Application for loan for shoes and clothes
Justina
Thika, Kenya
100% repaid
Entrepreneur
Name
Justina
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
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Loan Info
Project Type
Classic Loan
Disbursed amount
$262.00
Date disbursed
Aug 28, 2015
Repayment status
On Time
Projected term
16 months
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