Loan to buy new shoe products

Ibrahim

Ruaraka, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Ibrahim

Member since

May 2016

On-time repayments

174 installments • 50%

About Me

I grew up in nyamira district in a small town known as Nyamataro within kerema district found in the current Nyamira county. This is where i did all my schooling both primary and secondary education. my father is a tea farmer, and i come from a family of 7 , three brothers and four sisters, so i struggled to gain my education. i managed to complete my secondary education. i later joined a local polytechnic where i did some mechanics. By doing this i was able to raise some monies with which i bought the daily needs of my family such as food clothing and money to educate my daughters

My Business

I run a small shop where i sell spare parts . i specialize in selling motorcycle spare parts. i started by reparing motocycles ,but i later opened a shop for spare parts, since i realized that this was easy and its income was a bit stable and i could be more indipendent.
i decided to do this business because, most people use moto cycles where i live, and most times they needed spare-parts and repairs to be done for them.
typical cost for my business is paying rent for the small house that houses my business. i pay for electricity and city council revenues.
the small i get from my business, i save and pay fees for my children, because i want them top have a good future

Loan Proposal

I do a business of stocking and selling shoes. I need to add another variety of new shoes. Currently I have saved , and I need this loan to add to what I have and increase stock.
1 carton of adza shoes of 12 pairs goes for 120 dollars

And I need different types , and I need like five cartons which will cost 600 dolars

I will highly appreciate your support