For expansion of my shoemaking business

Entrepreneur

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 am given this loan amount ,I have planned to expand this business by buying the raw materials Leather (Ksh 50,000/=) , repairs and painting will cost (Ksh 15,000/=), Electric wiring will cost (Ksh 10,000/=), and the Engine oil will cost ( 5,000/=) and thread will cost (Ksh 600/=)
This will give me an opportunity to the work very much efficiently and faster since all materials shall available at my own premise and it will reduce the cost of travelling every now and then in search for the material sand thus using transportation cost,
the income shall also be double as compared to what I have been getting in my weekly income and that will give a good earning,
two more young people shall be employ in this business to help me run the business more especially in the workshop in sales department

when this plan is implemented the I expect this business to grow by 50% this these very first month of the business but I expect more in the few months to come because now I have a ready market for my products which are new shoes .
this will change this business this year and in future

My Videos

Jul 3, 2021: Fredrick zidisha loan testimony

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