Entrepreneur
Name
Derrick
Member since
February 2014
On-time repayments
73 installments • 48%
About Me
My name is derrick vusala from Nakuru County, I live at Nakuru Blanket company compound at the house NO.18, I was born and brought up in Vihiga County, I come from a family of five children one lady and four men. I being the first born in our family.
I attended shivembe primary school located in Vihiga county, at shamakhokho location and later I joined friends school at Kaimosi for my secondary education am and after my Secondary Education I decided to settle after few years , I therefore got married to My beautiful wife Irene njeri Miano and we are blessed with one child.
We started our business as a family ( My wife and I ) in Nakuru county along gilanis road in the year 2006, We sell shoes specifically for the ladies, our business as I said above it is along Ginanis supper market Road behind Equity BANK Building.
My Business
I have a business of selling ladies shoes which is located at Nakuru, along Gilanis supper market, behind Equity bank Building I buy through selecting the best shoes I know my customers loves the most which per shoes will cost me to a sum of 200/= per pair, and I sell it at a cost of between 500/=-600/= per pair also will depend upon our agreement with my customers.
I also do online selling through my face book page and people from Eldoret and other places do order shoes and I supply to them. So I get about 6500/= weekly after all the expenditures and capital is removed.
I use the profit to cater for my family help my parent as well my profit 10% goes to help the community through supporting an organisation that works with poor children and families, and also use to continue the business by restocking it this means each month I get average of Ksh26,000 monthly, I would like upgrade my business I would like to buy more shoes especially the new designs that have just arrived in the market, I hope that lenders will grant me this opportunity to expand my business since I am working towards owning a big shop in Nakuru that deals with women cloths and shoes.
Loan Proposal
I will use the Loan to restock my business which is for selling ladies shoes, my first loan really helped me and I can say, I have really enjoyed so much. I need another loan which will be used to restock again my business, my business so far has increased,its not as it was before since I joined.
I believe this loan will make another big impact.please lenders help me get the second loan.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 22, 2014
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
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