Martha Namachanja
Eldoret ,kamukunji, Kenya
100% repaid
Name
Martha Namachanja
Member since
February 2015
On-time repayments
220 installments • 90%
My names are Martha Namchanja Wafula. I am 44 years old and was born in the western region of Kenya and went to primary school at Miendo Primary School in Bungoma from 1979-1986. I went to secondary school at the Cheboi SA Secondary School from 1987-1990. I am married and my husband's name is called Michael Baraza. God has blessed us with 4 children, two girls and boys. The first two are a girl and a boy, aged 20 years and 17 years, respectively, and both finished high school, while the last two are also a girl and a boy but twins. They are 11 years old.
My business is called Faith Mitumba. This is dealing with the selling of secondhand clothes. This business I started two years ago with a capital of 20,000 KSH.
I am mobile: I move from one market to another, every market days of different markets. This kind of business is in great demand because this region is very cold; therefore, people like to have many clothes as possible and change them quite often.
I chose this business because it is easy to sell in an open market, and almost everywhere there are people who want to buy and have the warmth from them. My typical revenue is 12,000 KSH and the cost is only 3,000 KSH per month.
My profit I use in school fees as follows:
1. my girl, 3,000 KSH per month
2. my boy, 4,000 KSH per month
3. re-investment, 2,000 KSH per month
4. home improvement, 3,000 KSH per month
When am given this loan amount then I will be able to buy 2 bales of second hand clothes for sales at 190 US Dollars each which will bring it to a total of 380 US Dollars.
This will make me sale to my customers all verities of clothes they want and I will be able to employ more two workers to help in sales and this also will give more income in my Business which will help me and my family upkeep.
When this plan is implemented then I expect this Business to increase or grow by 40% this year and the more next year.
Thank you for considering funding me again for the third time and I promise to be faithful as I have been in the last two lending .
My names are Martha Namchanja Wafula .Iam 44 years old and was born in Western region of Kenya and went to primary school -Miendo primary school in Bungoma 1979-1986 the Cheboi SA Secondary school in 1987-1990.Am married and my husbands name is called Michael Baraza.God has blessed us with 4 children two girls and boys.The first two are a girl and a boy aged 20years and 17 years respectively both finished high school while the last two also a girl and a boy but twins. They are 11 years old.
My business is called Faith Mitumba this is dealing with the selling of second clothes..This Business I started two years a go with a capital of 20,000.
I am mobile I move from one market to another .Every market days of different markets. This kind of Business is in great demand because this region is very cold therefore people like to have many clothes as possible and change the quite often.
....I chose this Business because it is easy to sell in an open market and almost everywhere there are people who wan to buy and have the warmth from them.
........My typical cost is 12,000 and the revenue is only 3000 per month.
My profit I use in school fees as follows
1.my Girl 3000 per month
2.my Boy 4000 per month
3.2000 for re investment
4..3000 for home improvement ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
When am given this loan amount then I will be able to buy 2 bales of second hand clothes for sales at 190 US Dollars each which will bring it to a total of 380 US Dollars.
This will make me sale to my customers all verities of clothes they want and I will be able to employ more two workers to help in sales and this also will give more income in my Business which will help me and my family upkeep.
When this plan is implemented then I expect this Business to increase or grow by 40% this year and the more next year.
Thank you for considering funding me again for the third time and I promise to be faithful as I have been in the last two lending .
Positive
3
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$383.00
Date disbursed
Aug 12, 2016
Repayment status
On Time
Projected term
6 months
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Amount repaid
$402.15
Amount remaining
$0.00
Date repaid
Feb 19, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Aug 21, 2016 | $15.12 | Aug 21, 2016 | $15.12 |
Aug 28, 2016 | $15.12 | Aug 28, 2016 | $15.12 |
Sep 4, 2016 | $15.12 | Sep 4, 2016 | $15.12 |
Sep 11, 2016 | $15.12 | Sep 11, 2016 | $15.12 |
Sep 18, 2016 | $15.12 | Sep 18, 2016 | $15.12 |
Sep 25, 2016 | $15.12 | Sep 25, 2016 | $15.12 |
Oct 2, 2016 | $15.12 | Oct 2, 2016 | $15.12 |
Oct 9, 2016 | $15.12 | Oct 9, 2016 | $15.12 |
Oct 16, 2016 | $15.12 | Oct 16, 2016 | $15.12 |
Oct 23, 2016 | $15.12 | Oct 23, 2016 | $15.12 |
Oct 30, 2016 | $15.12 | Oct 30, 2016 | $15.12 |
Nov 6, 2016 | $15.12 | Nov 7, 2016 | $15.12 |
Nov 13, 2016 | $15.12 | Nov 13, 2016 | $15.12 |
Nov 20, 2016 | $15.12 | Nov 20, 2016 | $15.12 |
Nov 27, 2016 | $15.12 | Nov 28, 2016 | $15.12 |
Dec 4, 2016 | $15.12 | Dec 4, 2016 | $15.12 |
Dec 11, 2016 | $15.12 | Dec 11, 2016 | $15.12 |
Dec 18, 2016 | $15.12 | Dec 18, 2016 | $15.12 |
Dec 25, 2016 | $15.12 | Dec 25, 2016 | $15.12 |
Jan 1, 2017 | $15.12 | Jan 1, 2017 | $15.12 |
Jan 8, 2017 | $15.12 | Jan 8, 2017 | $15.12 |
Jan 15, 2017 | $15.12 | Jan 15, 2017 | $15.12 |
Jan 22, 2017 | $15.12 | Jan 22, 2017 | $15.12 |
Jan 29, 2017 | $15.12 | Jan 30, 2017 | $15.12 |
Feb 5, 2017 | $15.12 | Feb 5, 2017 | $15.12 |
Feb 12, 2017 | $15.12 | Feb 13, 2017 | $15.12 |
Feb 19, 2017 | $8.91 | Feb 19, 2017 | $8.91 |
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