Purchasing leather sewing machine for shoe business

Joseph

Kawangware, Kenya

100% repaid

Entrepreneur

Name

Joseph

Member since

February 2015

On-time repayments

52 installments  •  19%

About Me

I am the first born in a family of 3 children and I grew up in the slums of Nairobi whereby life was hard because my parents were unemployed. My father passed on when I had joined secondary school and so I had to drop out of school and support my mother to take care of my siblings. I secured a casual job where I worked hard and used my salary to support my mother and partly put aside to enable me resume secondary school.

My employer allowed me to join school and work after school and over the weekend. I struggled with various challenges and finally completed and continued work and started saving so that I could establish a business which will enable me to earn more money and provide quality life to my mother who is sick because of old age.

My Business

I started shoes repair business as I had the passion and their was need in the community because no one offered the services. My business has been in existence for over 4 years and it involves repair and offering polishing services to the local residents. I have completed training in leather work and now want to start producing shoes as well as repairing which will enable me to increase my profit which I intend to use to offer good medical care for my mother as well as start my own family and in the long run expand my business into big shoe production.

Loan Proposal

My business involves repair and making of shoes and the demand for the products is high because very few business people are involved in the business thus I intend to use part of my savings and Zidisha loan to buy a second hand sewing machine at $ 85. The machine will enable me to produce various kind of children ,women and men shoes thus offer my customers alternatives to choose from. This will increase my profit which I will use to support my sick mother as well as expand my business so that I can start my own family.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 13, 2015

Repayment status

On Time

Projected term

3 months

Other loans

Lenders

P

Philippe

Adliswil, Switzerland

BJ

Brandon Joz

North Carolina, United States

Jouni

Finland

ads68

Melbourne, Australia

Kathunka

Bern, Switzerland

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