Restocking of ladies shoes

Christine Mbinga

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Christine Mbinga

Member since

May 2017

On-time repayments

42 installments  •  93%

About Me

My name is Christine Mbinga, I sat for my fourth form in 2013. I am a mother of one daughter but stays with two children who are my immediate cousins this is so because they have been staying with their mother but she find it difficult in raising them so i had to chip in to make their future bright. I had been just a house wife when i found it difficult on depending on people so i decided to find a place and with the help of relatives i managed to start my own business of selling bevarages and shoes especially for ladies..
This side of the country climate is always favourable and we really thank God for that, Although my daughter is still young but i would like her to be a nurse when she grows up or else she has her own thoughts. My hobby is listening to music and offering help to people where i can.

My Business

I sell bevarages like sodas, water, minute maids, Novidas etc. They are on demand because most of people in Kenya here especially those with short time during lunch they take them as quick lunches and go back to work. The capital for starting it was not much, it was Kenya Shillings 15000 which i managed to raise from relatives. After selling I usually make sure that I only use half of the profit and save the other half so that I may be able to add stock. On the other hand I also manage to sell shoes for ladies this is so because I don't want to depend on bevarages alone.

Loan Proposal

i will use the loan in purchasing ladies sandals which a dozen cost sh. 3000. which each sandals cost sh 250 each.which i will sell at sh. 500 each making a profit of sh. 250 each sandals

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$41.93

Date disbursed

Jun 9, 2018

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $1.76

Credit risk payment: $7.07

Lenders

Urszula

United Kingdom

Marcus

Germany

J

James

United States

Claire Lewis

Wales Uk, United Kingdom

J

JB

Germany

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