Shoes inventory for new business

Mark

Rongai, Kenya, Kenya

100% repaid

Entrepreneur

Name

Mark

Member since

February 2016

On-time repayments

62 installments  •  95%

About Me

As a child I lived in Naivasha, Kenya , awesome place. I was an adventurous kid and would take long walks to the hilly areas of Naivasha to get wild fruits. In college I studied accounting and in University I did a business degree with IT.

The last semester of my University was pretty hard, my parents were broke and I didn't have a source of income, that's when I began doing online jobs and got money to clear the school fee and have been freelancing online ever since.

Kenya is a beautiful country, with beautiful people, although sometimes people seem not to appreciate this. But as a people we are very hospitable.

I would like my children to be happy when they grow up; whatever path they choose as long as it's legal I'll support them be it music, engineering or whatever. I would also like them to add value to the world :).

In my past time I enjoy listening to music, my taste is diverse so I enjoy most genres of music; sometimes I read lyrics at genius.com .

That's me in a nutshell :).

My Business

I'm a freelancing front-end developer, so my job is to make sure that web users have a pleasant experience when using a website or a web application.

My services are important since the internet is used daily by almost everybody; I love the web too.

I chose this line of business since I am good at it and for the love I have for the internet.

My typical costs are internet charges=-£5,
, a good Performance PC=£120,
quality screen and software which can be around 120 dollars per month excluding the laptop and screen; revenues vary but generally amount is 300 dollars per month.
Currently i have 70 dollars and the loan from zidisha will boost my business in terms of tools acquisition.
The profits I invest back to improve the business and acquiring more skill; the rest I pay off rent and travelling expenses and other living expenses, sometimes I am lucky and get to save some :) .

Loan Proposal

Hi everyone, I would like to start selling shoes, I have been saving up and I know it will be a good business. I want to specialize in canvas shoes. A great friend of mine is in China and he has said he could get me a pair for $2, which I could sell here locally for $5 to $10, thus I can make a profit of an average of $5.

This will provide people with cheaply affordable footwear and also improve my standard of living.

I am seeing myself breaking even in about 4 months and the good thing is that I will not have liquidity issues since many people here like canvas shoes for their affordability, hence clearing this loan will not be a problem.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$426.00

Date disbursed

Aug 9, 2017

Repayment status

On Time

Projected term

16 months

Lenders

C

Christian

Saarbruecken, Germany

M

Meckel

Boulder, United States

ErikN

Stockholm, Sweden

Pere

Barcelona, Spain

BJ

Brandon Joz

North Carolina, United States

S

SelvaMarcus

Green Cove Springs, United States

J

jared4

parowan, United States

Cloudways

Malta, Malta

A

Austrian

Graz, Austria

G

Goodwill

Oakland, United States

ads68

Melbourne, Australia

Andreas Kiss

Vienna, Austria, Austria

A

Andy

Berlin, United States

L

LindsayB

Sydney, Australia

Z

zedoud

Hamburg, Germany

Immanuel

Darwin, Australia

isabelv

Barcelona, Spain, Sweden

gseletko

South Perth, Australia

P

Pavane

Kungsbacka, Sweden

ibc123

Seattle, United States

Evan Lamos

Brussels, Belgium

MalcolmL

San Francisco, United States

chriseyre

Fremont, Ca, United States

W

wesbh89

United States

Grant Xavier Storer

Seattle, Wa, United States

S

satheajay

United States

SV

sven vdk

Twickenham, United Kingdom

C

Crainster

Chapel Hill, United States

PolarBearCapital

United States

P

pnrjulius

United States

SuperMario28

Cudahy, United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

M

Marcus86257

United States

A

AER

Germany

Dave Bogard

New York, United States

Lukas Petereit

Frankfurt, Germany

MW

Matt Willis

United States

W

Wade

United States

BS

Bruno Silva

United States

EB

Erica Brescia

United States

Pedro R-C

Cambridge, United States

Martin Nielsen

Aarhus, Denmark

PG

Paul Graham

United States

T

Tom

United States

V

Vidar

Oslo, Norway

RC

Rudi Chen

United States

WL

William Lisa

United States

J

Jo

United States

I

ixeldog

atlanta, United States

SA

Shar Alamdari

Los Angeles, United States

A

Auguste

Switzerland

L

Lucy

Australia

Craig Newmark

United States

Benjamin Kniaz

Boston, United States

MO

Mark Owens

United States

SH

Stephanie He

United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

Gerrit

Palm Harbor, FL, United States

BE

Bob Ewing

United States

R

Ryan

Albuquerque, NM, United States

RG

Ryan Gough

United States

L

Lastoni

United States

D

Dalton

San Francisco, United States

NG

Nathan Grey

United States

GS

Gary Sinard

Franklin, TN, United States

EC

Edward Conrads

San Francisco, United States

Heather

Taree, NSW, Australia

S

seahillpark

United States

R

RMIM

United States

Mike

Indianapolis, United States

DW

Dan Winetsky

United States

Paul Buchheit

Mountain View, United States

SS

Sandi Smith

Pimpama. Queensland, Australia

Sean Richards

Wilmette, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

MM

Mark Moran

United Kingdom

SS

Sam Smith

United States

M

Mia

United States

JT

Joanne Thompson

United Kingdom

K

Khoa

United States

J

JB

Germany

Ask Mark a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Mark    Feb 8, 2018

    Thank you so much everyone for the loan for shoes inventory... the proceeds from this business has helped me move to a better neighborhood in South B area ... again, thank you so much

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  • Mark    Feb 1, 2018

    Business has been really slow of late, I hope it improves soon

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  • Mark    Dec 28, 2017

    Business improved during the festivities

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  • Mark    Nov 28, 2017

    Business has been a bit slow, but I know sales will increase when we enter December...I will readjust then...thank you

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  • Mark    Oct 19, 2017

    Business is a little bit slow

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  • Mark    Aug 7, 2017

    Hi everyone, I will buy shoes inventory with this funding, I will upload photos once the shoes arrive. Thank you very much.

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  • Mark    Jul 31, 2017

    Hi all, thanks, I bought the NUC...thank you again

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  • Mark    Dec 23, 2016

    Hi guys, I'll clear the loan today....sorry, this month had been a bit tough but it's all good now

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  • Mark    Dec 9, 2016

    Hi Ryan business is average, am thinking of creating a new product now....have already made a landing page incomplete at the moment, hiregari.com/ but am good, how are you?

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    • Ryan    Dec 13, 2016

      Very cool. If I ever have the chance to go to Kenya I will rent vehicle with your service. Good luck with your enterprise. I am doing well, very busy with school at the moment and looking forward to the winter break!

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      • Mark    Dec 15, 2016

        yey to the break, haha, hopefully when you visit Kenya, we will have launched...what do you study?

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  • Ryan    Dec 8, 2016

    Hi Mark, How is business?

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  • Mark    Sep 23, 2016

    Business has been a bit low for the last two weeks, hope it will get better soon

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  • Mark    Jul 27, 2016

    It will be easier for me to pay at this rate

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  • elcico    Jul 13, 2016

    Hello Mark!
    Just wanted to let you know.... in case you need a free and open source office suite at no cost for your PCs... have a look at www.libreoffice.org/
    All the best!
    Namastè! cico :)

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    • Mark    Jul 14, 2016

      Hi Elcico,

      I actually use libreOffice, yay!!

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  • Mark    Jul 13, 2016

    Hi guys, I will buy a NUC server which will be useful for my clients who lack hosting plans and also for my personal projects, after clearing this loan, I would like to apply to be a Zidisha mentor, thank you so much, I sincerely appreciate this.

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  • Pedro José Cardoso    Jul 13, 2016

    Hello Mark,

    A small Digital Ocean linux server will cost about $5 per month and will be more than enough for handling small sites. I have one serving about 20 sites, with a lot of free capacity and is very fast.

    Have you considered something like this, instead of serving them from your home connection? Or will this NUC be placed in a hosting facility?

    If you decide to go the Digital Ocean server route, I can help you set up the server, help with any questions you may have and even pay in advance your first couple of months.

    Best of luck!

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    • Mark    Jul 13, 2016

      Hello Pedro,

      My home network is quite stable, so it can do the job well. My former employer used to do this for a large project we were doing.

      Thank you for mentioning digital ocean, I hadn't heard of it before.

      My reason for choosing a NUC is customizability and because I also do .net projects and php projects, I wanted a solution that would be flexible for this.

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  • Ryan    Jul 10, 2016

    Hi Mark,

    Great loan proposal. Do you have a portfolio or personal webpage where we could see some of your work?

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  • Mark    Jul 1, 2016

    I have increased my loan limit as I would like to clear my loan; thank you guys.

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  • Mark    May 1, 2016

    I have adjusted my installment upward since business is now back on track; I'm like yeeeey; hope it remains that way; thank you guys.

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  • Mark    Apr 10, 2016

    Business has been really slow last week and I had so many expenses to pay, I know it will get better soonest.

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  • Mark    Mar 19, 2016

    opened view

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