Business: Second hand shoes Trader
Location: Molo Town
Years in Operation: 5 Years
Amount needed: $100
Victor Mageto is a focused, hardworking and promising entrepreneur with vision for growth and success. He took time to study his market properly before settling on his business. Medium and low income earning men in Molo preferred good quality yet affordable shoes that would still last. Victor jumped at the prospect to sell second hand men’s shoes that were in good enough condition to serve their purpose and last a considerable while. He invested $200 into it five years ago and has solely depended on this open air shoes selling for his and his young family’s livelihood.
He has earned himself a loyal clientele following and strives to meet all their demands, tastes and preferences. He knows them personally and listens to their views and input to serve them better. Besides the shoes business, Victor also doubles up as a maize trader buying and selling maize to the residents and businesses in Molo and its environs. He is seeking $100 to increase the stock of his shoes which he buys from Nairobi at fairer prices to sell in Molo at relatively cheaper prices that are competitive with other second hand shoes sellers. His goal is to treble his profit earnings after the boost from MHML and his personal savings.