An inventory of shoes and a sewing machine

Josephat Bundi

Juja Town, Kenya

100% repaid

Entrepreneur

Name

Josephat Bundi

Member since

April 2014

On-time repayments

326 installments  •  45%

About Me

Hi! This is Josephat. Am 23 years old and a fourth year student in jkuat currently. I take a bachelors degree in control and instrumentation and am really inspired to grow in entrepreneurship besides my academics. I was born and brought up in nyamira town. I started schooling in st. Christopher junior academy before taking my education to the next level at nyachururu primary in 1999. My eight year study in primary was fruitful and opened an opportunity for high school education in nyambaria boys between the year 2006 and 2009. I passed amazingly and later joined jomo Kenyatta university in 2011 where am currently due to complete my undergraduate later this year. At various levels I have been appointed into various leadership positions which have come both as challenges and motivations, hence with the huge responsibilities I have grown to be stronger and independent. This has led to me doing various businesses to help me and those around me. I derive my inspiration from doing business and satisfying the needs of the community around me.

My Business

I ventured into clothing business in the year 2013 in January opposite jkuat gate b. it has since been great fun to trade with students due to the strategic positioning of the business. Since there are few entrepreneurs in the same line of business along the street, it has enabled my business to grow fast enough to cater for all my student demands making an income of up to $15 on a good day. This is not without challenges since am operating in an open stall where rain and dust from the nearby road is a major concern. i have always aspired to make the business big and outdo its current shortcomings by renovating the stall and making it more permanent than is now and am sure of a better tomorrow. After my university schooling I think of opening a boutique and a fashion centre where the demands that my business can not fulfill currently will be catered for. I currently need cash to add stock and introduce frequently asked commodities.

Loan Proposal

I wish to purchase a sewing machine and introduce official men shoes in my stall. A brand new sewing machine will cost 350 US dollars. I resolved to purchase a sewing machine that will help me redesign my clothes according to customer sizes and specifications alongside doing repair services. Having engaged in the same field of clothing for quite some time, this will serve an added advantage both to me and my customers. I have discovered a market gap in shoe retail and thus I would also want to venture into it and make some extra cash. Thanks.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$447.56

Date disbursed

Sep 1, 2014

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Lender interest: $447.56 at 7.11% annual rate over 4 months = $12.85

Service fee: $6.46

Lenders

KYLE LARSON

Little Falls, United States

Kitty

Hailsham, United Kingdom

J

Jessica

Patagonia, Argentina

HansLindgren

Uppsala, Sweden

B

bileiro

Mandaluyong, Philippines

McDermotts

South Moreton, United Kingdom

VALEK

Canberra, Australia

C

cardiff

Falls Church, United States

Hedwich

Gorssel, Netherlands

L

Leonora

TÄBY, Sweden

Sarasota

Sarasota, Fl, United States

A

Anonymous

United Kingdom

Freewolf

Salt Lake City, United States

S

scottpz

branford, United States

T

thebonseung

Republic of Korea

D

Daisy

Netherlands

J

JacobvdW

Netherlands

X

xavier

Toronto, Canada

M

mkrsko

Slovakia

TyWee

Manila, Philippines

Sputnik

Switzerland

K

KiraDee

United States

D

dmorley

United States

J

jowde

Germany

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