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.
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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
Germany
Washington, DC, United States
South Africa
United States
Taiwan
United States
Sweden
United States
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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