More shoes to sell

Entrepreneur

About Me

My name is Wilfred, a businessman and a church minister in Mombasa city. I deal with buying and selling of shoes. I am married with 3 children and my wife is also in business where she sells clothes.

We complement each other and support our young family. My first born is 13 years old and the last born 6 years. They all aspire to do well in school and get professional jobs like doctors and engineers.

I also spend a lot of time in church where I do various duties such as organizing various groups and praying for the faithfuls.

My Business

I buy and sell many different types of shoes. I normally get my stock from wholesalers and then sell at a profit. Occasionally I cross to the neighboring countries where some type of shoes are cheaper.

I make about $200 per month from the sale of shoes. I hope the business will keep growing and transform into a big store in the city center. This way I will be able to make more sales and make more profit that will enable my family to be financially independent.

Loan Proposal

With the loan, I will buy a few pairs of low budget shoes which I will then sell from my outlet. Since the money is not much, it is not likely to make a big impact on the business but I am more focused on getting bigger loans after this one.

I hope to increase my credit limit in the near future to help me grow my business rapidly. My repayment record is not good because I had difficulties with the repayment procedure and I delayed my first payment. I am glad I now know how to do it and will pay on time once given another chance.

Thank you.

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