Purchase bulk inventory of shoes for sale
Magret
Kibuye, Kenya
17% repaid
Entrepreneur
Name
Magret
Member since
March 2015
On-time repayments
198 installments • 14%
About Me
I am 32 years old, born and raised in Kisumu, Kenya. I attended primary school and secondary. Though I managed to complete school, I went through a lot of hardships. Having lost my parents at an age of six, I was helped by my relatives.
Due to pressures they did have in our extended family, I had to find a way to make a rightful living. I didn't get help to join college. I regret why I didn't perform well in my exams to attain marks to join campus. I do know that education is valuable in life, but I know that I can get to rise and be someone of importance like Bill Gates.
I am single, trying to work hard to be financially stable so that I can think of marriage. I am hoping that everything will work out well so that my children may not go through what I did go through. I want them to have the best that I can provide for them.
My Business
It is through hard work that I managed to raise capital of $232 to start a secondhand shoe selling business. To get this capital, I worked different jobs as a nanny or house help and did garden work too. It took me two and a half years. I really needed patience, perseverance and determination to realize this. Life is hard in Kenya, but one has to try out his or her best, aiming high always.
I then got a stall at Kibuye in the market where I started my business. I buy my stock from the neighboring country Uganda because they are cheap there, and then I sell them in Kenya to make a profit of $5 to $8 per pair of shoes.
The key to success is to meet the demand for an upscale women's and men's shoe store with a wide selection and focused customer attention.
Objectives of my shoe resale store
1. To create a product–based retail store whose primary goal is to exceed customer’s expectations.
2. To increase the number of clients served by 15% per year by serving an unmet need with outstanding selection and customer service.
3. To develop my business surviving off its own cash flow.
Mission
To provide an upscale selection of women's and men's shoes and outstanding customer service. When I adhere to this, everything will fall in its place. My service will exceed the expectations of my customers.
Product
These are the categories of shoes that I sell: sandals, loafers, stylish shoes, dress shoes, canvas athletic/ stylish shoes. My business strives to have one of the largest selection of shoes in Kisumu’s Kibuye Market.
Market analysis
My shoe resale business targets two distinct groups of fashion – conscious females and male shoppers, professional workers and housewives. While both groups are interested in dress shoes, the professionals will be looking for fashionable shoes they are able to wear with their business attire. The housewives might be looking for fashionable but more casual shoes.
Market segmentation
Targeting two different population segments within the broad category of fashion – conscious females and males with disposable income.
1. Professionals: these are full-time working professional men and women working in Kisumu and its environs. They typically earn more than $200 p.m. They will purchase shoes for the workplace as well as for leisure time.
2. Housewives: the household income of this group is $70 - $150, generally towards the higher end of that range.
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These markets are targeted through my attractive eye-catching storefront in my stall; this enables me receive walk-through customers.
My business deals with the retail of both new and secondhand shoes, which I purchase from a neighboring country, Uganda, delivering them to my stall for sale.
My monthly expenses are as follows:
Rent $27.00
Electricity and water bills $ 8.60
My salary $80.64
Transport $ 16.12 (twice in a month to and from Uganda)
My sales in a month $ 200.00
Less expenses $ 133.00
Profit $67.64
My profit in a month ranges from $65.00 to $75.00. This I use in the purchase of more inventory.
Loan Proposal
This second loan will help me increase my inventory a big deal as compared to my first loan. I want to increase my inventory and purchase them once from Uganda in one trip so as to cut down my transport cost to approximately 40% from $ 16.12 to $ 9.00.
Adding to the profit I currently have ($69.00), if my loan gets fully funded ($200) then I will be in a position to purchase stock worth $270.00, from which I expect returns of 60% , which will aid me in paying my installments in time. Reploughing back the profits will ensure continued flow of returns, hence ensuring I pay my installments without any hindrance.
I would like to thank Zidisha Inc. and my lenders for the support and in helping me better my business. I kindly request for their continued support in helping me raise my second loan.
God bless.
About Me
Am 32 years old born and raised in Kisumu kenya. I attended Primary school and Secondary. though i managed to complete school i went through a lot of hardships. Having lost my parents at an age of six. i was helped by my relatives.
Due to pressures they did have in our extended family i had to find a way to make a rightful living. i didn't get help to join college. I regret why I didn't why i didn't perform well in my exams to attain marks to join Campus. i do know that education is valueable in life but i know that i can get to rise and ne somwone of importance like Bill gates.
i am single trying to work hard to be financially stable so that i can think of marriage. i am hoping that everything will work out well so that my children may not go through what i did go through. i want them to have the best that i can provide for them.
My Business
it is through hard-work that i managed to raise capital $232 to start a second hand shoe selling business.to get this capital i worked different jobs as a nanny or house help did garden work too.it took me two and a half years.it really needed patience perseverance and determination to realize this. life is hard in Kenya ,but one has to try out his o her best aiming high always
i then got a stall at Kibuye in the market where i started my business. i buy my stock from the neighboring country Uganda because they are cheap there and sell them in Kenya to make a profit of $5 to $8 per a pair of shoe.
The key to success is to meet the demand for an upscale woman and man shoe store with a wide selection and focused customers attention.
Objectives of my shoe resale store
1. Create a product –based retail store whose primary goal is to exceed customer’s expectations.
2. To increase the number of clients served by 15% per year by serving an unmet need with outstanding selection and customer service.
3. To develop my business surviving off its own cash flow.
Mission
To provide an upscale selection of women and men shoes and outstanding customer service. When I adhere to this everything will fall in its place. My service will exceed the expectations of my customers.
Product
These are the categories of shoes that I sell: sandals, Loafers, stylish shoes, dress shoes, canvas athletic/ stylish shoes. My business strives to have one of the largest selection of shoes in Kisumu’s Kibuye Market.
Market analysis
My shoe resale business targets two distinct groups of fashion – conscious females and male shoppers, professional workers and housewives. While both groups are interested in dress shoes, the professionals will be looking for fashionable shoes they are able to wear with their business attire. The housewives might be looking for fashionable but more casual shoes.
Market segmentation
Targeting two different population segments within the broad category of fashion – conscious female and male with disposable income.
1. Professionals: these are full time working professional men and women working in Kisumu and its environ. They typically earn more than $200 p.m. they will purchase shoes for the workplace as well as for leisure time.
2. Housewives : the household income of this group is $70 - $150 generally towards the higher end of range.
Advertisement
These markets are targeted through my attractive eye catching storefront in my stall, this enables me receive – walkthrough customers.
My business deals with the retail of both new and second hand shoes, which I purchase from a neighboring country Uganda, delivering them to my stall for sale.
My monthly expenses are as follows:
Rent $27.00
Electricity and water bills $ 8.60
My salary $80.64
Transport $ 16.12 (twice in a month to and fro Uganda)
My sales in a month $ 200.00
Less expenses $ 133.00
Profit $67.64
My profit in a month ranges from $65.00 to $75.00. This I use in the purchase of more inventory.
Loan Proposal
This second loan will help me increase my inventory a big deal as compared to my first loan. I want to increase my inventory and purchase them once from Uganda in one trip so as to cut down my transport cost to approximately 40% from $ 16.12 to $ 9.00. adding to the profit I currently have $ 69.00 if my loan gets fully funded $200 then I will be in a position to purchase stock worth $ 270.00 from which I expect returns of 60% , which will aid me in paying my installments in time so as to finish my installments in time. Re-ploughing back the profits will ensure continued flow of returns hence ensuring I pay my installments without any hindrance.
I would like to thank Zidisha Inc. and my lender for the support and in helping me better my business. I kindly request for their continued support in helping me raise my second loan.
God bless.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$192.00
Date disbursed
Jun 2, 2015
Repayment status
Late
Projected term
44 months
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Summary
Amount repaid
$35.11
Amount remaining
$167.05
Expected completion
Jan 27, 2019
Status
Repaying late
Installment amount
$1.05
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 14, 2015 | $5.26 | Jun 21, 2015 | $5.26 |
| Jun 21, 2015 | $0.00 | ||
| Jun 28, 2015 | $1.05 | Jul 17, 2015 | $1.05 |
| Jul 5, 2015 | $1.05 | Jul 17, 2015 | $1.05 |
| Jul 12, 2015 | $1.05 | Jul 17, 2015 | $1.05 |
| Jul 19, 2015 | $1.05 | Jul 17, 2015 | $1.05 |
| Jul 26, 2015 | $1.05 | Jul 17, 2015 | $1.03 |
| Aug 4, 2015 | $0.02 | ||
| Aug 2, 2015 | $1.05 | Aug 4, 2015 | $1.05 |
| Aug 9, 2015 | $1.05 | Aug 4, 2015 | $1.05 |
| Aug 16, 2015 | $1.05 | Aug 4, 2015 | $1.03 |
| Aug 27, 2015 | $0.02 | ||
| Aug 23, 2015 | $1.05 | Aug 27, 2015 | $1.05 |
| Aug 30, 2015 | $1.05 | Aug 27, 2015 | $1.05 |
| Sep 6, 2015 | $1.05 | Aug 27, 2015 | $0.51 |
| Aug 30, 2015 | $0.55 | ||
| Sep 13, 2015 | $1.05 | Aug 30, 2015 | $1.05 |
| Sep 20, 2015 | $1.05 | Aug 30, 2015 | $1.05 |
| Sep 27, 2015 | $1.05 | Aug 30, 2015 | $1.05 |
| Oct 4, 2015 | $1.05 | Aug 30, 2015 | $1.05 |
| Oct 11, 2015 | $1.05 | Aug 30, 2015 | $0.27 |
| Nov 3, 2015 | $0.78 | ||
| Oct 18, 2015 | $1.05 | Nov 3, 2015 | $1.05 |
| Oct 25, 2015 | $1.05 | Nov 3, 2015 | $1.05 |
| Nov 1, 2015 | $1.05 | Nov 3, 2015 | $1.05 |
| Nov 8, 2015 | $1.05 | Nov 3, 2015 | $1.05 |
| Nov 15, 2015 | $1.05 | Nov 3, 2015 | $0.27 |
| Mar 5, 2016 | $0.78 | ||
| Nov 22, 2015 | $1.05 | Mar 5, 2016 | $0.26 |
| Mar 5, 2016 | $0.11 | ||
| Apr 24, 2016 | $0.68 | ||
| Nov 29, 2015 | $1.05 | Apr 24, 2016 | $1.05 |
| Dec 6, 2015 | $1.05 | Apr 24, 2016 | $1.05 |
| Dec 13, 2015 | $1.05 | Apr 24, 2016 | $1.05 |
| Dec 20, 2015 | $1.05 | Apr 24, 2016 | $1.05 |
| Dec 27, 2015 | $1.05 | Apr 24, 2016 | $0.37 |
| May 29, 2016 | $0.68 | ||
| Jan 3, 2016 | $1.05 | May 29, 2016 | $1.05 |
| Jan 10, 2016 | $1.05 | May 29, 2016 | $0.37 |
| Jan 17, 2016 | $1.05 | ||
| Jan 24, 2016 | $1.05 | ||
| Jan 31, 2016 | $1.05 | ||
| Feb 7, 2016 | $1.05 | ||
| Feb 14, 2016 | $1.05 | ||
| Feb 21, 2016 | $1.05 | ||
| Feb 28, 2016 | $1.05 | ||
| Mar 6, 2016 | $1.05 | ||
| Mar 13, 2016 | $1.05 | ||
| Mar 20, 2016 | $1.05 | ||
| Mar 27, 2016 | $1.05 | ||
| Apr 3, 2016 | $1.05 | ||
| Apr 10, 2016 | $1.05 | ||
| Apr 17, 2016 | $1.05 | ||
| Apr 24, 2016 | $1.05 | ||
| May 1, 2016 | $1.05 | ||
| May 8, 2016 | $1.05 | ||
| May 15, 2016 | $1.05 | ||
| May 22, 2016 | $1.05 | ||
| May 29, 2016 | $1.05 | ||
| Jun 5, 2016 | $1.05 | ||
| Jun 12, 2016 | $1.05 | ||
| Jun 19, 2016 | $1.05 | ||
| Jun 26, 2016 | $1.05 | ||
| Jul 3, 2016 | $1.05 | ||
| Jul 10, 2016 | $1.05 | ||
| Jul 17, 2016 | $1.05 | ||
| Jul 24, 2016 | $1.05 | ||
| Jul 31, 2016 | $1.05 | ||
| Aug 7, 2016 | $1.05 | ||
| Aug 14, 2016 | $1.05 | ||
| Aug 21, 2016 | $1.05 | ||
| Aug 28, 2016 | $1.05 | ||
| Sep 4, 2016 | $1.05 | ||
| Sep 11, 2016 | $1.05 | ||
| Sep 18, 2016 | $1.05 | ||
| Sep 25, 2016 | $1.05 | ||
| Oct 2, 2016 | $1.05 | ||
| Oct 9, 2016 | $1.05 | ||
| Oct 16, 2016 | $1.05 | ||
| Oct 23, 2016 | $1.05 | ||
| Oct 30, 2016 | $1.05 | ||
| Nov 6, 2016 | $1.05 | ||
| Nov 13, 2016 | $1.05 | ||
| Nov 20, 2016 | $1.05 | ||
| Nov 27, 2016 | $1.05 | ||
| Dec 4, 2016 | $1.05 | ||
| Dec 11, 2016 | $1.05 | ||
| Dec 18, 2016 | $1.05 | ||
| Dec 25, 2016 | $1.05 | ||
| Jan 1, 2017 | $1.05 | ||
| Jan 8, 2017 | $1.05 | ||
| Jan 15, 2017 | $1.05 | ||
| Jan 22, 2017 | $1.05 | ||
| Jan 29, 2017 | $1.05 | ||
| Feb 5, 2017 | $1.05 | ||
| Feb 12, 2017 | $1.05 | ||
| Feb 19, 2017 | $1.05 | ||
| Feb 26, 2017 | $1.05 | ||
| Mar 5, 2017 | $1.05 | ||
| Mar 12, 2017 | $1.05 | ||
| Mar 19, 2017 | $1.05 | ||
| Mar 26, 2017 | $1.05 | ||
| Apr 2, 2017 | $1.05 | ||
| Apr 9, 2017 | $1.05 | ||
| Apr 16, 2017 | $1.05 | ||
| Apr 23, 2017 | $1.05 | ||
| Apr 30, 2017 | $1.05 | ||
| May 7, 2017 | $1.05 | ||
| May 14, 2017 | $1.05 | ||
| May 21, 2017 | $1.05 | ||
| May 28, 2017 | $1.05 | ||
| Jun 4, 2017 | $1.05 | ||
| Jun 11, 2017 | $1.05 | ||
| Jun 18, 2017 | $1.05 | ||
| Jun 25, 2017 | $1.05 | ||
| Jul 2, 2017 | $1.05 | ||
| Jul 9, 2017 | $1.05 | ||
| Jul 16, 2017 | $1.05 | ||
| Jul 23, 2017 | $1.05 | ||
| Jul 30, 2017 | $1.05 | ||
| Aug 6, 2017 | $1.05 | ||
| Aug 13, 2017 | $1.05 | ||
| Aug 20, 2017 | $1.05 | ||
| Aug 27, 2017 | $1.05 | ||
| Sep 3, 2017 | $1.05 | ||
| Sep 10, 2017 | $1.05 | ||
| Sep 17, 2017 | $1.05 | ||
| Sep 24, 2017 | $1.05 | ||
| Oct 1, 2017 | $1.05 | ||
| Oct 8, 2017 | $1.05 | ||
| Oct 15, 2017 | $1.05 | ||
| Oct 22, 2017 | $1.05 | ||
| Oct 29, 2017 | $1.05 | ||
| Nov 5, 2017 | $1.05 | ||
| Nov 12, 2017 | $1.05 | ||
| Nov 19, 2017 | $1.05 | ||
| Nov 26, 2017 | $1.05 | ||
| Dec 3, 2017 | $1.05 | ||
| Dec 10, 2017 | $1.05 | ||
| Dec 17, 2017 | $1.05 | ||
| Dec 24, 2017 | $1.05 | ||
| Dec 31, 2017 | $1.05 | ||
| Jan 7, 2018 | $1.05 | ||
| Jan 14, 2018 | $1.05 | ||
| Jan 21, 2018 | $1.05 | ||
| Jan 28, 2018 | $1.05 | ||
| Feb 4, 2018 | $1.05 | ||
| Feb 11, 2018 | $1.05 | ||
| Feb 18, 2018 | $1.05 | ||
| Feb 25, 2018 | $1.05 | ||
| Mar 4, 2018 | $1.05 | ||
| Mar 11, 2018 | $1.05 | ||
| Mar 18, 2018 | $1.05 | ||
| Mar 25, 2018 | $1.05 | ||
| Apr 1, 2018 | $1.05 | ||
| Apr 8, 2018 | $1.05 | ||
| Apr 15, 2018 | $1.05 | ||
| Apr 22, 2018 | $1.05 | ||
| Apr 29, 2018 | $1.05 | ||
| May 6, 2018 | $1.05 | ||
| May 13, 2018 | $1.05 | ||
| May 20, 2018 | $1.05 | ||
| May 27, 2018 | $1.05 | ||
| Jun 3, 2018 | $1.05 | ||
| Jun 10, 2018 | $1.05 | ||
| Jun 17, 2018 | $1.05 | ||
| Jun 24, 2018 | $1.05 | ||
| Jul 1, 2018 | $1.05 | ||
| Jul 8, 2018 | $1.05 | ||
| Jul 15, 2018 | $1.05 | ||
| Jul 22, 2018 | $1.05 | ||
| Jul 29, 2018 | $1.05 | ||
| Aug 5, 2018 | $1.05 | ||
| Aug 12, 2018 | $1.05 | ||
| Aug 19, 2018 | $1.05 | ||
| Aug 26, 2018 | $1.05 | ||
| Sep 2, 2018 | $1.05 | ||
| Sep 9, 2018 | $1.05 | ||
| Sep 16, 2018 | $1.05 | ||
| Sep 23, 2018 | $1.05 | ||
| Sep 30, 2018 | $1.05 | ||
| Oct 7, 2018 | $1.05 | ||
| Oct 14, 2018 | $1.05 | ||
| Oct 21, 2018 | $1.05 | ||
| Oct 28, 2018 | $1.05 | ||
| Nov 4, 2018 | $1.05 | ||
| Nov 11, 2018 | $1.05 | ||
| Nov 18, 2018 | $1.05 | ||
| Nov 25, 2018 | $1.05 | ||
| Dec 2, 2018 | $1.05 | ||
| Dec 9, 2018 | $1.05 | ||
| Dec 16, 2018 | $1.05 | ||
| Dec 23, 2018 | $1.05 | ||
| Dec 30, 2018 | $1.05 | ||
| Jan 6, 2019 | $1.05 | ||
| Jan 13, 2019 | $1.05 | ||
| Jan 20, 2019 | $1.05 | ||
| Jan 27, 2019 | $0.05 | ||
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