Buy new stock for my business

Justus Otundo

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Justus Otundo

Member since

May 2016

On-time repayments

82 installments  •  9%

About Me

I was born in Embu County in a farming family back ground ,after my primary/secondary school education, I am now in Kisumu with my family, I have stated a business of designing/making of man/ladies shoes where by it is the dream I am majoring in and grow in it to help my family / community and I also hope to train youths to do the same for their earnings .

My Business

I buy whole sales curios and other artwork to retail at the famous Maasai Market in Kenya. I also deal in designing/making of shoes - maasai beaded sandals. I started in 2013 with an assistance of one of our church deacon in some work. He trained me in it and now I am qualified and on my own. I have a goal of growing in this to accommodating others in need and help my family. I am so far very proud in this business and ready to grow in it, my customers are open to all and not a particular group.
The broad variety of merchandise and customer base in this business allows diverse entrepreneurship and opportunities for fast growth. I am therefore seeking resources to be more competitive and to expand my business.
In a month i make profits of $200 which i use to pay school fees for my children and the rest i reinvest in the business.

Loan Proposal

This whole loan is to boost my business and be in better position of giving me back a bigger income/profit out of the new stock , this will make my business grow more and also be in a position of supporting my family .

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

May 25, 2016

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $8.19

Justus opted to pay $59.34 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Other loans

Lenders

The Zinc Team

San Francisco, United States

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