Buying second-hand shoes

Ibrahim

Ruaraka, Kenya

3% repaid

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 need a loan to buy second hand shoes for sale in my stall. Currently am selling locally manufactured shoes, so i want to stock second hand shoes because they are equally of high demand.
This shoes are cheap and affordable thus this business can bring high returns.
To buy abale of second hand shoes it costs around 500dollars, i need to buy two bales to sale in December when the demand is high
Thanks for accepting to fund my proposal

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$936.00

Date disbursed

Dec 20, 2017

Repayment status

Late

Projected term

35 months

Lenders

ElWal

Kirn, Germany

GaloLending

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

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