To buy two bales of second hand shoes for resale

James

Githima, Kenya

97% 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

I am happy to have completed the previous loan safely. This current loan application of 200 dollars, I intend to buy two new bales of second hand shoes for my shoes shop. Schools have just resumed in Kenya and the 'back to school' period will be quite helpful to sell shoes to students. I request zidisha lenders to fund my current loan proposal because it will be a cutting edge in improving my customer service goals. Thanks in advance to all zidisha lenders.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$172.00

Date disbursed

Oct 24, 2015

Repayment status

Late

Projected term

2 months

Lenders

C

Christian

Saarbruecken, Germany

mbunifu

San Jose, United States

MarktheMormon

Sandy, Utah, United States

johnandmoliehi

Canton, New York, United States

Zidisha

Sterling, United States

B

briansedz

Canton, Ohio, United States

H

hanso

Arendal, Norway

Z

Zippo

Berlin, Germany

J

jzidi

Los Angeles, United States

L

loistf

Madrid, Spain

rfriedenberg

New Jersey, United States

A

Andrew22

Hopewell PA, United States

P

Pavane

Kungsbacka, Sweden

L

LenoMetus

Perth, Australia

B

BMcDermott

Washington, DC, United States

C

Clben7

Cincinnati, United States

A

akshu71

Ottawa, Canada

Z

zvrk2014

Brookline, MA, United States

A

adiipienaar

South Africa

mepster

San Francisco, Ca, United States

L

luckiestmonkey

United States

WiscoHorndog

United States

J

JonAlec

United States

S

satheajay

United States

Gab

Singapore

Roy

Espoo, Finland

W

Wade

United States

jtreyes

United States

Max Lettenberger

Madison, WI, United States

KD

Kent Don

United States

EB

Erica Brescia

United States

JD

Jeff DePree

United States

BB

Ben Bellows

United States

BS

Brad Syverson

United States

N

Nino

Switzerland

Cliff

United States

Roman Achmatow

Leipzig, Germany

Dan Michael

Oslo, Norway

GS

Gary Sinard

Franklin, TN, United States

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Summary

Amount repaid

$175.00

Amount remaining

$4.74

Expected completion

Dec 27, 2015

Status

Repaying late

Installment amount

$19.74

Repayment History

Expected Payments Actual Payments
Nov 1, 2015 $20.00 Nov 8, 2015 $20.00
Nov 8, 2015 $20.00 Nov 17, 2015 $20.00
Nov 15, 2015 $20.00 Nov 23, 2015 $20.00
Nov 22, 2015 $20.00 Nov 29, 2015 $20.00
Nov 29, 2015 $20.00 Dec 7, 2015 $20.00
Dec 6, 2015 $20.00 Dec 15, 2015 $20.00
Dec 13, 2015 $20.00 Dec 22, 2015 $20.00
Dec 20, 2015 $20.00 Jan 4, 2016 $20.00
Dec 27, 2015 $19.74 Jan 11, 2016 $10.00
Jan 27, 2016 $5.00

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