Buy a bale of second hand clothes

Samuel

Mombasa, Kenya

100% repaid

Follow Samuel How it Works

Entrepreneur

Name

Samuel

Member since

January 2015

On-time repayments

250 installments  •  49%

About Me

My name is Samuel Kangethe, a father of two children – a boy aged 13 years and a girl aged 9 years. I live with them and my wife in Mombasa city. I was born to peasant farmers in Central region of Kenya 44 years ago.

I went to school up to secondary level and later joined a mechanical engineering college where I trained as an auto-motive technician. I tried my hand as a mechanic but later lost interest in the job and got employed as a public bus driver. I did this job for five years, where I faced a lot of difficulties like police harassment. This made me quit and I relocated to Mombasa to search for greener pastures.

I opened a music shop and later decided to sell used clothes in the same premises so as to supplement my income. This is what I do to date and I make enough profit to support my family and my parents back home.

My Business

I source my music from music producers, artistes and local agents. The business is profitable since Mombasa is a big town with a high population which ensures that there is a constant demand for music especially from the youths. I make a profit of about $300 from this venture.

I get clothes for my shop from local dealers and then I retail them. Just like the music business, there is a constant demand for clothes due to the high population and the friendly cost of my products. I do it on a small scale and I make a profit of about $150 from this department.

My main reason for asking for this loan is to strengthen the used clothes section which will see an increase of sales hence improved profits.

Loan Proposal

With this loan, i will use the entire amount to buy a bale of used clothes which goes for about USD 150. This will give my business a much needed boost after struggling for some time due to my absence when I was taking care of my sick dad.

The coming of this stock also coincides with the high season when people have some money to spend on clothes. I am a seasoned businessman and I know that this will be a success.

Thank you and God bless you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$119.00

Date disbursed

Aug 31, 2015

Repayment status

On Time

Projected term

5 months

Other loans

Jan 2015:  $50

Mar 2015:  $130

Mar 2016:  $119

Sep 2016:  $120

May 2017:  $117

Oct 2017:  $177

Lenders

A

Anna

Brussels, Belgium

investor

Candiac, Canada

J

Jorgetmorais

Vila Nova de Gaia, Portugal

DeanDropshot

Oslo, Norway

T

ToddK

Indianapolis, IN, USA, United States

G

graememoss

Amsterdam, Netherlands

E

Eric

San Leandro, United States

ads68

Melbourne, Australia

jimmycarterforever

Missoula, United States

K

KennaMumford

Salt Lake City, United States

fairspirit

Utrecht, Netherlands

E

E

Marin county, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

G

Goldenretriever

United States

L

luckiestmonkey

United States

KM

Kirsty M

United Kingdom

T

Tim

Cologne, Germany

E

Erich

Zurich, Switzerland

BP

Bing-shu Pan

Taiwan

Family Mueller

Petershagen, Germany

MW

Matt Willis

United States

Odyssey

France

KS

Keld Soerensen

Hong Kong

F

Florian

Munich, Germany

BC

Best Chapman

United Arab Emirates

RV

Rob Van Dam

United States

CC

Carlos Camacho

United States

GN

Gabriel N

Switzerland

Ask Samuel 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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  • Samuel    Nov 4, 2017

    Thank you very much for giving me this loan. I will use it to buy the clothes to sell during this peak season.

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  • Samuel    Oct 21, 2017

    I bought some more clothes that I have been selling and business is doing well. Thank you.

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  • Samuel    May 20, 2017

    Thanks for the loan. I will use it to buy a stock of warm clothes. This will propel my business forward.

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  • Samuel    May 9, 2017

    My business is doing well. I can attribute the good performance to Zidisha's friendly and timely loans. Thank you so much.

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  • Samuel    Oct 10, 2016

    Thank lenders, I received the money last week and bought the stock that I needed. God Bless you all.

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  • Samuel    Oct 5, 2016

    Thank you once more my lenders. I received the money yesterday and now ready to buy a stock of shoes.

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  • Samuel    Oct 2, 2016

    Thank you my many lenders for funding this loan. The money will go a long way in elevating my business to a higher level.

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  • Samuel    Sep 28, 2016

    Thank you lenders for the loan that I have just cleared. I used the money to buy more stock and this has increased my sales. Thank you so much.

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  • Samuel    Mar 1, 2016

    Thank you lenders for the facility. I was able to boost my business by buying additional stock.

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  • Samuel    Sep 8, 2015

    Dear lenders, this is to confirm that I received 11,843 KES last week. I used the money to buy a bale of second hand clothes. The response from my customers is good so far and I hope to build on this momentum to make the business grow even further. Thank you so much.

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  • Samuel    Aug 29, 2015

    Thank you very much lenders for your valuable support. I am glad you have funded me once more and this money will enable me add my stock of second hand clothes. I pray for your long life so that you continue helping other entrepreneurs around the world.

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  • Samuel    Aug 19, 2015

    Dear lenders, I am glad that i have cleared the loan that you gave me a while back in-spite of some difficulties. I had a sick relative who depends on me and hence my reason for delaying payment at some point. I only came to learn about rescheduling when the damage was already done!

    However, all is well that ends well and I have cleared my loan and my patient has now recovered fully. Thank you for your understanding.

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  • Samuel    Jul 24, 2015

    Kindly let me reduce my repayment slightly because the business is down a bit. I am about to clear my loan and I need this relief.

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  • Ndungu    Jun 21, 2015

    Dear lenders, I spoke to Samuel yesterday and he told me that he has been taking care of his ailing relative and he spent a lot money on his medication. His patient is now better and he will resume repaying his loan as from next week. Thank you for your patience.

    V.M.

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  • Samuel    Mar 16, 2015

    Dear lenders, only one day left for my loan bid to expire. Kindly fund my second loan since it will be a big boost to my business. I want to build on the momentum that the first loan started so that I achieve my goal of financial freedom.

    I am determined to keep my repayment record at 100%.

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  • Samuel    Mar 4, 2015

    I got my first Zidisha loan during the festive season when people spend a lot on 'new' clothes. I moved very fast and bought very nice shirts and blouses which I was able to sell at a tidy profit. This is reflected on my swift repayment of this loan and I hope the I will be equally successful on the second one which I am about to apply.

    Thank you lenders for your valuable support.

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