Buying more stock to expand my women's shoes business
Milkah
Gilgil, Kenya
100% repaid
Entrepreneur
Name
Milkah
Member since
January 2013
On-time repayments
201 installments • 17%
About Me
i am a young lady live in Gilgil town and my current occupation is self employment.I posses a diploma in business management second class honor.this Help me to be able to start my own business of selling ladies shoes.Started this business to keep my self busy as I wait to be employed but I came to find that having my own business is more profitable than being employed .I am able to cater for all my expenses and the profitI got from my business enable me to save a lot of money which i intend to buy a piece of land and lay down my own flats for renting
My Business
My business is about lady's shoes;When starting a shoes business, I will find it valuable to determine who My target market will be. This allow me to determine what type of shoes I am going to sell. I can sell low end shoes, high end shoes or both depending on what type of clients I expect to patronize My shoe shop. Nevertheless, i will find it notable to know that I will be able to sell to more people if I sell low end shoes. My shoe store business start up capital will also determine what type of shoes I will be able to sell.
Due to growing population and fashion change the demand for lady's shoe is very. high every one want to catch up and move with fashion.
It is still important that I acknowledge the importance of a brick and mortar shoe market business outlet because this is where I can display My products and sell directly to my customers. It is important that I choose a location where people can easily see and purchase My products . Setting up a shoe outlet in a mall or in similar high traffic areas would be a great idea and am looking forward to open a new outlet where more people will access my shop.I Also take my products to the market during the market day (two days in a week) this also boast sales.
Loan Proposal
Hi lenders ,am proud to be back again after using the first loan wisely it did change my whole me and the business at large .that first loan elevated my business from where it was to where it is now .i will now invest more in this second loan to increase e stock so as to boast sale and to attract potential client .i will also save some to cater for new fashion so as to balance with market trend .i promise never ever to let you down and together we can do more
thank you lenders and welcome to fund my loan
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$707.00
Date disbursed
Feb 23, 2015
Repayment status
On Time
Projected term
3 months
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Summary
Amount repaid
$723.30
Amount remaining
$0.00
Date repaid
Jun 9, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 8, 2015 | $45.20 | Mar 8, 2015 | $44.98 |
| Mar 16, 2015 | $0.22 | ||
| Mar 15, 2015 | $45.20 | Mar 16, 2015 | $45.20 |
| Mar 22, 2015 | $45.20 | Mar 16, 2015 | $0.13 |
| Mar 23, 2015 | $45.07 | ||
| Mar 29, 2015 | $45.20 | Mar 23, 2015 | $0.21 |
| Mar 30, 2015 | $44.99 | ||
| Apr 5, 2015 | $45.20 | Mar 30, 2015 | $0.23 |
| Apr 5, 2015 | $44.97 | ||
| Apr 12, 2015 | $45.20 | Apr 5, 2015 | $0.31 |
| Apr 13, 2015 | $44.89 | ||
| Apr 19, 2015 | $45.20 | Apr 13, 2015 | $0.22 |
| Apr 14, 2015 | $5.58 | ||
| Apr 20, 2015 | $38.89 | ||
| Apr 27, 2015 | $0.51 | ||
| Apr 26, 2015 | $45.20 | Apr 27, 2015 | $44.60 |
| May 3, 2015 | $0.60 | ||
| May 3, 2015 | $45.20 | May 3, 2015 | $44.62 |
| May 11, 2015 | $0.58 | ||
| May 10, 2015 | $45.20 | May 11, 2015 | $44.64 |
| May 18, 2015 | $0.56 | ||
| May 17, 2015 | $45.20 | May 18, 2015 | $45.20 |
| May 24, 2015 | $45.20 | May 18, 2015 | $2.02 |
| May 31, 2015 | $43.18 | ||
| May 31, 2015 | $45.20 | May 31, 2015 | $1.27 |
| May 31, 2015 | $43.93 | ||
| Jun 7, 2015 | $45.20 | May 31, 2015 | $1.07 |
| May 31, 2015 | $44.13 | ||
| Jun 14, 2015 | $45.20 | May 31, 2015 | $0.87 |
| Jun 9, 2015 | $44.33 | ||
| Jun 21, 2015 | $45.30 | Jun 9, 2015 | $45.30 |
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