Adding stock of shoes for my shop
Elizabeth Odera
Nairobi, Kenya
40% repaid
Entrepreneur
Name
Elizabeth Odera
Member since
June 2017
On-time repayments
159 installments • 57%
About Me
I am a 2nd born in a family of seven. When we were growing up things we really hard as my parents could not afford most of the basic things. My mum was a tailor and my dad was a civil servant.
After my form four I had to seek casual jobs to save money to enable me pursue my college. I took a Diploma course of tours and travel where I did work for over ten years. Employment never gave me the satisfaction I wanted as the money was never enough it only paid bills and it was a cycle.
When I decided to start my business I did not have much capital but I took what I had and started to import products to sell. I now bring watches, wallets, towels, bags and socks. I would wish to increase my stock
I am teaching my children to venture into business and when they are not in school they help me round my small shop.
I have always enjoyed travel and I look forward to that time I will be able to take time off work to travel.
My Business
My business is for products that I import and sell locally. At the moment I have in stock towels, socks, handbags, watches and wallets. I look to expand and bring more goods to enable me have varieties. I sell online and I also get walk ins who come to buy from the shop. I also deliver to clients who cant make it to the shop at a minimal fee.
I make sure that my products are of good quality and I thrive to meet my clients satisfaction as I build my client base. This I have achieved as most are now repeat clients.
My overhead costs are rent, advertisements, electricity and internet services..
What I get as my profits pays my bills, school fees and I pump more to the business.
Loan Proposal
I intend to add to my stock list more products. I am currently selling towels, wallets, belts, boxers, watches and socks
Am now adding shoes, other types of socks, boxers and wallets to my stock.
I moving to a new shop within the CBD and needs to add more stock
Income Source
I have a shop in CBD that is already in operation and what I want to to pay for more stock which I have already ordered from my supplier.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$364.82
Date disbursed
Sep 25, 2020
Repayment status
Late
Projected term
7 months
Cost to entrepreneur
Service fee: $31.11
Credit risk payment:
$34.22
Lenders
Atlanta, United States
Seattle, United States
Tempe, United States
Odense, Denmark
United States
Germany
Fontvielle, Monaco, Yemen
Gold River, Canada
Munich, Germany
Pitten, Austria
Switzerland
Australia
United States
United States
United States
United States
United States
Ask Elizabeth a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.