Loan to boost my ladies shoes inventory

Esther

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Esther

Member since

October 2014

On-time repayments

65 installments  •  78%

About Me

I was born in Central region of Kenya in a family of 5 where I am the second born. I was born in a typical rural family and raised by my parents who are small scale farmers. My dad also works as a driver to supplement the family’s income. I later joined local schools for my primary and secondary education.
I later relocated to Mombasa city to live with my uncle. While there I enrolled in a training college where I undertook a course in hairdressing and beauty. I also did a short course in computer operations. I later got a job at a beauty parlor shortly after completing my course. I later quit due to low wages and started my own business.
I am a hardworking person and I believe in leading an honest life. I am a very active member of my church and I am involved in many social activities.

My Business

My business entails selling of ladies shoes within Mombasa town. I decided to start this business because I had established a good network of lady friends when I was working in the beauty industry and this gives me a competitive edge over my competitors. I also do it from door to door since I do not have store at the moment.

My net profit averages about $150 but this can go up during the peak period. I am using this business as a stepping stone towards my ultimate goal of opening my own beauty parlor.

Loan Proposal

As we head to the festive season, the demand for shoes will go up. For this reason, I need to boost my stock to cater for clients demands. I plan to spend this money to buy about a dozen pair of ladies shoes. I am hoping to make good sales during the season thus make a good profit out of it.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Nov 14, 2014

Repayment status

On Time

Projected term

7 months

Other loans

Lenders

mepster

San Francisco, Ca, United States

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