More stock for my bags business

Samuel Karanja

Kajiado, Kenya

100% repaid

Entrepreneur

Name

Samuel Karanja

Member since

November 2018

On-time repayments

5 installments  •  80%

About Me

Hi, I'm Samuel living in Ongata Rongai town which is in Kajiado county, in the outskirts of Nairobi, Kenya. I run a business of retailing second hand assorted bags at my shop in Ongata Rongai town.

My Business

I run a shop merchandising assortment of second hand bags. I started the business five years ago and i want to take it to the next level. I have stumbled on an opportunity to buy out a struggling business and convert it as my store so as to expand my business.

I need US $ 500 to pay for the goodwill and do renovations. The breakdown is as follows

I'll use US $ 300 to pay rent arrears for the said shop.

Pay US $ 100 as transaction fee for change of ownership.

Use US $ 100 to renovate the premises.

In total I'm requesting Zidisha team for a loan of US $ 500.

Looking forward for your assistance.

Loan Proposal

I am in the business of selling second hand bags. I buy bales of mixed bags which i later retail in my shop. A mixed bale of bags will cost an average of US $ 500 which i will retail at an average of US $ 700. Less overhead expenses of about US $ 100 i therefore make about US $ 100 as profit. With injecting more capital to boost my stock, i'm looking forward to increase the profits. Kenya being a developing country, most of my customers comfortably afford my merchandise and have helped me grow my business. It's a win-win situation for my self and the customers i serve. I thank Zidisha and look forward to working closely with the organization.

Feedback

1

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$14.00

Date disbursed

Nov 22, 2018

Repayment status

On Time

Projected term

1 week

Lenders

Ask Samuel Karanja a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$14.85

Amount remaining

$0.00

Date repaid

Nov 29, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Dec 1, 2018 $14.85 Nov 29, 2018 $14.85

Loading...