To increase more stock of shoes

Winfred

Nairobi, Kenya

70% repaid

Entrepreneur

Name

Winfred

Member since

October 2015

On-time repayments

84 installments  •  48%

About Me

i was born in 1977 as the fourth born of a family of six. i went to school up to form four. my schooling was difficult after my father passed away before i joined high school. my mother had to struggle to get me join form one since my elder brothers were also in high school already. after high school i could not proceed with education due to cash problems. i had to find a way of surviving and ended up starting a shoe business with very small capital. i have two children both boys.. the eldest is already pursuing a degree on electronics engineering and the other is still in primary school.
i love hanging out with my children and mostly swimming.

My Business

I am dealing with shoes for all. that is men, women and also children. i chose this business because shoes don't get spoilt like vegetables or food and are always in demand. my everage cost of a bale of shoes is about 5,000 KES and this will give about 8,000 KES. i use the profits in paying rent, school fees for my children, food and clothing.

Loan Proposal

with this new loan, i want to increase my stock of shoes since i have gotten more customer and demand from new markets outside nairobi. i am looking at buying more shoes worth aproximately USD 300. with this i expect an increase in my profits by about 25% within the next 5 months. also with the increase of stock , i will be able to meet the market demand and hence more customers. my life also should change to better.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$301.00

Date disbursed

May 5, 2016

Repayment status

Late

Projected term

14 months

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