Buy accessories for my shoe repair shop

Lobali Ebei

Ilula, Kenya

0% repaid

Follow Lobali Ebei

How it Works

Entrepreneur

Name

Lobali Ebei

Member since

November 2015

On-time repayments

71 installments • 1%

About Me

My names are Joseph Lobali Ebei,I was born in Nakuru District in Kenya.I was brought up in a family of six Siblings being the third born.I joined nursery school in the ear 1982where by I completed my primary school in the year 1992.Later I never joined High School due to lack of school fees.By the year 1996 I decided to venture into business where by I was trained in the business shoe repair. I am married to one wife and God has blessed us with three children

My Business

I started business after finishing my school ,the name of my business is called Baba brax sheos repair which is located in Roadblock Estate Eldoret town.I deal with both shoe repair and sale of shoe accessories e.g shoe lessees ,souls etc.
Competition is minimal for Iam the only one in the, I buy my shoe accessories at wholesale price and sell them to my customer at retail price plus services of repair . My business does not face any risks because these products and services are the only ones in the area of business.
My monthly cost of running the business is US Dollars 250 while average Gross profit before the expenses is usually approximately US Dollars 400
The following is how I normally use profits from the business -I give tithe to the church,Up keep i.e food and rent,Savings and also I support my aged mother and two siblings

Loan Proposal

Thanks you lenders for giving me an opportunity to get the credit from you.Given funding I will use my loan wisely especially to increase stock my shoe repair accessories by the whole 200 Us Dollars.
I beleive that all that will increase my earning and bring about growth of my business.
I look forward to your wise consideration