Entrepreneur
Name
Francis
Member since
October 2016
On-time repayments
56 installments • 41%
About Me
I have a diploma in civil engineering. I am a second born in a family of five. During my free time at college, I used to do hawking in the streets of Nairobi selling secondhand shoes. I love to socialize with people, especially the business-minded, and I am also in agribusiness in my village where I have started growing fruits.
My Business
I do sell ladies shoes. I decided to venture into this business due to its demand since ladies do change with what's new in the market which helps reduce loss since it's fast moving. I have been using the profit to grow the business. The costs incurred are: license, rent, wages to workers (I have one), electricity, and, at times, transport.
Loan Proposal
I will use this loan to increase my stock in the shop i will buy some flats shoes 10 pairs @0.5-1 dollars ,which will later sell at 1.5-2 dollars each this will give a profit of at least 100percent,will also buy sandals for ladies 15pairs at 0.5 dollars which will sell at 2-2.5 dollars .The profit gained will then be used in future expansion hence saving 1/4 of the profit,electricity bills 2 dollars ,and paying of workers .
About Me
I have a diploma in civil engineering, a second Born in a family of 5 during my free Time at college I used To do Hawking in the streets of Nairobi selling Second hand shoes. I love to socialize with people especially business minded and am also in agribusiness in my village where I have started growing fruits
My Business
I do sell ladies shoes I decided to venture into this business due to it's demand since ladies do change with what's New in The market which helps reduce Los's since it's first moving. I have been using the profit to grow the business. The cost incurred are License,rent ,wages to workers I have One, electricity, and at Time transport
Loan Proposal
I will use this loan to increase my stock in the shop i will buy some flats shoes 10 pairs @0.5-1 dollars ,which will later sell at 1.5-2 dollars each this will give a profit of at least 100percent,will also buy sandals for ladies 15pairs at 0.5 dollars which will sell at 2-2.5 dollars .The profit gained will then be used in future expansion hence saving 1/4 of the profit,electricity bills 2 dollars ,and paying of workers .
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Loan Info
Project Type
Classic Loan
Disbursed amount
$20.00
Date disbursed
Dec 15, 2017
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Taiwan
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