Entrepreneur
Name
Gladys
Member since
October 2016
On-time repayments
86 installments • 50%
About Me
I was born and raised up by a single mother. I couldn't afford proper education but by sheer struggles and determination I vowed never to accept to be bound by chains of poverty. I left the village to a nearby town to try to make a life. I met a friend who introduced me to her line of business( cloth selling). after a few years of working under her I decided to launch my own business using the little money I had saved from my salary. I set up a small cloth shop which I run up to now as a sole proprietor.
My Business
I sell 2nd hand clothes. my goods are very important since I live in a community which is impoverished and can not afford first hand clothes. I am therefore able to a attend to their clothing needs which is a basic human need. I chose this type of business because I had learned a few trade skills in this line from my friend whom I initially worked for. I basically use 30 thousand Kenya shillings to purchase a bale of clothes from an importer after every month. in return I get a profit of 20 thousands after sale of each bale.I use profits raised to restock my business and cater for my family needs.
Loan Proposal
Dear lenders, if and when I successfully raise this loan, I will inject all the moneys realised into renting a bigger space for my upgraded boutique. I will also partition the room and do shelving and also I intend to purchase more clothe display stands . This will cost me approximately 30 US dollars to rent the room, around 100 US dollars to purchase the display stands and 50 US dollars to partition the room and do shelving. This will be o great benefit to me and my customers as I will be able to expand my business when at the same time expanding variety for my customers as I will be able to ensure theirsatisfaction. With this I project my net profits to scale up by 30 US dollars per day. Thank you lenders as I anticipate help from you to realise my dreams.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$32.00
Date disbursed
Jan 27, 2017
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
United States
United States
Hong Kong
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$32.36
Amount remaining
$0.00
Date repaid
May 30, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 5, 2017 | $1.01 | Feb 4, 2017 | $1.01 |
| Feb 12, 2017 | $1.01 | Feb 4, 2017 | $1.01 |
| Feb 19, 2017 | $1.01 | Feb 13, 2017 | $1.01 |
| Feb 26, 2017 | $1.01 | Feb 28, 2017 | $1.01 |
| Mar 5, 2017 | $1.01 | Feb 28, 2017 | $1.01 |
| Mar 12, 2017 | $1.01 | Apr 22, 2017 | $1.00 |
| May 2, 2017 | $0.01 | ||
| Mar 19, 2017 | $1.01 | May 2, 2017 | $1.00 |
| May 2, 2017 | $0.01 | ||
| Mar 26, 2017 | $1.01 | May 2, 2017 | $1.00 |
| May 6, 2017 | $0.01 | ||
| Apr 2, 2017 | $1.01 | May 6, 2017 | $1.00 |
| May 8, 2017 | $0.01 | ||
| Apr 9, 2017 | $1.01 | May 8, 2017 | $1.00 |
| May 18, 2017 | $0.01 | ||
| Apr 16, 2017 | $1.01 | May 18, 2017 | $1.00 |
| May 23, 2017 | $0.01 | ||
| Apr 23, 2017 | $1.01 | May 23, 2017 | $1.00 |
| May 23, 2017 | $0.01 | ||
| Apr 30, 2017 | $1.01 | May 23, 2017 | $1.00 |
| May 23, 2017 | $0.01 | ||
| May 7, 2017 | $1.01 | May 23, 2017 | $1.00 |
| May 23, 2017 | $0.01 | ||
| May 14, 2017 | $1.01 | May 23, 2017 | $1.00 |
| May 25, 2017 | $0.01 | ||
| May 21, 2017 | $1.01 | May 25, 2017 | $1.00 |
| May 25, 2017 | $0.01 | ||
| May 28, 2017 | $1.01 | May 25, 2017 | $1.00 |
| May 25, 2017 | $0.01 | ||
| Jun 4, 2017 | $1.01 | May 25, 2017 | $1.00 |
| May 25, 2017 | $0.01 | ||
| Jun 11, 2017 | $1.01 | May 25, 2017 | $1.00 |
| May 25, 2017 | $0.01 | ||
| Jun 18, 2017 | $1.01 | May 25, 2017 | $1.00 |
| May 25, 2017 | $0.01 | ||
| Jun 25, 2017 | $1.01 | May 25, 2017 | $1.00 |
| May 25, 2017 | $0.01 | ||
| Jul 2, 2017 | $1.01 | May 25, 2017 | $1.00 |
| May 25, 2017 | $0.01 | ||
| Jul 9, 2017 | $1.01 | May 25, 2017 | $1.00 |
| May 25, 2017 | $0.01 | ||
| Jul 16, 2017 | $1.01 | May 25, 2017 | $1.00 |
| May 25, 2017 | $0.01 | ||
| Jul 23, 2017 | $1.01 | May 25, 2017 | $1.00 |
| May 28, 2017 | $0.01 | ||
| Jul 30, 2017 | $1.01 | May 28, 2017 | $1.00 |
| May 28, 2017 | $0.01 | ||
| Aug 6, 2017 | $1.01 | May 28, 2017 | $1.00 |
| May 28, 2017 | $0.01 | ||
| Aug 13, 2017 | $1.01 | May 28, 2017 | $1.00 |
| May 28, 2017 | $0.01 | ||
| Aug 20, 2017 | $1.01 | May 28, 2017 | $1.00 |
| May 28, 2017 | $0.01 | ||
| Aug 27, 2017 | $1.01 | May 28, 2017 | $1.00 |
| May 28, 2017 | $0.01 | ||
| Sep 3, 2017 | $1.01 | May 28, 2017 | $0.93 |
| May 30, 2017 | $0.08 | ||
| Sep 10, 2017 | $1.01 | May 30, 2017 | $0.93 |
| May 30, 2017 | $0.08 | ||
| Sep 17, 2017 | $0.13 | May 30, 2017 | $0.13 |
Ask Gladys a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.