Entrepreneur
Name
Winfred
Member since
October 2015
On-time repayments
84 installments • 48%
About Me
i was born in 1977 as the fourth born of a family of six. i went to school up to form four. my schooling was difficult after my father passed away before i joined high school. my mother had to struggle to get me join form one since my elder brothers were also in high school already. after high school i could not proceed with education due to cash problems. i had to find a way of surviving and ended up starting a shoe business with very small capital. i have two children both boys.. the eldest is already pursuing a degree on electronics engineering and the other is still in primary school.
i love hanging out with my children and mostly swimming.
My Business
I am dealing with shoes for all. that is men, women and also children. i chose this business because shoes don't get spoilt like vegetables or food and are always in demand. my everage cost of a bale of shoes is about 5,000 KES and this will give about 8,000 KES. i use the profits in paying rent, school fees for my children, food and clothing.
Loan Proposal
with this new loan, i want to increase my stock of shoes since i have gotten more customer and demand from new markets outside nairobi. i am looking at buying more shoes worth aproximately USD 300. with this i expect an increase in my profits by about 25% within the next 5 months. also with the increase of stock , i will be able to meet the market demand and hence more customers. my life also should change to better.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$301.00
Date disbursed
May 5, 2016
Repayment status
Late
Projected term
14 months
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