Entrepreneur magazine chooses collegiate entrepreneur of the year

Most college students balance a low-paying job with hours of classes and social activities. For University of Michigan senior Allen Kim, it was a clothing business for babies that landed him as the recipient of College Entrepreneur of the Year from Entrepreneur magazine.

Kim, 22, opened his own clothing supply company, Bebarang, that he calls the “Netflix of baby clothing,” AnnArbor.com reports. Kim was one of five finalists for the award and was pushed to the top earlier this year. The winner was determined by a panel of judges as well as online voting.

“My apartment is a sweatshop,” Kim told Entrepreneur magazine. “My roommates are always complaining about having baby clothes everywhere.”

Bebarang, will have its website live early in 2011 with the hope of generating at least 100 customers by spring. However, Kim states the company already has a few dozen customers to get the ball rolling.

Bebarang provides month-long clothing rentals to parents with young infants who return the product once the child has outgrown the apparel. According to the NPD Group, only 40 percent of U.S. consumers purchases for babies and infants are brand-new items.

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