Wednesday, January 22, 2014

Used shoes in Africa

Found a Kiva loan in 'used shoes' from a microlender I haven't used before.

Sulait is from Ishaka, Uganda

Sulait is a businessman dealing in shoes, a business he started in 1993 with the purpose of getting a clear source of income that he could use to provide for his children. He works six days a week and 10 hours a day. Sulait also does some coffee trade, which supplements his income. He goes to different locations and mainly to open markets and his clients are all categories of people. 

Sulait would like to use this loan to buy bales of used shoes to provide additional stock for him. His main business challenge is lack of enough capital, but he is hopeful that this will be no more if he receives this loan since he will buy more stock and make more profits. Sulait's future hopes include educating his children using his meager resources so that they can attain an education and compete favorably for jobs and other things on the market.

No comments: