Entrepreneur
Name
Stephene
Member since
January 2014
On-time repayments
38 installments • 66%
About Me
Am a honest gentleman aged 24 years who is passionate about what he does, a holder of a Diploma in Information Technology, from a humble background of 8 siblings initially running a small business of selling second hand clothes and now trough the help of zidisha has grown to include both new and second hand clothes to supplement my family's income since two of my younger siblings are in school
My hobbies include writing small computer applications and traveling around my country
Very optimistic and takes life challenges head on but not shying away from them and that has really helped me to overcome many challenges
Am hoping to improve my capital to include the sale of new and second hand shoes in my business
Please help out a brother
My Business
My small but fast growing business of selling second hand clothes and now includes new clothes gives me some profit which I will use to repay my loan. I intend to improve on customer choices and variety by introducing ladies shoes in my shop.
In my locale, the community around is mainly made up low and medium income earners who mainly depend on second hand shoes and the medium class who depend on both new and second hand shoes. That's why I am making this bold move to include new ladies shoes in my shop
Customer service and quality products are some of the things that I have been keen on so as to make me be on top of the stiff competition faced by my fellow businesses
Considering the cost of buying the new ladies shoes and the demand, the business is a able to meet its operational costs and leave some margin as profit
The main costs include the buying of the actual stock,transportation costs,storage facilities, city council levies and some other few miscellaneous costs
Stock value is approximately USD 1500 up from USD 1200 following my previous funding with operational costs amounting to about USD 126
Profits range between 45 - 50 percent of the total sales approximately sales amounting to USD 770 per month.
Loan Proposal
First,Am very grateful for you who came to my aid and supported my first application, Words cant explain what I felt when I received the funds.Am counting on you to come to my aid even this time round
I used the funds to increase my stocks of second hand clothes and I believe am ready for the market demands
However, as the marker dynamics demand, innovation and evolution are some key players in a market. and for this reason, am taking a bold move to Include the sale of new clothes in my shop
Am targeting the medium income earners who are invading my locale as a result of the introduction of County Governments in my Country
I believe the market is ready for my proposal and the goods will have a partially ready market
Come and be part of my Dream
Thanks In Advance
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Loan Info
Project Type
Classic Loan
Disbursed amount
$139.00
Date disbursed
Jul 14, 2014
Repayment status
On Time
Projected term
4 months
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