Shoe business expansion

Joseph

Free Hold, Kenya

100% repaid

Entrepreneur

Name

Joseph

Member since

May 2014

On-time repayments

42 installments  •  86%

About Me

I Joseph Tunje I am married with three Children who are at school,I reside in above said place a two bedroom house that I pay rent ,water and electricity bill ,My wife keeps Pig that she sells to assist me schooling my children,I started business so as to upkeep my family,The money that I do get I have purchased I land that I have planted maize for commercial and some for my family.When I am free I like reading newspaper,Reading with my family and most weekend after church I took my family to agame park to see wild animals and make fun

My Business

I started my business the year 2009 after I get capital from my mother.I started a small shoe repair and accessories shop that has grown slow til I afforded to sell new shoes.This shoe business is not that seasonal though during the school opening days and rainy season the sell are higher.
In my business shop now I do shoe repair
Shoe polishing service
Shoe both official and sport shoes
Shoes accessories (soles,,shoe brushes,Shoe polish,Dyes,Shoe threads,Gum among other small shoe accessories.
From my business I do get basic need for my family as well other needs ,Currently my business needs some cash so as to manage the need of my customers and make higher profit.
I do manage my monthly needs from my business as well get little profit to add stock.I am requesting $500 if possible to purchase more stock that i expect to sell during the show day in Nakuru next month this is the most day in every year that I do sell and make high profit.
This shoe selling business doesn't have high competition since most people dosent have the secret beyond it.Like me I have the secret that my competitors dosent have as well the source of my stock is friend price that left me with enjoyable profit.
In other side I sell nylon papers like the one we use to carry sugar,paper bags, I have two young boy that sells them around the market daily.
In many business for one to grow or advance you need a loan from zidisha that has a low interest rates.

Loan Proposal

This loan I am going to use it to expand my business,I am going to purchase female sales and their leather materials.In my own research I have found that currently female shoes are the one with a higher demand in my shop and children.
I humbly request if this loan will be a little higher than the one requested so as to give me a higher chance movement in the market globally.
Thank you as you are funding my project.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$48.00

Date disbursed

Apr 22, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

C

Christian

Saarbruecken, Germany

McJulio

New Jersey, United States

N

nk786

Dubai, United Arab Emirates

Cathy

Melbourne, Australia

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