Adding clothing and flowers to my boutique
Millicent
Kisii, Kenya
4% repaid
Entrepreneur
Name
Millicent
Member since
June 2016
On-time repayments
41 installments • 78%
About Me
I am 21 years old and a Kenyan citizen. I come from Kisii county. Currently, I am staying at Kisii town. I am a single mother. I am blessed with a baby boy who is now one and half years old. In my family, I am the first born in a family of six. My parents are business people. My father owns a shop and my mother owns a boutique. It is through them that I also ventured into business. I also own a small boutique at Kisii town outside Uhuru Plaza. I was influenced by my fellow business man (Newton Nyakundi) to also apply for a loan from your organization. He has tried it and he has expanded his business.
My Business
I sell clothes and flowers in my small boutique at Kisii town. I started with very little capital which I was given by my father. I have expanded more than when I started. I have great dreams of seeing my business grow.
I sell clothes because I felt clothes are basic, hence one can't miss customers. I decided to situate my business near banks. This has boosted my business since my customers may do impulse buying.
Actually, I get normal profits. Since I have many competitors, I am forced to adjust my prices in order to maintain customers. For trustworthy customers and regular customers, I can sell them items on credit. This has boosted my relationship with my customers.
I currently use the profits to expand my business since my kid has not joined school yet.
Loan Proposal
I would like to add stock (clothes and flowers). My stock decreased abnormally since I spent my business money to pay a hospital bill for my son. It has given me a hard time to go back to my financial position. Now I wish to request the loan to boost my business. Right now, I don't have the variety of stock that can attract customers. Wide variety attracts customers to admire the stock and they may end up doing impulse buying.
About Me
am 21years old and kenyan citizen. i come from kisii county. curretly am staying at kisii town. am a single mother. am blessed with a baby boy who is now one and half year old. in my family am the first born in a family of six. my parents are business men. my father own a shop and my mother own a boutique. it is through them that i also ventured in business. i also own a small boutique at kisii town outside uhuru plaza. i was influenced by my fellow business man{ newton nyakundi} to also apply for a loan from your organization. he has tried it and he has expanded his business.
My Business
i sale cloths and flowers. I own a small boutique at kisii town outside uhuru plaza. i started with very little capital which i was given by my father. i have expanded more than i started. i have great dreams of seeing my business grow.
I sale cloths because I felt clothes are basic hence one can't miss customers. I decided to situate my business near banks. This has boosted my business since my customers may do impulse buying.
Actually I get normal profits. Since I have many competitors,am forced to adjust my prices in order to maintain customers. For trust worthy customers and regular customers, I can sale them on credit. This has boosted my relationship with my customers.
I currently use the profits to expand my business since my kid has not joined school.
Loan Proposal
I would like to add stock (clothes and flowers). My stock decreased abnormally since I spent business money to pay hospital bill for my son.
It has given me hard time to go back to my financial position, now I wish to request for the loan to boost my business.
Right now I don't have variety of stock that can attract customers.Wide variety attracts customers to admire and may end up doing impulse buying.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$284.00
Date disbursed
Feb 24, 2017
Repayment status
Late
Projected term
60 months
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Summary
Amount repaid
$11.80
Amount remaining
$272.07
Expected completion
May 22, 2017
Status
Repaying late
Installment amount
$31.54
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 6, 2017 | $7.87 | Feb 27, 2017 | $7.87 |
| Mar 13, 2017 | $0.98 | Mar 13, 2017 | $0.98 |
| Mar 20, 2017 | $0.98 | Mar 22, 2017 | $0.98 |
| Mar 27, 2017 | $31.54 | Mar 25, 2017 | $0.98 |
| Apr 8, 2021 | $0.98 | ||
| Apr 3, 2017 | $31.54 | ||
| Apr 10, 2017 | $31.54 | ||
| Apr 17, 2017 | $31.54 | ||
| Apr 24, 2017 | $31.54 | ||
| May 1, 2017 | $31.54 | ||
| May 8, 2017 | $31.54 | ||
| May 15, 2017 | $31.54 | ||
| May 22, 2017 | $21.71 | ||
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