Buying a sewing machine for my leather shop

Noah

Nakuru Town, Kenya

10% repaid

Entrepreneur

Name

Noah

Member since

April 2015

On-time repayments

42 installments  •  45%

About Me

I was born in 1968 in a family of 6 being the fifth.I started school in 1976. Being born in a family of a poor background it was a big challenge even in education,I had to endure alot as a child sometimes going without food for even two days but by God's grace I was able to finish my o level in 1989.After school I started working as a casual laborer.It was that time I started saving some money having a vision of having my own business.In 1995 I managed to start my own business which I'm doing until now.
My Business

My Business

As I've stated I started my small hardware shop business in 1995,that is 20 yrs ago,After some time I had to change for lack of enough capital and I started a small shoe shop I've been facing many challenges in my business for lack of funds.The reason is because this business is the one that feeds my family 6 children one in the university two in high school and three in primary school me and my wife,so we depend on it even to educate my children.If I can get this loan I can be able to boost my business and get more profit that's making our lives better.

Loan Proposal

When I get this loan I'll use 800USD sewing machine and 100USD to buy leather materials that I use in my leather shoe business and the remaining 100USD I will expand my shop to make the display more nit and attractive to my customers.This will improve my business and help me be more efficient to my customers.It will also improve my profit margin by 30% and so my family's life will be better even more than how it is today.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Mar 1, 2016

Repayment status

Late

Projected term

4 months

Other loans

Lenders

F

flaguy999

Tampa, United States

The Zinc Team

San Francisco, United States

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