Bussiness re-invention

Stephene Gathage

Embu, Kenya

Funds disbursed

$0 to go

100% funded of $166 goal

0

days left

Entrepreneur

Name

Stephene Gathage

Member since

January 2014

On-time repayments

38 installments  •  66%

About Me

Am a honest gentleman aged 24 years who is passionate about what he does, a holder of a Diploma in Information Technology, from a humble background of 8 siblings initially running a small business of selling second hand clothes and now trough the help of zidisha has grown to include both new and second hand clothes to supplement my family's income since two of my younger siblings are in school
My hobbies include writing small computer applications and traveling around my country
Very optimistic and takes life challenges head on but not shying away from them and that has really helped me to overcome many challenges
Am hoping to improve my capital to include the sale of new and second hand shoes in my business
Please help out a brother

My Business

My small but fast growing business of selling second hand clothes and now includes new clothes gives me some profit which I will use to repay my loan. I intend to improve on customer choices and variety by introducing ladies shoes in my shop.
In my locale, the community around is mainly made up low and medium income earners who mainly depend on second hand shoes and the medium class who depend on both new and second hand shoes. That's why I am making this bold move to include new ladies shoes in my shop
Customer service and quality products are some of the things that I have been keen on so as to make me be on top of the stiff competition faced by my fellow businesses
Considering the cost of buying the new ladies shoes and the demand, the business is a able to meet its operational costs and leave some margin as profit
The main costs include the buying of the actual stock,transportation costs,storage facilities, city council levies and some other few miscellaneous costs
Stock value is approximately USD 1500 up from USD 1200 following my previous funding with operational costs amounting to about USD 126
Profits range between 45 - 50 percent of the total sales approximately sales amounting to USD 770 per month.

Loan Proposal

Thank you for finding time to read my proposal. I appreciate
As you might have read aerier in my profile, I initially started by selling second hand clothes which I use to get from my fellow business men who were more established than me
I joined zidisha and through generous funding, I have seen my business grow to include new clothes and now introducing ladies shoes which are moving like hot cake here
With the already established customer base, I believe a ready market for my goods is already set and that's why am taking this bold move to include Ladies shoes in my shop
Be part of my dream.
Thanks in Advance

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$166.62

Date disbursed

Feb 19, 2015

Repayment status

Late

Projected term

7 weeks

Cost to entrepreneur

Lender interest: $166.62 at 5.89% annual rate over 1 month = $1.40

Service fee: $0.90

Lenders

P

Philippe

Adliswil, Switzerland

Pere

Barcelona, Spain

Zidisha

Sterling, United States

jmsquared

Seattle, United States

RockinRobin

Centennial CO, United States

R

Rossman

Poland, United States

B

Becmo

Brisbane, Australia

MichaelR

Los Angeles, United States

C

CheesemanDan

Shanghai, China

P

proby24

Singapore, Singapore

J

jipi9000

Vantaa, Finland

T

tmsaddress

Orlando, Florida, United States

cattlebaron

Pierre, SD, United States

S

Shadrax

Lansing, United States

JimmyL

Tallahassee, FL, United States

T

Talex

Nürnberg, Germany

G

gustavalberius

Uppsala, Sweden

P

portlandloans

Portland, United States

A

aguayo

Silicon Valley, United States

M

MarcAndreD

Saguenay, Québec, Canada

Susansfund

Colorado Springs, United States

Matthew

New York, NY, United States

S

samuk

Nottingham, United Kingdom

G

GirlOfEarth

Earth, Finland

danielytao

Boston, United States

gseletko

South Perth, Australia

mepster

San Francisco, Ca, United States

A

adamdreaming

United States

KM

Kirsty M

United Kingdom

P

Philip

Bremen, Germany

Dave Bogard

New York, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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