Increase stock of shoes to sell and construct shed to protect shoes from rain

Samwel

Egesa, Kenya

100% repaid

Entrepreneur

Name

Samwel

Member since

August 2014

On-time repayments

9 installments  •  67%

About Me

I am Kenyan young man, 5th born in a family of seven. my entire family lives within Kisii county where they do peasant farming . I live alone in Kisii town at Egesa estates in the same county. i am businessman and a student in town.I do sale men wear shoes and attend my business management course at ELGON VIEW COLLEGE. i decided to join business to be an independent person,support my daily needs, pay my fees. I get my whole sale shoes from Nairobi that i retail them in kisii markets in an open market. i do play and watch football games and socialize with my fellow students whenever am free from job i take evening classes of business management.Am a hard working and determined person to succeed and with your help i look forward for a bright future,thanks zidisha.

My Business

i love this business because it meets my daily needs seriously. this men wear shoes has got high demand due to the many colleges, schools, hospitals and other institutions. my customers prefer my services and goods because i do move with test and likes. there is competition from bata shops around but later we much out with our targets. i do face challenges like heavy rains in this region hence giving us hard time to cover and store them since we operate in an open market. i do make 120 dollars in my monthly calculated net profit of which i use to settle my needs like food 10dollar, clothing 12dollar, rent 18dollar, transport 5dollar,50 dollar for my college fees and save the rest in my savings account. i look forward to own my shop for these sales and have enough stock in the market and even create employment to somebody to move business whenever am attending my classes. thanks

Loan Proposal

If i manage to get the loan, I will add more stock of the shoes to my business. I will also construct a temporary shed in the open market so as the shoes am selling are not rained on. After being in the business for a while i have known the kind of shoes my clients and most customers want,because of the clients having work and duties to do most of them prefer home delivery of shoes at their door steps avoiding the congestion of people at the open market. If i manage to get the loan am planing the near future to deliver the shoes at their home whenever they some using a motorcycle

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Nov 25, 2014

Repayment status

On Time

Projected term

6 weeks

Other loans

Lenders

micahredding

Nashville, United States

P

Prometheus

Duisburg, Germany

M

Markus

Hamburg, Germany

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