Stocking a larger variety of shoes to sell
Mwirigi
Kabati, Kenya
84% repaid
Entrepreneur
Name
Mwirigi
Member since
May 2014
On-time repayments
209 installments • 15%
About Me
I was born in a family of two in Njoro Nakuru County in Kenya where I also studied. After school I relocated to Naivasha to look for a job where I got with flower farms. I rent room to reside and sustain myself. After a year I realize the need to improve myself and that of my family an idea was born and I started a hawking shoes business operating on my part time especially after work and my day off, which I faced high competition because I didn’t have enough time to concentrate with my business. I saw the need to resign and give more time to business to grow and meet the demand of my customers.
My Business
As I have already said, I started my shoe business 2 years ago in Naivasha. I love my business and although there is a lot of competition, I keep my customers happy by giving them what they want. This business is good because you can't find a person going bear foot. The business helps me support my family financially.
The challenge am facing currently is lack of enough money to increase my stock and open a boutique within town with more varieties to meet the growing demand in the market and stop hawking in which I'll have more time for creativity and innovation in the business.
Loan Proposal
My Loan Proposal
Thanks lenders for being ready to support my loan application. I am really eager to watch my business increase and this will help me meet my dream of being the supplier of shoes for both sexes in future. After being funded I intend to use the loan to open a boutique within Naivasha town which is the central business district of Naivasha Sub-County. The population of this town has grown at very high speed thus making it a good place to do business. Am looking forward for your funding that I may be able to at least to meet the growing demand in the market. The wholesale price per shoe is $ 3.9. I would like to purchase 35 pairs of shoes at 136.5 dollars. Which I will later sell at5.85 dollars each giving me a profit of 1.95 dollars; this will attract a profit of 68.25 dollars .With no doubt my financial status will change because I will continue to increase more and more stock. These new stock will help me to meet the demand of my customers and be able to develop myself financially Please support me. Thank you!.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Jul 9, 2014
Repayment status
Late
Projected term
49 months
Lenders
Southampton, United Kingdom
Lahr, Germany
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