Entrepreneur
Name
Handson
Member since
October 2014
On-time repayments
136 installments • 85%
About Me
I am a self-motivated young man who believes that nothing in this world is impossible. I grew up in western Kenya, where I also studied and successfully completed my O-levels. I am the 3rd born in a family of eight. After completing my O-levels I moved to Nairobi to look for employment as I could no longer depend on my parents, who had to pay tuition fees for my younger siblings. I struggled for a while but soon got a job as an attendant in a local boutique shop. This is where my fascination with women shoes started. I worked there for 18 months, on meager salary, and managed to accumulate some small savings that enabled me quit the job and open my own shop selling women shoes.
My Business
My business involves selling women shoes. I stock mid to small range types of shoes, which are affordable to most women in my neighborhood. The business is season dependent. I register most sales during the months of December, January, April and August.
I specialize in women shoes because, unlike men, women, even in my relatively poor neighborhood, like buying more and more shoes, which means that they is always demand for my products.
In the high season months, I average weekly profits of about 100 dollars whereas in the low season months, I average weekly profits of about 30 dollars. My typical monthly expenses are as follows: business premise rent of 50 dollars, my personal living expenses of 80 dollars and other miscellaneous expenses of 30 dollars.
Loan Proposal
Hello my dear lenders.
I sincerely pass my heart most gratitude to you for considering me in your lending of a loans. I finished repaying my second loan and this is my third loan which i am applying with hope that you will still consider me.
This round if I get the loan I will use it to open a mini wholesale of ladies shoes. I have seen the demand of it because people are traveling from far to come and look for the shoes sometimes they don't get them.
I will put partly of the money on buying the stock at once. One carton that holds a dozen cost four hundred shillings(5) dollars whereby I intend to start with 60 cartons which will cost 300 dollars the remaining amount I will use it to add the stock little by little.
Then I will be making good profit which will help me and my family in paying house rent, buying food, clothing, paying the loan and school fees for my children.
I aim to save some for future use. I expect my profit to increase by 60%.
Thanks in advance
Yours faithfully,
Handson from Kenya
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Loan Info
Project Type
Classic Loan
Disbursed amount
$431.00
Date disbursed
Jul 24, 2015
Repayment status
On Time
Projected term
31 months
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