Mkoji2

Michael

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Michael

Member since

October 2018

On-time repayments

7 installments  •  43%

About Me

Hallo Lenders,
I am Michael, from Kenya. I have been doing some online auction trading for some few months now, I have identified great opportunities through buying consumer goods from EU auctions, shipping them to Kenya and selling them at a sound profit. So far I have traded about USD 1500, subsequently making a profit of about USD 800. I now need to increase my volumes of goods that I buy from the auctions, which is why I signed up with Zidisha to gradually build my credit rating so as to access substantial loans to grow my business. Every loan that you advance to me, and I repay on time, moves me closer to this goal, I thank you in advance for considering me.

Best Regards

Michael

My Business

Online Auction Trading

Loan Proposal

I am currently trying my hand on online auction trading, buying consumer goods at low prices at online auctions, shipping them into Kenya, then sell them for a good profit. I am starting with small quantities, later on I will increase the quantity gradually as I study demand and supply of a variety of goods. We are approaching Christmas period and it is a good season to make sales. I am hoping to have a good stock of children Toys, Books, Clothes and other consumer goods. My last purchase was 40 Collins Publishers Children picture atlases that I spent around USD400 to purchase from the UK and ship to Kenya, these atlases were sold out within two weeks with a profit margin of USD300. I hope to expand this venture with your assistance, thank you in advance.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

Oct 18, 2018

Repayment status

On Time

Projected term

1 week

Lenders

A

Andrei

United States

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