Add more stock of shoes that are on high demand

Lulii

Mombasa, Kenya

99% repaid

Entrepreneur

Name

Lulii

Member since

June 2014

On-time repayments

183 installments  •  34%

About Me

Hello,
My name is Samson Lulii Mwendwa, 23 years old young man. I believe that I am very hardworking and determined to achieve my many goals that I have set for myself to reach.
I completed my Secondary school back in 2011 and joined one research firm immediately because I could not join university because of some personal problems that "we" had in the family.
We are a family of six, four boys and 2 girls, myself been a third born. My elder brother and sister are both business people and I want to follow their footsteps.

I worked in that firm as a field interviewer for some time then later on I advised to CATI Center (Computer assisted Telephone Interview) for some months. Then later joined data entry department before opening my small shoes shop at a place called Ukunda-Mombasa (where I am currently).

My shoes shop was not doing as good as it should be so I opted to look for a soft loan, thanks to my friend who told me about zidisha.

My Business

I have a shoe shop at Ukunda that I am currently running and i want to boost it that's why i chose to borrow from zidisha. The shop is doing pretty well but it can do even better if it was fully and well stocked. I am very hopeful that this loan will boost my shop and with no time, i will be able to repay it and hopefully apply for a bigger one.
I also do online marketing which i enjoy a lot venturing in matrix and other online writing sites and programs.
I am prioritizing on ladies flat open and dolly shoes which are the most wore shoes here in Mombasa due to the hot weather. For every pair that i buy between $3.5-$5, I get not less than $3 profit with some even earning me even more than double of the buying price.
I use 70% profit to reinvest in the shop and the rest to pay my bills and for other personal use.
I hope and pray that Zidisha lasts and I will always do business with you.

Loan Proposal

I ask for a loan of $150 so that I may add stock of some varieties of shoes that are on high demand, and have a good return, with an estimate profit of $3.5 per pair of shoes. At the moment, I don’t have enough cash to buy a larger stock. I plan to buy around 30 pairs of shoes with this loan; which I can manage to sell in less than a week. I’ll be able to generate enough cash to buy more stock, and make repayment on the loan. I’ll appreciate all your support

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Jul 14, 2014

Repayment status

On Time

Projected term

11 months

Other loans

Lenders

G

GalantnostS

Hong Kong, Hong Kong

C

cjmenchaca

Austin, United States

B

bentst

Kongsberg, Norway

EmilAsker

Lomma, Sweden

fairspirit

Utrecht, Netherlands

Zal0m0n

Atlantis!!!! x), Mauritania

Sarasota

Sarasota, Fl, United States

pvilliger

Zurich, Switzerland

W

wiwillia

Milbrae, United States

Matching Fund

Sterling, United States

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