Shoe business expansion

Joseph

Free Hold, Kenya

50% 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

I first take this opportunity to thank the zidisha team for the support they have accorded me in my business. I intend to expand my business by spending half of my loan on female stocks and the rest to purchase stocks for young school children. I have done some research and I have come to realize that most parents travel long distances in such of their children's stocks when schools reopen. Therefore, the loan will help boost my business and sales will gradually increase.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$91.00

Date disbursed

Jul 2, 2015

Repayment status

Late

Projected term

6 weeks

Lenders

PG

Paul Graham

United States

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