29, 2016 | $3.01 |
| Apr 3, 2016 | $3.01 | Apr 3, 2016 | $3.01 |
| Apr 10, 2016 | $3.01 | Apr 11, 2016 | $3.01 |
| Apr 17, 2016 | $3.01 | Apr 25, 2016 | $3.01 |
| Apr 24, 2016 | $3.01 | May 6, 2016 | $3.01 |
| May 1, 2016 | $3.01 | May 6, 2016 | $3.01 |
| May 8, 2016 | $3.01 | May 17, 2016 | $3.01 |
| May 15, 2016 | $3.01 | May 27, 2016 | $3.01 |
| May 22, 2016 | $3.01 | Jun 4, 2016 | $3.01 |
| May 29, 2016 | $3.01 | Jun 5, 2016 | $3.01 |
| Jun 5, 2016 | $3.01 | Jun 7, 2016 | $3.01 |
| Jun 12, 2016 | $3.01 | Jun 22, 2016 | $3.01 |
| Jun 19, 2016 | $3.01 | Jun 26, 2016 | $3.01 |
| Jun 26, 2016 | $3.01 | Jul 2, 2016 | $3.01 |
| Jul 3, 2016 | $3.01 | Jul 11, 2016 | $3.01 |
| Jul 10, 2016 | $0.00 | ||
| Jul 17, 2016 | $0.00 | ||
| Jul 24, 2016 | $1.00 | Jul 22, 2016 | $1.00 |
| Jul 31, 2016 | $1.00 | Aug 2, 2016 | $1.00 |
| Aug 7, 2016 | $1.00 | Aug 8, 2016 | $1.00 |
| Aug 14, 2016 | $1.00 | Aug 20, 2016 | $1.00 |
| Aug 21, 2016 | $1.00 | Sep 3, 2016 | $1.00 |
| Aug 28, 2016 | $1.00 | Sep 15, 2016 | $1.00 |
| Sep 4, 2016 | $1.00 | Sep 15, 2016 | $1.00 |
| Sep 11, 2016 | $1.00 | Sep 15, 2016 | $1.00 |
| Sep 18, 2016 | $1.00 | Sep 17, 2016 | $1.00 |
| Sep 25, 2016 | $1.00 | Sep 17, 2016 | $1.00 |
| Oct 2, 2016 | $1.00 | Oct 31, 2018 | $1.00 |
| Oct 9, 2016 | $1.00 | Oct 31, 2018 | $1.00 |
| Oct 16, 2016 | $1.00 | Oct 31, 2018 | $1.00 |
| Oct 23, 2016 | $1.00 | Oct 31, 2018 | $1.00 |
| Oct 30, 2016 | $1.00 | Oct 31, 2018 | $1.00 |
| Nov 6, 2016 | $1.00 | Oct 31, 2018 | $1.00 |
| Nov 13, 2016 | $1.00 | Oct 31, 2018 | $1.00 |
| Nov 20, 2016 | $1.00 | Oct 31, 2018 | $1.00 |
| Nov 27, 2016 | $1.00 | Oct 31, 2018 | $1.00 |
| Dec 4, 2016 | $1.00 | Oct 31, 2018 | $1.00 |
| Dec 11, 2016 | $1.00 | Oct 31, 2018 | $1.00 |
| Dec 18, 2016 | $1.00 | Oct 31, 2018 | $1.00 |
| Dec 25, 2016 | $1.00 | Oct 31, 2018 | $1.00 |
| Jan 1, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Jan 8, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Jan 15, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Jan 22, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Jan 29, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Feb 5, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Feb 12, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Feb 19, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Feb 26, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Mar 5, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Mar 12, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Mar 19, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Mar 26, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Apr 2, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Apr 9, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Apr 16, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Apr 23, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Apr 30, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| May 7, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| May 14, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| May 21, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| May 28, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Jun 4, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Jun 11, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Jun 18, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Jun 25, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Jul 2, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Jul 9, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Jul 16, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Jul 23, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Jul 30, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Aug 6, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Aug 13, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Aug 20, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Aug 27, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Sep 3, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Sep 10, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Sep 17, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Sep 24, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Oct 1, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Oct 8, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Oct 15, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Oct 22, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Oct 29, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Nov 5, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Nov 12, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Nov 19, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Nov 26, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Dec 3, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Dec 10, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Dec 17, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Dec 24, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Dec 31, 2017 | $1.00 | Oct 31, 2018 | $1.00 |
| Jan 7, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Jan 14, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Jan 21, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Jan 28, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Feb 4, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Feb 11, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Feb 18, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Feb 25, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Mar 4, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Mar 11, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Mar 18, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Mar 25, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Apr 1, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Apr 8, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Apr 15, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Apr 22, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Apr 29, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| May 6, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| May 13, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| May 20, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| May 27, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Jun 3, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Jun 10, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Jun 17, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Jun 24, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Jul 1, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Jul 8, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Jul 15, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Jul 22, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Jul 29, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Aug 5, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Aug 12, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Aug 19, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Aug 26, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Sep 2, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Sep 9, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Sep 16, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Sep 23, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Sep 30, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Oct 7, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Oct 14, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Oct 21, 2018 | $1.00 | Oct 31, 2018 | $1.00 |
| Oct 28, 2018 | $1.00 | Nov 3, 2018 | $1.00 |
| Nov 4, 2018 | $1.00 | Nov 3, 2018 | $1.00 |
| Nov 11, 2018 | $1.00 | Nov 3, 2018 | $1.00 |
| Nov 18, 2018 | $1.00 | Nov 3, 2018 | $1.00 |
| Nov 25, 2018 | $1.00 | Nov 3, 2018 | $1.00 |
| Dec 2, 2018 | $1.00 | Nov 3, 2018 | $1.00 |
| Dec 9, 2018 | $1.00 | Nov 3, 2018 | $1.00 |
| Dec 16, 2018 | $1.00 | Nov 3, 2018 | $1.00 |
| Dec 23, 2018 | $1.00 | Nov 3, 2018 | $1.00 |
| Dec 30, 2018 | $1.00 | Nov 3, 2018 | $1.00 |
| Jan 6, 2019 | $1.00 | Nov 3, 2018 | $1.00 |
| Jan 13, 2019 | $1.00 | Nov 3, 2018 | $1.00 |
| Jan 20, 2019 | $1.00 | Nov 3, 2018 | $1.00 |
| Jan 27, 2019 | $1.00 | Nov 3, 2018 | $1.00 |
| Feb 3, 2019 | $1.00 | Nov 3, 2018 | $1.00 |
| Feb 10, 2019 | $1.00 | Nov 3, 2018 | $1.00 |
| Feb 17, 2019 | $1.00 | Nov 3, 2018 | $1.00 |
| Feb 24, 2019 | $1.00 | Nov 3, 2018 | $1.00 |
| Mar 3, 2019 | $1.00 | Nov 3, 2018 | $1.00 |
| Mar 10, 2019 | $1.00 | Nov 3, 2018 | $1.00 |
| Mar 17, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Mar 24, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Mar 31, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Apr 7, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Apr 14, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Apr 21, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Apr 28, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| May 5, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| May 12, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| May 19, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| May 26, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Jun 2, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Jun 9, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Jun 16, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Jun 23, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Jun 30, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Jul 7, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Jul 14, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Jul 21, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Jul 28, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Aug 4, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Aug 11, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Aug 18, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Aug 25, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Sep 1, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Sep 8, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Sep 15, 2019 | $1.00 | Nov 9, 2018 | $1.00 |
| Sep 22, 2019 | $0.76 | Nov 9, 2018 | $0.76 |
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