Wycliffe
Nairobi, Kenya
100% repaid
Name
Wycliffe
Member since
July 2014
On-time repayments
48 installments • 42%
I am the first born in a family of three, am married and blessed by two kids a boy n a girl. Am an artist by profession specialized in new leather shoes, self employed from2004 up to date. am a form four leaver, I started business because there's lack of job opportunities in Kenya so I realized that business can make you financially stable, disciplined person, and to cater for myself and my family ,a boss on your own and focus in your life.Have managed to purchase land in my rural home. My hobbies are sharing new ideas, reading books, fishing, playing football.
I'll pay back the loan through selling my new leather shoes, especially school shoes. This is because our school here in Kenya prefers leather shoes as their uniform this as also made the demand for my product high, parents/ guardians are now shifting to buy my shoes because my quality and my prices are flexible compared to my competitors. My business is profitable because I have a lot of customers who are school going pupils and students. The risk my business faces is law demand during school holidays but this is compensated during school opening. My monthly cost is around USD680; my monthly income is Approximately USD884.
My loan will be used to purchase leathers for mending new leather shoes and buying ready made shoes for sale to the nearby members of the community especially school going pupils.The benefit will be increase of stock hence more sale and more profit will be realized, and this will uplift my living standard.Am requesting lenders to assist me because my main aim is to see my business grow but finance is my major challenge.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Aug 19, 2014
Repayment status
On Time
Projected term
3 months
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