Application for loan for shoes and clothes

Justina Nguhi

Thika, Kenya

100% repaid

Entrepreneur

Name

Justina Nguhi

Member since

December 2013

On-time repayments

123 installments  •  57%

About Me

I am Justina Nguhi Kibe, a female of Kenyan Nationality. I am the third born in a family of five. Two sisters and three brothers I live in Thika, Majengo Estate opposite Thika Muslim Primary School House Number 2b in a big building called Alpha house, Plot Number22 I deal with ladies shoes and clothes but mostly my stock is contained mostly with shoes as they are fast moving compared to clothes. I normally sell everyday from 8 am to 5 pm apart from Sundays and holidays, I sell them at Thika main stage, a stage that is the central business district in Thika. I started this business in 2007. After being employed for the past few years and I noticed I was not progressing in being employed, through my little savings I was in a position to rent a stall and purchase ladies shoes. The business has enabled me pay my child school fees as he is pursuing Certified public accounts course and also assist my parents in rural area. I purchase shoes from Eastleigh in Nairobi and for the clothes I buy

My Business

I sell ladies shoes and clothes. I normally get them from Kamukunji and Eastleigh in Nairobi. My shop at Thika main stage is at a good view and located at an upward area such that most people get to see my products, being in this business I have always been in a position to always move with fashion, and therefore anything that is in fashion it never misses in my stock. About the old stock I normally sell them at cost and thus escaping incurring losses. I always give a good bargain to my customers such that this customer will always stick to my shop whenever she/he needs shoes or clothes. The business is indeed profitable as just a pair of shoe can fetch me a minimum of 350 in profit on the lower side. When it comes to clothes they give me a better profit than a pair of shoe as I always gather a profit of at least 500Ksh in very cloth that I sell. The challenge of clothes is that they are not fast moving as compared to shoes. The risk involved in my business is that at times I would be flocked b

Loan Proposal

its with great honour that i place my application for my 6th loan since i joined zidisha. i understand that its been a quite long before i had applied, i was actually budgetting on what i will do with this loan. my budget is as follows
1. i will use 35% of the loan to purchase new shoes for ladies and men, this time round i want to be unique in the market as i will purchase locally made shoes from maasai traditions thus i will be promoting young entreprenuers in kenya from slums.
2. 50% of the loan i will buy clothes from the capital city especially dresses and tops. i will invest more on clothes than shoes as clothes are always on high demand than shoes and they fetch good amount of profit than shoes.
3. 15% i will use it for other small expenses and i always count as my obligation to help the needy in our community, thus i will buy a box of slippers at a wholesale price and take it to hope community children centre in thika and donate it to 40 young children who are orphan and needy.

please do accept my loan proposal . i do look upon your help. thanks in advance

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$260.74

Date disbursed

Aug 28, 2015

Repayment status

On Time

Projected term

16 months

Cost to entrepreneur

Service fee: $10.83

Lenders

A

Anninymouse

Southampton, United Kingdom

C

Christian

Saarbruecken, Germany

A

Anna

Brussels, Belgium

mbunifu

San Jose, United States

cyrus0302

San Francisco, United States

tasos

hove, United Kingdom

Bobrm2k3

Charleston, United States

B

BMcDermott

Washington, DC, United States

Evan Lamos

Brussels, Belgium

Z

zvrk2014

Brookline, MA, United States

C

chrishol

United States

J

Jonas

Linköping, Sweden

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

B

bscent

Hong Kong

WiscoHorndog

United States

S

sarahb

United States

E

enigmatic

United Kingdom

N

Nicolaas

Doha, Qatar

C

Crainster

Chapel Hill, United States

D

djlayton4

United States

K

Kristiina

All Countries

M

mmartin

United States

PP

Pasi Paajanen

Helsinki, Finland

H

Hakon

Drammen, Norway

BV

Ben Veal

United Kingdom

Max Lettenberger

Madison, WI, United States

Cristina Huesch

Canberra, Australia, Australia

BB

Ben Bellows

United States

M

Mart

United Kingdom

wissam

Jeddah, Saudi Arabia

D

David

United States

Kyle Holohan

United States

D

Daniel

United States

R

Roanna

Alberta, Canada, Canada

BE

Bob Ewing

United States

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