108 installments • 63%
I am mercy oduor and l live in kabachia estate ,nakuru town nakuru county.I am in a fairly stable relationship with one kid .I sell second hand shoes a business i have done for a period from 2009.I am a diploma holder in business management from kenya institute of management.This educational backgound on marketing has helped me alot as i apply the skills acquired practically on my business applying the best practice in the for the satisfaction of my customers.I started the business because i saw the needs that people had for shoes and they could not afford the new ones from the shops so l started selling second hand shoes and the customers like them as they say they are long lasting and there is variety of the same.the earning from my the business I use to augment my business and make sure that my business remain afloat
my business in located at Maralal Road off Mburu Gichua Rd, Nakuru town nakuru county.
I sell second hand shoes of which l source from different suppliers in nairobi and some from nakuru.I source for variety that appeals to my customers as this is the reason as to why i have more customers than the competitors visiting my stall and getting shoes that they do appreciate and find value for their money.I make between ksh15000 to ksh 20000 per month.some of the risks that l exprience is sudden change of prices that come as a result of change of transport cost due to change in fuel cost. Zidisha funding will help me boost my earning as l will be able to add more stock and also open other outlets.
when l get this loan it will help me improve my shoes business on the following ways l will buy shoes estimated at 120 dollars buying and building of shelves estimated 30 dollars,am happy that through this loan l will be able to get returns that will help me expand my business and increase my income,also l will be able to pay school fees for my child and also improve my living standard around nakuru due to high cost of living
May 19, 2014
Cost to entrepreneur
Lender interest: $150.85 at 6.93% annual rate over 1 month = $1.01
Service fee: $0.51