Money to add stock in my shoes business

Samuel Kiarie

Kahawa Wendani, Kenya

16% repaid

Entrepreneur

Name

Samuel Kiarie

Member since

February 2015

On-time repayments

100 installments  •  13%

About Me

my name is Samuel Kiarie born and bred in Nairobi to a retied army officer and small scale farmer mother, am the first born son in a family of four,three girls and one boy, am married and have one daughter. i attended Kenyatta university primary school and later joined Baricho high school for my secondary education, i joined Parapet college and trained as a housekeeper but i have not secured formal employment and currently am engaged in selling secondhand shoes and would like to expand my business but am constrained by lack of finances due to the bureaucratic process of getting finance in Kenya

My Business

Am a small scale trader where am engaged in the business of selling secondhand shoes mainly ladies shoes, my business is located in Kiwanja shopping center and my clients are mostly university students,these second hand shoes i normally source from Gikomba market which is the biggest market in east and central Africa and currently i buy the shoes from traders who buy bales and sell to small scale traders like me but i would like to buy my own bale in order to increase my profit margin and offer employment to others

Loan Proposal

I intend to use the loan to increase my stock by buying a bale of shoes which has more shoes and i will get a discount because of buying in bulk hence increase my profit and satisfy my clients with a wide variety to choose from. Currently i need 15000 shillings and if the proposal is successful i will be able to save more and be able to repay the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.38

Date disbursed

Feb 23, 2015

Repayment status

Late

Projected term

23 months

Cost to entrepreneur

Lender interest: $100.38 at 1.07% annual rate over 23 months = $2.10

Service fee: $7.35

Lenders

P

Philippe

Adliswil, Switzerland

F

Frenchie

Johannesburg, United Arab Emirates

E

ewaters1

Australia

J

jlhardes

United States

E

expatri

United States

mepster

San Francisco, Ca, United States

L

Linda

United States

J

JimBaer

United States

Q

qeorge

United States

D

Dowdin

United Kingdom

chriseyre

Fremont, Ca, United States

M

Mikat

United States

H

hedyeyre

United States

E

EvergreenBob49

United States

G

GMB2014

United States

O

OzMonkey

Australia

Kmc138

United States

S

simonthompson99

United Kingdom

S

Sophia20450

United States

AndrewNeu

Ho Chi Minh, Vietnam

B

Boswags

United States

M

MikeP

United States

N

NorCalLender

United States

A

araali

United States

M

Mkaput926

United States

J

JonAlec

United States

D

Desteli

United States

S

spaceandthyme

United States

C

cyberangel

United States

P

pfeng

United States

Grant Xavier Storer

Seattle, Wa, United States

D

dabatate

Saarbrücken, Saarland, Germany

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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