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
Granted this loan i will add more stock in my shop will buy the following items:
1)12 pairs of ladies boot at a cost of 5 dollars each being rainy season the demand is high later sell at 18-20 dollars each,
2) 24pairs of flat shoes at a cost of 2dollars each later sell at 9-10 dollars
3) 18pairs of official high and low heel shoes at a cost of 4 dollars each and later sell at a cost of 12-16 dollars .
The profit gained will be used to :
•Repaying this loan on time as stated
•Adding more stock (replacing what have been sold)
• Savings at least 1/4 of total profits for future expansion( to include official men's shoes)
•1/8 of profits to be saved for future needs and family emergencies
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
Granted this loan i will add more stock in my shop will buy the following items:
1)12 pairs of ladies boot at a cost of 5 dollars each being rainy season the demand is high later sell at 18-20 dollars each,
2) 24pairs of flat shoes at a cost of 2dollars each later sell at 9-10 dollars
3) 18pairs of official high and low heel shoes at a cost of 4 dollars each and later sell at a cost of 12-16 dollars .
The profit gained will be used to :
•Repaying this loan on time as stated
•Adding more stock (replacing what have been sold)
• Savings at least 1/4 of total profits for future expansion( to include official men's shoes)
•1/8 of profits to be saved for future needs and family emergencies
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Loan Info
Project Type
Classic Loan
Disbursed amount
$194.00
Date disbursed
May 18, 2018
Repayment status
Late
Projected term
9 months
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