Buying material for my shoemaking business

Fredrick

Eldoret, Kenya

100% repaid

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How it Works

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 loan amount, then I will be able to buy 250 square feet Leather material for my Shoe making business at 380 US Dollars.
This will increase my production capacity and hence give more income and this also will enable me to employ workers and that also will add more income in the society .
This also will make me serve more customers effectively and efficiently.
If this plan is implemented then I expect this business to grow by 50% this year and next year the more.
Thanks so much in advance for considering me again for funding I promise to be faithful in repayment as I have been for the time.
God Zidisha team and Lenders.

My Videos

Jul 3, 2021: Fredrick zidisha loan testimony

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nicole Aug 6, 2020

My second loan to Fredrick - still recommended! I hope your business continues to do well!

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- Fredrick Jul 13, 2021
  
  Hi Nicole,
  
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nicole Jul 9, 2017

Fredrick paid FAR ahead of schedule. I would happily lend to him again!!

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- Fredrick Aug 5, 2020
  
  Hi Nicole how are doing,l hope you are doing good. Thanks allot for lending me fund to expand my business in July 2017 now my business is doing good soon I will clear my loan and am requesting you to support me again may God bless you richly and zidisha team.
  Thank you,
  Best regards,
  Fredrick Ouma omudho.
  
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