Entrepreneur
Name
Rashid
Member since
November 2014
On-time repayments
59 installments • 20%
About Me
its a pleasure for me to introduce myself here. my name is rashid mungoma a resident of chonyi in kilifi county but currently am in mombasa where i work as a hawker who sell the second hand clohing.i schooled at bundacho primary school and later joined dzitsoni high school where i completed mo form four level of study. being the first born i did not have the opportunity , because i had to look after my younger siblings at home. now i have two sisters whom i sponsor for their secondary education
My Business
in my business i sell second hand clothes at mtwapa kenya, i obtain these clothes from mombasa kongowea market . as most of the residents in mtwapa are middle income earning they prefer second hand clothes as opposed to new clothes. this makes the demand for this be high enough to be a profitable business.i choose this kind of business because i didn't have enough money to start a large business and the fact that clothes are not perishable encouraged to start this business. my montly income is around$500, and i have rental expenses of$100. some of the profit is for school fees and part of it is for my reinvestment
Loan Proposal
getting the opportunity to benefit from this fist loan from zidisha , it will be a major boost to my business as i plan to use all the loan i will get to improve the stock level of ladies dresses which are on high demand. on doing this am sure i will be able to repay the loan without any problem.please help me zidisha
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Nov 25, 2014
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Ireland
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