Expanding my business by adding kids' shoes
John
Eldoret, Kenya
100% repaid
Entrepreneur
Name
John
Member since
March 2016
On-time repayments
296 installments • 80%
About Me
I come from a humble background where enrolled to a form four level.
Due to lack of school fees my studies ended there.
I start as a hawker then employed for some years till now I own my business .
Our land is on a valley where there are several rivers. We use fish and bath in this rivers. There is a forest that it suround our land and we use to hunt wild animals in it.
My child want to be a doctor when he grows up, this make me feel good because this was my wish when I was young like him.
In my childhood I love hunting wild animals and gathering wild fruits.
My Business
I am operating a clothing stall in CBD where I sell all kinds of wear. Due to demand of fashions my business is doing well and profit had risen from 5%to8%.
I chose this kind of business because in my area there are few people dealing with it.
I started with small cost but in term of revenue it is collected annually which make easy to raise.
I use my profit to reinvest, and the the remaining I pay school fees of my child whose is in kindergarten.
Loan Proposal
I will expand my business by adding some stuffs that I had not selling previous. I will start selling ties, panties,skuffs, watches and sunglasses. I will renovate my shop and buy some stuffs like sunglasses stand and watches for them to look good and attractive. With the help of this addition goods my profit will grow for more than five percent
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$242.00
Date disbursed
Mar 27, 2016
Repayment status
On Time
Projected term
8 months
Other loans
Ask John a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.