I need a loan of 150 usd to increase stock and rent a shop for easier access by clients.thanks

Robert

Mashambani, Bungoma, Kenya

5% repaid

Entrepreneur

Name

Robert

Member since

January 2014

On-time repayments

26 installments  •  4%

About Me

I am Robert Barasa aged 25 married with a son. I have 3 siblings in high school who depend on me. I hold a bachelors in economics and mathematics from the univesity of nairobi and a diploma in business management. My wife has a diploma in sustainable in agriculture from university of eldoret. I am running a shoe selling business together with my wife. We buy ladies shoes in malaba at ksh 280 and sell to friends at ksh. 380 making a profit of ksh. 100 per pair. In a good month we make between ten thousands and twenty thousands. We pay ksh 4500 house rent and ksh 3000 on food. Ksh 1500 is saved.need a loan of 150 DOLLARS to increase stock. Thanks.

My Business

I am running a shoe selling business together with my wife. We buy ladies shoes in malaba at ksh 280 and sell to friends at ksh 380 making a profit of ksh. 100 per pair. In a good month we make between ten thousands and twenty thousands. We pay ksh 4500 house rent and ksh 3000 on food and save ksh. 1500. I need a loan of 150 USD to increase stock to meet the increasing demand we are getting from the growing number of referrals. Too I need to rent a shop for easier access and convinience by clients. Thanks.

Loan Proposal

I will increase stock and rent a shop for convinient and easier access by clients because currently am running the business from home which also is costly in delivery of order. And also with the shop I have to acquire necessary licenses from the county government which are by now high. But all this will accord me convinience.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Feb 10, 2014

Repayment status

Late

Projected term

6 months

Lenders

AWOL

USA, United States

Silver

Steiermark, Austria

Zidisha

Sterling, United States

P

penguin3694

Chicago, United States

M

mkellerman

Shanghai, China

Sarasota

Sarasota, Fl, United States

A

Anonymous

United Kingdom

Matching Fund

Sterling, United States

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  • Robert    May 8, 2014

    I am running a shoe selling business together with my wife. We buy ladies shoes in malaba at ksh 280 and sell to friends at ksh 380 making a profit of ksh. 100 per pair. In a good month we make between ten thousands and twenty thousands. We pay ksh 4500 house rent and ksh 3000 on food and save ksh. 1500. I need a loan of 150 USD to increase stock to meet the increasing demand we are getting from the growing number of referrals. Too I need to rent a shop for easier access and convinience by clients. Thanks.

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  • Robert    Mar 20, 2014

    Kindly I request the Zidisha family to allow me reschedule my loan to KES 100 per week because I had to meet fee obligations of my siblings and the business is not doing that well. I commit myself to paying the said amount weekly without fail. Thanks a lot for understanding me and giving the platform to be useful in the society by contributing towards economic development with my small business. Kindly accept my sincere apologies for inconveniencing you.

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  • Robert    Feb 17, 2014

    Hello lenders, I want to appreciate you so much. I acquired stock on Friday last week the 14th with the revenue the business generated for the past week. I have realized any sales at the moment. I pray you allow me this week to repay 100 Kes this week and pick up next week. Thanks for understanding.

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  • Robert    Feb 11, 2014

    Thanks a lot the Zidisha family for the bridge to the realization of my dreams. I have been able to acquire 30 pairs of shoes from Busia and you know what I was able to realize 4,100 kes sales from the stock. I appreciate my lenders and I am indeed grateful.

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    • Robert    Mar 4, 2014

      Hi the zidisha family, I rescheduled my loan but it was not effected on my account. My payments too are not reflecting. Any help?

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