Add stock to my second hand clothing business
Geofrey
Eldoret ,kamukunji Bondeni Estate, Kenya
100% repaid
Entrepreneur
Name
Geofrey
Member since
October 2015
On-time repayments
117 installments • 71%
About Me
Iam Geofrey K.Omula,aged 39 years old ,From Nmabale Town ,Busia County in Kenya But currently I live in Eldoret.
I was priviledged to school up to form 4
Iam married and God has blessed us with two children a son and adaughter.
Started business in Eldoret Town Uasin gishu county in 2005
I live in Eldoret town with my family
My Business
I do the business of buying and selling second hand clothes ,popularly called mutumba in Kenya.
I started the business in 2005 as a suppliment to employment income and since then the business has grown big by the grace of God .I manage the business with my wife .Our business is located in ELDORET WEST MARKET.
We usually buy bells of second hand clothes open them then we sell pieces on retail basis.
Monthly cost of operating the business is approximately 450 us dollars ,while runing expenses approximately 220 us dollar ,thus monthly profit is approximately 230 us dollars.
I normally us the profits finance upkeep of my elderly mum ,school fees for my children and some months where their is no school fees I plough back part of the profit into business
Loan Proposal
MY PROPOSAL IS THAT IF FUNDED ALL THE US DOLLAR 200 ,I INTEND TO USE TO BOOST MY BUSINESS STOCK BY BUYING ONE BELL OF T-SHIRT AT 120 US DOLLARS AND THEN TROUSERS WORTH 80 US DOLLARS .
I TARGET THE END OF THE YEAR BUSINESS .MY BUSINESS IS ALWAYS GOES UP IN THE SEASON OF OCTOBER TO DECEMBER EVERY YEAR DUE TO HIGH DEMAND .SO I DO EXPECT TO INCREASE SALES BETWEEN 150% TO 200% IF I GET SOME MONEY TO ADD STOCK .GOD BLESS YOU LOOKING FORWARD TO YOUR WISE CONSIDERATION.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Oct 20, 2015
Repayment status
On Time
Projected term
15 months
Other loans
Lenders
United States
Summary
Amount repaid
$208.99
Amount remaining
$0.00
Date repaid
Jan 19, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 1, 2015 | $3.00 | Oct 31, 2015 | $3.00 |
| Nov 8, 2015 | $3.00 | Oct 31, 2015 | $1.78 |
| Nov 4, 2015 | $1.22 | ||
| Nov 15, 2015 | $3.00 | Nov 4, 2015 | $3.00 |
| Nov 22, 2015 | $3.00 | Nov 4, 2015 | $0.81 |
| Nov 22, 2015 | $2.19 | ||
| Nov 29, 2015 | $3.00 | Nov 22, 2015 | $1.01 |
| Nov 30, 2015 | $1.99 | ||
| Dec 6, 2015 | $3.00 | Nov 30, 2015 | $1.11 |
| Dec 6, 2015 | $1.89 | ||
| Dec 13, 2015 | $3.00 | Dec 6, 2015 | $0.39 |
| Dec 14, 2015 | $2.61 | ||
| Dec 20, 2015 | $3.00 | Dec 14, 2015 | $2.29 |
| Dec 24, 2015 | $0.71 | ||
| Dec 27, 2015 | $3.00 | Dec 24, 2015 | $3.00 |
| Jan 3, 2016 | $0.29 | Dec 24, 2015 | $0.29 |
| Jan 10, 2016 | $2.00 | Jan 15, 2016 | $2.00 |
| Jan 17, 2016 | $2.00 | Jan 15, 2016 | $2.00 |
| Jan 24, 2016 | $2.00 | Jan 15, 2016 | $0.06 |
| Feb 4, 2016 | $1.94 | ||
| Jan 31, 2016 | $2.00 | Feb 4, 2016 | $2.00 |
| Feb 7, 2016 | $2.00 | Feb 4, 2016 | $0.56 |
| Feb 11, 2016 | $1.44 | ||
| Feb 14, 2016 | $2.00 | Feb 11, 2016 | $2.00 |
| Feb 21, 2016 | $2.00 | Feb 11, 2016 | $0.56 |
| Mar 1, 2016 | $1.44 | ||
| Feb 28, 2016 | $2.00 | Mar 1, 2016 | $2.00 |
| Mar 6, 2016 | $2.00 | Mar 1, 2016 | $2.00 |
| Mar 13, 2016 | $2.00 | Mar 1, 2016 | $0.34 |
| Mar 14, 2016 | $1.66 | ||
| Mar 20, 2016 | $2.00 | Mar 14, 2016 | $1.62 |
| Mar 31, 2016 | $0.38 | ||
| Mar 27, 2016 | $2.00 | Mar 31, 2016 | $2.00 |
| Apr 3, 2016 | $2.00 | Mar 31, 2016 | $2.00 |
| Apr 10, 2016 | $2.00 | Mar 31, 2016 | $1.40 |
| Apr 20, 2016 | $0.60 | ||
| Apr 17, 2016 | $2.00 | Apr 20, 2016 | $2.00 |
| Apr 24, 2016 | $2.00 | Apr 20, 2016 | $2.00 |
| May 1, 2016 | $2.00 | Apr 20, 2016 | $0.18 |
| May 13, 2016 | $1.82 | ||
| May 8, 2016 | $2.00 | May 13, 2016 | $2.00 |
| May 15, 2016 | $2.00 | May 13, 2016 | $1.96 |
| May 21, 2016 | $0.04 | ||
| May 22, 2016 | $2.00 | May 21, 2016 | $2.00 |
| May 29, 2016 | $2.00 | May 21, 2016 | $1.08 |
| Jun 9, 2016 | $0.92 | ||
| Jun 5, 2016 | $2.00 | Jun 9, 2016 | $2.00 |
| Jun 12, 2016 | $2.00 | Jun 9, 2016 | $1.29 |
| Jul 2, 2016 | $0.71 | ||
| Jun 19, 2016 | $2.00 | Jul 2, 2016 | $2.00 |
| Jun 26, 2016 | $2.00 | Jul 2, 2016 | $2.00 |
| Jul 3, 2016 | $2.00 | Jul 2, 2016 | $2.00 |
| Jul 10, 2016 | $2.00 | Jul 2, 2016 | $1.07 |
| Jul 16, 2016 | $0.93 | ||
| Jul 17, 2016 | $2.00 | Jul 16, 2016 | $2.00 |
| Jul 24, 2016 | $2.00 | Jul 16, 2016 | $2.00 |
| Jul 31, 2016 | $2.00 | Jul 16, 2016 | $0.08 |
| Aug 2, 2016 | $1.92 | ||
| Aug 7, 2016 | $2.00 | Aug 2, 2016 | $2.00 |
| Aug 14, 2016 | $2.00 | Aug 2, 2016 | $0.86 |
| Aug 23, 2016 | $1.14 | ||
| Aug 21, 2016 | $2.00 | Aug 23, 2016 | $2.00 |
| Aug 28, 2016 | $2.00 | Aug 23, 2016 | $2.00 |
| Sep 4, 2016 | $2.00 | Aug 23, 2016 | $0.09 |
| Sep 10, 2016 | $1.91 | ||
| Sep 11, 2016 | $2.00 | Sep 10, 2016 | $2.00 |
| Sep 18, 2016 | $2.00 | Sep 10, 2016 | $0.09 |
| Sep 21, 2016 | $1.91 | ||
| Sep 25, 2016 | $2.00 | Sep 21, 2016 | $1.37 |
| Sep 30, 2016 | $0.63 | ||
| Oct 2, 2016 | $2.00 | Sep 30, 2016 | $2.00 |
| Oct 9, 2016 | $2.00 | Sep 30, 2016 | $2.00 |
| Oct 16, 2016 | $2.00 | Sep 30, 2016 | $2.00 |
| Oct 23, 2016 | $2.00 | Sep 30, 2016 | $2.00 |
| Oct 30, 2016 | $2.00 | Sep 30, 2016 | $0.61 |
| Nov 3, 2016 | $1.39 | ||
| Nov 6, 2016 | $2.00 | Nov 3, 2016 | $2.00 |
| Nov 13, 2016 | $2.00 | Nov 3, 2016 | $2.00 |
| Nov 20, 2016 | $2.00 | Nov 3, 2016 | $2.00 |
| Nov 27, 2016 | $2.00 | Nov 3, 2016 | $2.00 |
| Dec 4, 2016 | $2.00 | Nov 3, 2016 | $0.61 |
| Nov 19, 2016 | $1.39 | ||
| Dec 11, 2016 | $2.00 | Nov 19, 2016 | $2.00 |
| Dec 18, 2016 | $2.00 | Nov 19, 2016 | $2.00 |
| Dec 25, 2016 | $2.00 | Nov 19, 2016 | $2.00 |
| Jan 1, 2017 | $0.40 | Nov 19, 2016 | $0.40 |
| Jan 8, 2017 | $0.00 | ||
| Jan 15, 2017 | $25.00 | Jan 10, 2017 | $25.00 |
| Jan 22, 2017 | $54.30 | Jan 10, 2017 | $25.00 |
| Jan 19, 2017 | $29.30 | ||
Ask Geofrey a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.