Purchase of ready made leather shoes for resale
Wycliffe
Nairobi, Kenya
71% repaid
Entrepreneur
Name
Wycliffe
Member since
July 2014
On-time repayments
48 installments • 42%
About Me
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.
My Business
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.
Loan Proposal
I will use the loan to purchase some leather shoes for resale,this will enable my business to grow interms of income,benefit will be improved living starndard of my family and expansion of my business
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$144.00
Date disbursed
May 27, 2015
Repayment status
Late
Projected term
8 months
Other loans
Lenders
United States
Ask Wycliffe a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...