Stock children's boots

Adan

Nairobi, Kenya

Expired

$17 to go

75% funded of $69 goal

days left

Follow Adan

How it Works

Entrepreneur

Name

Adan

Member since

November 2017

On-time repayments

24 installments • 75%

About Me

My names are Adan Shariff, I live in Nairobi County in kahawa west estate. I am a widower my wife passed on 4 years ago. I have 2 kids whom I have devoted my life to because am all they have now.
Due to depression after losing my wife I lost my jobs and things really got tough, but since I had a little savings and help from my family and friends I was able to start a small business that has really played a big role to ensure the well being of my kids.

My Business

I have a small shop where I sell lady stuff. The items I sell range from shoes, handbags, earrings, necklaces, underwears and bras. I choose this business because of the way lady stuff move first.
I have done this business for almost two and half years. The profit I make depends on how many stuff I sell in that particular month.
in a good month I can make upto KES 30000 and my lowest month I can make at least KES 20000.
I use this profit to settle bills at home pay my kids fees and provide any of their requirements.
I would wish to increase the stocks and also add more products that way I can have a wider range of products for my clients.

Loan Proposal

Hello dear lenders it my sincere hope that you are doing well, the last last was quite helpful to me and I was able to accomplish my goal. With this loan I would like to invest all of it in children boots. It's the rainy season and they are in high demand. With 70 dollars I will be able to buy 20 pairs each at 3.5 dollars which I will in return sell at 5 dollars a pair giving me a profit of 30 dollars.
Thanks in advance and may God bless you.

Feedback

Positive

None

Neutral

Negative

None

W
Will Mar 16, 2018

Adan fully repaid his 2-month loan in only 8 days after the money was disbursed. I'm not sure if that's because he was unexpectedly able to pay it of early or if he doesn't really need the money.

Log in to reply • Share
- Adan Mar 22, 2018
  
  hello, i paid the loan early because i really needed the additional credit to get the new stock for children boots, i had run out of stock and they were on high demand, am sorry if that come out as i dont need the money but i repaid the loan that way because i really need the money to get the stock to try and capitalize from the rainy season.
  thanks for your feedback though and the support you gave me in my previous loan,
  God bless you
  
  Log in to reply • Share