Simon
Nairobi, Kenya
$0 to go
100% funded of $5 goal
0
days left
Name
Simon
Member since
March 2017
On-time repayments
10 installments • 0%
i was working at united amiran epz before my contract was terminated due to economic crisis the company experienced which led to the redundancy of some employees being among them and after being paid all my dues i decided to start my own business as i got frustrated of being employed.being the father of two children i had to get away that will make all ends meet and get something to provide for y family basic needs.i used my paid money to start shoes selling for the ladies which are in high demand.through this business i have been able to make a good earning that even my family can get the basic needs.
i sell ladies shoes both new and second hand shoes ta a relatively cheap price that attracts more customers.one pair of new shoe can cost me $3.5 and i sell it at $5 to $6 each while the second hand shoe cost me $2 and i can sell it at $3.5 from which i can sell up to 15 pairs of shoes or even more in a good day.i use my profit to pay for my rent,school fees and basic needs for my family.
since this is my first loan,i will use $5 as fare to transport my goods from town to my shop so that i can be able to buy more and transport them more conveniently and be able to make mass selling and earn an increase in profit and enable my business to expand.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$5.00
Date disbursed
Mar 20, 2017
Repayment status
Late
Projected term
2 months
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