Buying equipments for shoe making business
Fredrick
Eldoret, Kenya
100% repaid
Entrepreneur
Name
Fredrick
Member since
June 2015
On-time repayments
290 installments • 69%
About Me
Am called Fredrick Omudho ,I was born in the year 1969 in Siaya County .
I attended Primary School between 1980 to 1989 in Segere Primary School,
And due to great poverty level with my parent I did not attend secondary School at all.
I work hard for people in the village as a casual labourer for two years and I earned some little money that I saved to pay for my course of shoe making .
Am married to one wife and blessed with six children ,two boys and four girls.
After I completed my shoe making course I started it in a small way with a capital of 5,000/=Kshs that is back 1994 in Eldoret City.
My culture is that every male Child or boy is expected to marry more than one wife and many children which I refused and that is why I was rejected at home.
My children want to be come a Doctor ,a teacher,A Pastor,and the rest want to become Business men
My hobby at my free time is to study the Bible and browsing the internet and sports.
My Business
I provide New shoes for and also mends old shoes for students ,Children and all categories of people.
This is very useful because there are very industries dealing with kind of commodities in this region and even in the entire nation of Kenya,
and there a big number of student joining school every year in this city of Eldoret.
I chose this kind of Business because I trained on this field and I understand all challenges as regard the Business
My typical cost and revenue is 95,000/=Kshs,
I Use my profit as follows
1.School fess for my children 50,000/=Ksh
3.Reinvestment in growing the Business is 10,000/=Kshs
4.Home improvement is 13,000/=Kshs
My old mother village5,000/=Kshs
Loan Proposal
When given this money is stated above I will 1 sewing machine at 70 Us dollars.
This will give more work and of course more customers and lastly more profit and some other people will be employed in this shop of mine.
I expect my to increase by 50% and beyond soon.
If given this money I will be faithful in repaying back the loan .And thank Zidisha in advance for their wise decision in considering to fund me for the first time.
My Videos
Jul 3, 2021: Fredrick zidisha loan testimony
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 15, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
United States
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nicole Aug 6, 2020
Fredrick Jul 13, 2021
nicole Jul 9, 2017
Fredrick Aug 5, 2020
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