To buy 2 bales of mutumba (used) shoes

James

Githima, Kenya

100% repaid

Entrepreneur

Name

James

Member since

August 2014

On-time repayments

46 installments  •  91%

About Me

I m a family man of 50 years who has a wife and six children. My education level is secondary but i did not complete because of school fees in late 1970s. I started as a local casual labouror where i saved enough money start small hawking business. later a opened a small malimali shop in in 1999 which picked up very well. however, demands from my schooling children and intertribal wars made it difficult to sustain the business but i am still selling shoes and school uniform in kianjoya. I have not been able to sell new shoes for a long time, i only sell mitumba shoes. mitumba shoes are second hand shoes from abroad which i buy in bales, repair them and resell them to local people. I use earnings to pay school fees for my children, to feed my family and to support my elderly parents whenever they are in need. I spend my free time listening to local music.

My Business

my business can be described as mainly selling old (second hand) shoes. these shoes are imported by able dealers who sell to us in bales. we repair them and sell them to customers. my business is based on the belief that people will always wear shoes and thus demand for shoes will always be there. however, some seasons are better that others. per month i am able to get a profit of about 120 dollars. the challenge we face so much is the changing life in kenya. people now want new shoes and clothings. this is why i want a loan to improve my capital base so that I am able to buy new shoes and school items that are rather costly in the near future. The profit i get is enough to pay the loan i really believe.

Loan Proposal

While one bale of used shoes costs around $50, i intend to buy two such bales at a cost of $100 to resell locally at a profit. Old shoes sell easily because they are not costly, they are cheap and local people in the rural areas are potential customers since they cannot afford new shoes. I hope to get a profit of $30 from each bale so I can make up to $60 especially during peak season (November to January). I request zidisha lenders to lend this amount and I will be very grateful.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$98.00

Date disbursed

Oct 29, 2014

Repayment status

On Time

Projected term

2 months

Lenders

McJulio

New Jersey, United States

B

Berrin

Stuttgart, Germany

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  • Roy    May 15, 2016

    How are you James?

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  • Roy    May 4, 2016

    How are you James?

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  • Roy    Feb 12, 2016

    Hello James,
    Is everything o.k.? You still seem to have a small amount outstanding on your last loan.

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  • James    Oct 23, 2015

    I take this time to thank all zidisha lenders who usually make my dream come true

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  • James    Oct 6, 2015

    A lot of thanks to zidisha lenders for helping me with a loan to improve my business. I am never same again and all thanks to Zidisha lenders and more so to God for ensuring success of my business.

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  • James    Aug 7, 2015

    Hi to zidisha lenders. I have duly received a loan of Kshs. 8,559 and I am so happy because I will be able to buy one more bale of second hand shoes to add to my stock. Thank you so much and may God bless you!!

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  • James    Aug 6, 2015

    A lot of thanks go out to all my lenders for funding my loan application. Iam very glad my loan application has been so soon funded. thanks so much and keep good work to the community.

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  • James    Jul 9, 2015

    Hello to all zidisha lenders. I cannot thankyou enough for the support you accorded me even during my difficult times. I have benefited greatly and my business is eeven presentable now because i am able to mix shoes with some clothes. thanks to you all and keep on with the kind hearts.

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  • James    Apr 15, 2015

    Hi zidisha lenders! I am quite happy for funding my loan application. God bless you always.

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  • James    Feb 10, 2015

    Doing good

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  • James    Jan 25, 2015

    I am very happy for zidisha lenders who have been very good in assisting me personally to improve my shoes business and to many other my friends around. Thanks so much.

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    • Kitty    Feb 10, 2015

      Dear James,
      Your venture is very interesting and sounds like a business venture in demand. Best of luck!
      Kitty

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  • Detlef Walter    Oct 30, 2014

    Hi,
    good luck for you and your Family.

    Greetings from Cologne, Germany

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    • James    Nov 19, 2014

      Thank you so much Walter. My family and I are doing quite well.

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  • James    Sep 10, 2014

    I am very happy about zidisha. you are so efficient and helping people. my business is really doing well!

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  • KickyCloudFangsIV    Aug 19, 2014

    GOOD LUCK!

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