Entrepreneur
Name
Jesee
Member since
February 2015
On-time repayments
67 installments • 28%
About Me
My name is Jesee Wachira, a shoe vendor based in Mombasa City. I came to Mombasa to look for greener pastures having left home some three years ago after completing my secondary education.
I did a course in clearing and forwarding during my stay in Mombasa and later secured a job as a clerk in a clearing and forwarding company here in Mombasa. I later lost my job through retrenchment when the business went very low at the company. I used my terminal benefits to buy a few pairs of shoes to resell to friends.
I had made a good number of friends while I was employed and they really supported me in this new business. Using the proceeds, I increased my stock and I managed to open a shoe stall mid last year and the business is doing quite well.
My Business
I normally buy shoes from wholesalers in town and then retail them at my shop. I occasionally go to neighboring countries to get shoes which are not available in Kenya. With time, I have managed to get a wide variety of shoes for all ages and sexes. This has attracted a lot of customers to my shop and the future looks bright.
However, I still have some challenges in that I would like to stock many more different types of shoes so as to cover all classes of people. For now, I am mainly targetting the low income shoe wearers since I sell cheap shoes with the most expensive one retailing at $20. With time, I would like to penetrate into the more expensive shoes so as to serve those who are high up in the society. For this to happen soon, I need credit support hence the reason for joining Zidisha.
Loan Proposal
If given this loan, I will use it to buy 3 pairs of expensive shoes at a total $90. I want to use this as my entry point to the lucrative segment of shoe market. I have people in mind who will readily buy them since they are my regular customers and they have been asking me to start selling such shoes.
I hope to increase the stock of such shoes in due course and I am sure that it is going to be a success. I am hoping that once the stock rises, I will be able to double my net income ( I currently make around $200 per month) in about 10 months.
Please fund this loan since this is a very viable business. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 13, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Summary
Amount repaid
$105.35
Amount remaining
$0.00
Date repaid
Aug 1, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 22, 2015 | $5.54 | Mar 23, 2015 | $5.54 |
| Mar 29, 2015 | $5.54 | Mar 23, 2015 | $5.45 |
| Mar 31, 2015 | $0.09 | ||
| Apr 5, 2015 | $5.54 | Mar 31, 2015 | $1.78 |
| Apr 5, 2015 | $3.76 | ||
| Apr 12, 2015 | $5.54 | Apr 5, 2015 | $0.53 |
| Apr 13, 2015 | $5.01 | ||
| Apr 19, 2015 | $5.54 | Apr 13, 2015 | $0.48 |
| Apr 20, 2015 | $5.05 | ||
| Apr 26, 2015 | $5.54 | Apr 20, 2015 | $0.44 |
| Apr 20, 2015 | $5.10 | ||
| May 3, 2015 | $5.54 | Apr 20, 2015 | $0.40 |
| May 7, 2015 | $5.14 | ||
| May 10, 2015 | $5.54 | May 7, 2015 | $0.35 |
| May 13, 2015 | $5.19 | ||
| May 17, 2015 | $5.54 | May 13, 2015 | $0.42 |
| Jun 9, 2015 | $5.12 | ||
| May 24, 2015 | $5.54 | Jun 9, 2015 | $5.54 |
| May 31, 2015 | $5.54 | Jun 9, 2015 | $5.54 |
| Jun 7, 2015 | $5.54 | Jun 9, 2015 | $5.54 |
| Jun 14, 2015 | $5.54 | Jun 9, 2015 | $0.24 |
| Jun 15, 2015 | $5.30 | ||
| Jun 21, 2015 | $5.54 | Jun 15, 2015 | $0.20 |
| Jun 22, 2015 | $5.34 | ||
| Jun 28, 2015 | $5.54 | Jun 22, 2015 | $0.15 |
| Jun 30, 2015 | $5.38 | ||
| Jul 5, 2015 | $5.54 | Jun 30, 2015 | $0.11 |
| Jul 14, 2015 | $5.43 | ||
| Jul 12, 2015 | $5.54 | Jul 14, 2015 | $0.07 |
| Aug 1, 2015 | $5.47 | ||
| Jul 19, 2015 | $5.54 | Aug 1, 2015 | $5.54 |
| Jul 26, 2015 | $5.66 | Aug 1, 2015 | $5.66 |
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