Selling shoes

Francis Murigi

Thika Town, Kenya

Funds disbursed

$0 to go

100% funded of $411 goal

0

days left

Entrepreneur

Name

Francis Murigi

Member since

December 2014

On-time repayments

100 installments  •  71%

About Me

I am a gentleman born in 1982. I completed my secondary education in the year 2002 and gained a grade of B plain i.e., 53% points. Later, I joined Strathmore University to pursue my accounting course and completed up to C.P.A. section 4 where I dropped out due to financial problems. Fortunately, I got employed in 2008 in a transport company called Benjo (k) Limited as an accountant. I am married and blessed with two children, one in 2012 and other one in 2016. From my little savings in my employment, with the help of my wife, I was able to start a motorcycle spare parts shop in a small 10x10 Ft squire metallic container in an estate called Makongeni in Thika town.

My Business

I started my business in the year 2012 with the help of my wife who runs it even today. I got the capital from my small savings of KShs 115,000 whereby I paid advance rent of 3 months of KShs 7,500, i.e., KShs 2,500 per month. I paid for my business license of KShs 5000. We were able to acquire a stock worth KShs 101,000 and paid transport (carriage inwards) of KShs 1,500. Despite the competition and economic inflation, our business has reported growth because the business is able to cater for our 50% of our needs and still be able to add more stock. Stock valuation done in November 2014 is worth KShs 148,000. This makes me proud for the next one year I see myself as a wholesaler, one year down the line as a big importer of the spares. It has been my dream in future to be a big successful businessman.

Project Proposal

Hello members, the funds will be used in already existing business of selling shoes. Currently apart from selling motorcycle spares, I ventured in shoes selling where I decided to empower my wife in through business. I plan to utilise the whole shs 47,000 in buying new stock and about shs 300 as carriage inwards. My home town Thika is much close to my capital city Nairobi where we normally buy stock. There is no much expense on getting stock to my selling point.

Show original English  

About Me

Am gentleman having completed my secondary education in the year 2002 and gained a grade of B plain ie 53% points. Later i joined Strathmore universty to pursue my accounting course and completed up to C.P.A section 4 where i dropped out due to financial problems. Fortunately i got employed in 2008 in a transport company called Benjo (k) Limited as an accountant. Am married and blessed with two children, one in 2012 and other one in 2016. From my little savings in my employment, with the help of my wife, i was able to start a motorcycle spare parts selling shop in a small 10*10 Ft squire metallic container in an estate called Makongeni in Thika town.

My Business

I started my business in the year 2012 with the help of my wife who runs it even today. I got the capital from my small savings of kshs 115,000 whereby i paid advance rent of 3 months of kshs 7,500 i.e kshs 2,500 per month. I payed business license of kshs 5000. We were able to acquire a stock worth kshs 101,000 and payed transport (carriage inwards) of kshs 1,500 . Despite the competition and economic inflation, our business has reported growth because the business can be able to cater for our 70% of our needs and still able to add more stock. Currently stock valuation done in June 2017is worth kshs 201,000. This make me proud for the next one year i see myself as a wholesaler, one year down the line as a big importer of the spares. It has been my dream in future to be a big successful businessman . This year i successfully introduced new financial services business called M-pesa.

Loan Proposal

Hello members, the funds will be used in already existing business of selling shoes. Currently apart from selling motorcycle spares, I ventured in shoes selling where I decided to empower my wife in through business. I plan to utilise the whole shs 47,000 in buying new stock and about shs 300 as carriage inwards. My home town Thika is much close to my capital city Nairobi where we normally buy stock. There is no much expense on getting stock to my selling point.

Feedback

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Project Info

Project Type

Pay It Forward

Disbursed amount

$411.93

Date disbursed

Sep 14, 2022

Cost to entrepreneur

Service fee: $19.59

Pay It Forward contribution: $50.93

Optional expediting fee: $66.61

Backers

Joseph Kidali

Nakuru., Kenya

sderickson

Berkeley, CA, United States

Peter Osotsi

Nairobi, Kenya

Humble Bundle Community

San Francisco, United States

M

Margaret

United States

Cephas Phiri

Lusaka, Zambia

Agripina Mtungu

Nairobi, Kenya

Livingstone Kisia

Nairobi , Kenya

Jemes Kitati

Eldoret, Kenya

Yuyun Sri Hastutik

Sidoarjo, Indonesia

Samuel Ruhiu

Gatundu, Kenya

Beavon Magare

Kisii, Kenya

Lynnette Simba

Nairobi, Kenya

John

United States

George Mrihe

Kahawa Wendani, Kenya

Thomas Kofi Sah

Sampa, Ghana

Isahaku Abdulai

Pankrono , Ghana

Dao Nguyen

austin, United States

Dickson Kariuki

Nyeri, Kenya

Meshack Odunga

Kasarani, Kenya

KN

Kellen Njokah

Nairobi, Kenya

Godfrey Wanjala

Bungoma, Kenya

Babbitt Family Foundation

Sioux Falls, SD, United States

Lydia Mwakwida

Nairobi, Kenya

Brian Herrmann

Chicago, United States

James Chinyama

Ndola, Zambia

Francis Hackman

Abura Dunkwa, Ghana

Erick Nyaga

Nairobi, Kenya

MA

Michael Aikins

Ashanti Obuasi, Ghana

LW

Lucy Wamuyu

Nairobi, Kenya

Inonge Mwaka

Luanshya, Zambia

Mercy Owusu

Kumasi, Ghana

Kiki Fiqiana

Tegal, Indonesia

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