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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1.00
Date disbursed
Oct 18, 2018
Repayment status
On Time
Projected term
1 week
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