Boost my shop inventory with school learning materials

Samuel

Mombasa, Kenya

35% repaid

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How it Works

Entrepreneur

Name

Samuel

Member since

April 2014

On-time repayments

216 installments • 16%

About Me

I am a Kenyan, born and raised in Central Kenya. I went to school up to secondary school and upon completion of a four year course, I started working as a casual in big tea plantations.

I later re-located to Mombasa about 10 years ago where I started my own business. I started by selling used clothes and through hard work and serious savings, I managed to buy a three wheeler taxi (locally called tuk-tuk) which I use to ferry passengers and goods across Mombasa Town.

My old business of selling used clothes still exists and my wife helps me in running it.

I am a father of 2 school going boys aged 9 and 4 years.

My Business

I currently run two businesses one selling of used clothes and the other one operating a three wheeler taxi which are very popular here in Mombasa.

When business is booming, I make about $250 from clothes business while the taxi gives me $300. I believe with extra capital which I hope to get from Zidisha, I will be able to diversify my items in my clothes shop. With an injection of a loan which I expect to get from Zidisha, I hope to increase my sales in the shop and net an average of $350 per month.

I would also like to brand my shop to attract more customers. This will require about $50 which I will use to buy paint and pay the sign writer.

Loan Proposal

Over time, I have established a good relationship with the neighboring schools. I normally supply them with books and other stationery. For this reason, I need to boost my stock of school stationery so as to ensure a seamless supply to the schools.

I will spend the money to buy exercise books, pencils, erasers and pens. I will also buy ink for fountain pens and foolscap. Since ready market is assured, I am optimistic that this will be a huge success.