Loan to add clothes(for all genders) and shoes(women) in my
Kibet Machuki
Eldoret, Kenya
8% repaid
Entrepreneur
Name
Kibet Machuki
Member since
September 2016
On-time repayments
203 installments • 35%
About Me
I was brought up in a Christian family in Nakuru,went through primary ,secondary and university level.I hold a Bachelor's Degree in Economics.
I went through various hurdles in life and later ventured into a small business using little capital.
I love my culture as it's the only culture that accepts any individual. Love playing football.
My Business
I have a business that deals with clothes for all genders and shoes for women. I get the clothes monthly from USA and some from Uganda and Tanzania then sell in Kenya. The items are in huge demand and I have lately been trying to increase my stock and luckily it's working out well and want to do more and more. I chose the business because of the less competition , profitability and also because of a potential market(Students from the nearby University and also the local communities).
Costs incurred is roughly Ksh.205500 and a gross profit of Ksh.420000 is realized.These profits have greatly improved thanks to Zidisha for boosting my stock and thus resulting to increased earnings. I use the profits to reinvest into the business by increasing stock and also paying my siblings school fees.
Loan Proposal
Through Zidisha,my shop has really progressed to another level. My stock has improved and this has attracted many more customers from all over. In fact the demand has really grown and my items are really selling.
My projection of demand as we head to this festive season is double the current demand. It's with this readon that I have to get ready to handle this huge demand for my products. I am therefore in need of funds to add stock(clothes for all gender and shoes for women).
This loan will be purely used to add lore stock to my business. This will increase my earnings by around 21% and will also make more products readily available for my customers.
THANK YOU LENDERS AND ZIDISHA COMMUNITY FOR YOUR WARM AND CONTINUED SUPPORT. « I cherish you»
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,245.00
Date disbursed
Nov 18, 2017
Repayment status
Late
Projected term
54 months
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