Loan for new shoes for men

Lewis

Thika Majengo Estate, Kenya

100% repaid

Entrepreneur

Name

Lewis

Member since

August 2013

On-time repayments

98 installments  •  77%

About Me

I am a twenty six year old male Kenyan Citizen. I am the first born in a family of two. I have a sister in high school, form three this year. Her name is Susan Njeri. I live in Thika, Majengo Estate opposite Thika Primary School House Number 8, Plot Number 23. I deal with ladies shoes. I normally sell in the evening from 5pm just outside Family Bank in Thika, a very busy street. If am not there, I am outside Macvast Restaurant opposite Thika arcade. I am a part time student pursuing Certificate in Public Accounting. Currently from 8 am to 4:30 pm I am under internship prior going to my business at 5 pm. I am doing an internship at Thika Chemist. I started my business in 2011. This was after my parents got into financial problems and I had to make ends meet and educate myself. The business has enabled me pay my course and also assist my parents in ensuring that my sister is not sent home for school fees. I purchase shoes from Eastleigh in Nairobi in Garissa Mall.

My Business

My business is in selling women's shoes. I target women in particular because I sell during rush hour, along a busy street in Eastleigh, where they have a tendency to walk past whilst window shopping. Consequently, I stock a wide variety in order to suit every woman's needs. Using knowledge from my accounting and customer service background, I have the ability to lure my customers into coming to my shop and buying my shoes. I ensure the customer gets a bargain, whilst making a profit, as just one single pair can make me Ksh. 400 profit at minimum. Unfortunately, because I showcase all my shoes on the floor, when it rains they get spoilt, and thus my business cannot function. However, because I deliver on my word, my customers are very loyal and make personal orders, and even before payment, I give them what they want.

Loan Proposal

Thanks zidisha and lenders for the role you have given me to serve as volunteer mentor. this is my third loan to post on zidisha with always 100% good track of repayment on time. i am now intending to increase my stock by investing in men shoes. i had always dealt with ladies shoes and childrens shoes. this time i want to diversify and include men shoes at my businessi will use most of my loan 60% to purchase men shoes which i believe are normally expensive but with your loan i believe i will manage. 30% i will use it to increase the stock of ladies and childrens shoes . the rest of the money i will cater for expenses such transport and pay for license permit as its normally renewed at the month of april. with your support i believe i will achieve my dreams. i promise to keep my word as usual , I WILL NEVER FALL IN DEBT!!! Thanks in advance as you fund my project..

Show original English  

About Me

I am a twenty six year old male Kenyan Citizen. I am the first born in a family of two. I have a sister in high school, form three this year. Her name is Susan Njeri. I live in Thika, Majengo Estate opposite Thika Primary School House Number 8, Plot Number 23. I deal with ladies shoes. I normally sell in the evening from 5pm just outside Family Bank in Thika, a very busy street. If am not there, I am outside Macvast Restaurant opposite Thika arcade. I am a part time student pursuing Certificate in Public Accounting. Currently from 8 am to 4:30 pm I am under internship prior going to my business at 5 pm. I am under internship at Thika Chemist. I started my business in 2011. This was after my parents got into a financial problem and I had to make ends meet and educate myself. The business has enabled me pay my course and also assist my parents in ensuring that my sister is not sent home for school fees. I purchase shoes from Eaastleigh in Nairobi in Garissa Mall. In Eastleigh is where you will fi

My Business

I deal in selling ladies shoes. I get them at a very cheap price in Eastleigh, Nairobi. At the time I start selling them, its when people are from their places of work. Rush hour. As people drive or walk home, especially ladies have a tendency to walk while window shopping and consequently buy what pleases them. Knowing this, I decided to target them. I stock a wide variety of shoes to suit every woman's needs. With my accounting and customer service background, I am able lure my customers to buying and coming along with friends. Apart from that, I ensure that a customer gets a commodity worth his money or bargain. The business is indeed profitable as just a pair minimum can fetch Ksh. 400 in profit on the lower side. The risks involved in the business is in-case it rains, before one could collect all the shoes on the floor, they could get rained on and spoil. My customers are loyal to me because I get to deliver on my word. They make personal orders and even before payment, I get to bring what

Loan Proposal

Thanks zidisha and lenders for the role you have given me to serve as volunteer mentor. this is my third loan to post on zidisha with always 100% good track of repayment on time. i am now intending to increase my stock by investing in men shoes. i had always dealt with ladies shoes and childrens shoes. this time i want to diversify and include men shoes at my businessi will use most of my loan 60% to purchase men shoes which i believe are normally expensive but with your loan i believe i will manage. 30% i will use it to increase the stock of ladies and childrens shoes . the rest of the money i will cater for expenses such transport and pay for license permit as its normally renewed at the month of april. with your support i believe i will achieve my dreams. i promise to keep my word as usual , I WILL NEVER FALL IN DEBT!!! Thanks in advance as you fund my project..

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$848.00

Date disbursed

Apr 8, 2014

Repayment status

On Time

Projected term

5 months

Lenders

S

Snick

Halle, Germany

EricDWalters

Rochester, Mn, Usa, United States

P

Philippe

Adliswil, Switzerland

DLarson

Morris, United States

Bobrm2k3

Charleston, United States

Thilo

Germany

Sarasota

Sarasota, Fl, United States

C

CZC

Lake Zurich, United States

L

lenders

United States

F

FloridaCandle

United States

A

ATMiller

United States

M

Myrte13

Netherlands

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  • Lewis    Feb 3, 2016

    lease explain here the reason for the change in the repayment schedule (as much as you are comfortable sharing), and include an update on how the investment you made with the loan has turned out. This will be posted on your public loan profile page.

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  • Lewis    Jan 22, 2016

    dear lenders this month i will reduce my dues, please continue bearing with me, very soon am going to retain back my 100% loan repayment rate

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  • KM    Jan 1, 2016

    Best wishes in the new year, I hope that your business recovers nicely.

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  • KM    Nov 30, 2015

    Thank-you for your continuing repayments despite the loss of your stock.

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  • Lewis    Sep 10, 2015

    dear lenders,
    Am sorry to inform you my lenders that last week on Saturday my job was broken into by robbers and they stole all my stock worth atleast 1000 dollars, it was so frastrating and a stressful moment for me, i have reported the case to thika police station and a the police are holding the suspect whom we think could have masterminded this crime is the watchman, please bear with me and pray for me, i will keep you informed .

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    • KM    Sep 14, 2015

      I'm sorry to learn that this has happened. I hope that the police will be able to recover some of your losses.
      Of course I'll understand if you have to cut back on your repayments, and hope that you will have better news for us soon.

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  • KM    Aug 22, 2015

    Thank-you for continuing with your repayments and updates, how is your business doing?

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    • Lewis    Sep 10, 2015

      Am sorry to inform you my lenders that last week on Saturday my job was broken into by robbers and they stole all my stock worth atleast 1000 dollars, it was so frastrating and a stressful moment for me, i have reported the case to thika police station and a the police are holding the suspect whom we think could have masterminded this crime is the watchman, please bear with me and pray for me, i will keep you informed .

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  • andyfletcher    Jul 26, 2015

    Hello Lewis,
    Do you have any news of Simon Njugu yet?

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    • Lewis    Oct 21, 2015

      hi Andy, simon njugu is always out of reach but I always send him text messages so that he can do some repayments..

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  • Lewis    Jul 24, 2015

    Today it was a land mark as most of the businesses in kenya were closed for the home coming party to welcome the POTUS barrack obama in his father land.

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  • andyfletcher    Jul 1, 2015

    Hello Lewis,
    I hope your business is improving.
    Can you please contact Simon Njugu, a borrower you invited, to get an update on his repayments? Thank you.

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  • Roy    May 25, 2015

    Hello Lewis, Are you able to give us any updates on Charles Maina's repayments? I would be grateful if you would try.
    Thank you,

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    • Lewis    Jun 5, 2015

      Hi roy on may 22 i had spoken to charles maina via phone, bt today as i was checking on him his phone was out of reach, i have also noted his invitee are on arrears, anyway this should not discourage yu from the good work yu do, i will try to get him and make him repay his arrears. Anyway thanks.

      Regards
      lewis njau
      v.m

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  • Japheth    May 18, 2015

    dear lenders.... i would like to appeal to you to please help me fund my loan..am only remaining with 4 days before it expires. so far i have managed to raise $60 of the $535 i need...my record with the two previouse loan is impressive having managed to pay 100% of all my installments on time. As such you can trust me.

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  • Japheth    May 18, 2015

    hallo lewis....please allow me to use your profile to appeal to lenders to help me fund my loan.

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    • Lewis    Jun 5, 2015

      Hi dulo, always feel free to express your thoughts in my page. All the best in your activities.

      Regards
      lewis njau
      v.m

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  • Sputnik    Mar 25, 2015

    Hi Lewis

    Do I get you right in that you invested the money borrowed (or part of it) in shares? I would find that very annoying news because it never was part of the deal.

    Thanks for your answer.

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    • Sputnik    Apr 15, 2015

      No answer is an answer, as we say here.
      Very disappointing.

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  • Lewis    Mar 25, 2015

    i cannot pay the full installment amount due. I would like to reduce my payment. this is due to the financial constraint but i will resume my high rate of time very soon i have done this so as to wait for maturity of my shares in the stock exchange, i have bought them when they are at the lowest price and in a short period of time , i know you will also rejoice as i resume my high rate of payment, for now i have sent my one week due with prepayment of one month. thanks alot for always being my supporters

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  • Lewis    Feb 13, 2015

    hi my lenders, my business is still doing marvelous , i got employed at and this has also contributed to booming of my business so much, with you guys you have really made my life to change alot
    thanks alot, about arrears on the people i mentor i will always keep them on tosse until they make all payments
    lewis njau
    V.M

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  • Catherine CatDesignz    Jan 21, 2015

    Still no update on Mercy. Can you please contact her and find out when she is going to start making repayments on her loan. She already missed the first 3 repayments and the 4th is due in a couple of days

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    • Lewis    Feb 13, 2015

      hi catherine sorry on behalf of mercy, i have tried to get her but her phone was out of reach, i wiil still keep on trying to get in touch with her
      LEWIS NJAU

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  • Catherine CatDesignz    Jan 18, 2015

    Hi Lewis. Hope things are OK with you. Please ca you tell me what is happening with Mercy Wambui ? She has not made any repayments and has now missed 3 of them. Please can you get an update? Thanks

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  • Dragonclaw    Jan 14, 2015

    Hi,

    I have lent Antony Syengo (invited by Alphazad Mutemi) some money and he is late of repayment.
    Do u have any information what's the matter?
    Would be nice to have some news

    Thanks a lot

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    • Lewis    Feb 13, 2015

      hi dragon, i sent a text message to alphazard mutemi about his friend antony and he replied to me that he will meet antony and they discusss on how he will repay all his arrears
      lewis njau
      V.M

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  • Lewis    Dec 23, 2014

    Reducing your installment amount (and paying the reduced amount on time) will allow you to keep your on-time repayment score high, so that you can continue to qualify for loan size increases and other privileges.

    Will using this option affect my on-time repayment score?

    No: As long as you make the new installment amount payment on time, your on-time repayment score will not be harmed by reducing the installment amount.

    Can I postpone my installment instead?

    We believe that regular on-time repayments, no matter how small, are important to preserving a relationship of trust with lenders and our community. For this reason, we do not offer the option to postpone payments. Instead, you may temporarily reduce your installment to an amount you can afford to pay on the due date, and then increase the amount again for later installments.

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  • Sputnik    Dec 6, 2014

    Hi Lewis
    Can you please inquire about Bob Nungari? He has not repaid for a long time.
    Thank you.

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    • Lewis    Feb 13, 2015

      hi sputnik i meet with bob nungari and since then i have noticed that he is sending money little by little

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