Buying school shoes , ladies high heels and loafers

Susan

Nyambari Lari, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Susan

Member since

February 2015

On-time repayments

71 installments • 37%

About Me

My name is Susan Wanjiru Mbugua aged 24 years old.I am the first born in the family of four girls.i am a kenyan by nationality born and raised in kiambu county,lari sub-county,lari division in gitithia sub-location.i am a christian by faith and worship at PCEA CHURCH in gitithia.
I schooled in lare primary school and then joined Gitithia secondary school and completed my o-level education with a KCSE certificate (Kenya Certificate of Secondary Education) but unfortunately i did not join college due to lack of finances.
i was later employed in a shoe selling shop where i worked for two years and gained some experience on selling shoes and later decided to feature in self employment after i managed to save Kshs. 20,000 in my bank account which was the base capital for my shoe selling kiosk.

My Business

my business is in nyambari centre along the nairobi- naivasha highway approximately 20 meteres from the highway.its only one and half years old.after observing the selling trends i decided to feature mainly on young people shoes and kids mainly from one year old since these age group frequently buy more than the aged group and also because they are ford of any new arrivals and fashion
i usually get my shoes from kampala uganda and others from nairobi area where i get them at a fair price that gives me back a profit averaging of $5.56(Kshs 500) per pair of shoe which helps me to get some more pairs as well assist in paying school fees for my two sisters who are currently undertaking their kenya secondary education,and also maintaining my business investment.

Loan Proposal

my decision for the loan request is to buy and add more pairs of shoes i.e high healed for the ladies,loafers for men since their current demand is very high. am also planning to introduce the new school shoes for both ladies and male youth since the admission is currently going on as they join form one and also those others are expecting to join university and colleges.
this will satisfy the taste and fashion of my customers therefore maintaining them and winning more through the satisfaction of the current customers.This will also benefit me with extra profit that enhances the growth of my current shoe business as well as raising my sisters school fees.I am targetting an extra benefit of net profit of between US$38.9-50 (Kshs 3500-4500/=) monthly.