To buy second-hand shoes to sell

Kipngeno Dennis

Kericho, Kenya

41% repaid

Entrepreneur

Name

Kipngeno Dennis

Member since

June 2014

On-time repayments

46 installments  •  30%

About Me

I am a male Kenyan citizen by birth from Kericho county, I am the first born child in a family of four children.two boys and two girls.i went to school at Highlands primary in Kericho town where I did my Kenya certificate of primary education{K.C.P.E}in the year 2005 and later joined kaptel boys high school in nandi county where I sat for my Kenya certificate of secondary education [K.C.S.E} in the year 2009.i later learned computer packages in the year 2010.my home is two km from Kericho town a place called Nyakacho.i started my business of selling second hand shoes in the year 2011 just after completing my computer studies’ started it because saw a demand in the market.th earning from the business I use to increase my stock and gather for my welfare

My Business

I sell second hands shoes in Kericho county main market. Kericho is a first growing town and hence there is high demand if second hand shoes especially from women both young and old age. There is a lot of competition in town as many people have venture into the same business but mine thrives because I provide quality shoes with good customer relation that I had developed over the last three years I had been in the business. My business generate between USD 140 to USD profit per month which I used to had stock and gather for my welfare. So zidisha loan will help me to increase stock and also open a small shop which I intend to sell the same product

Loan Proposal

To all my lenders with loan funds I will get from you good people I will be able to increase my stock and open a small shop which I can also sell second hand shoes. I will use 30 dollars on purchasing more stock, 20 USD on acquiring the shop. I will be grateful to all of you who will be touched to contribute towards my loan funds request and I promise not to let you down. Good day and may you may continued being bless by almighty living God

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$49.85

Date disbursed

Oct 3, 2014

Repayment status

Late

Projected term

10 months

Cost to entrepreneur

Lender interest: $49.85 at 4.00% annual rate over 10 months = $1.80

Service fee: $1.40

Lenders

dlpringle

Denver, United States

M

mguenter

Switzerland

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