Additional stock for my busuness
Charles Mwangi
Kiratina, Kenya
100% repaid
Entrepreneur
Name
Charles Mwangi
Member since
February 2015
On-time repayments
251 installments • 71%
About Me
My name is Mwangi Waiya,age 24 and currently residing in Nakuru,Kenya. I am the last born in a family of four, having one brother and two sisters. I lost my father at a tender age,and therefore i didn't know much about him. This accelerated hardships in our family since my mum being a widow and the same time the bread-winner had to toil and moil to feed us. I had to spend most of the days at home than being in school, not that i really enjoyed being in home, but because my mother's small hotel income would not sustain us and school fees included. This forced me to do casual jobs after school at least to assist my mum to pay for school fees.I had to face unbearable challenges for many years in education. But patience and perseverance enabled me to face everything calmly. After completing High School my sister took me in where she sought a cleaning job for me at a nearby office. I was employed at Lamp & light of Kenya, After one year i got an unexpected promotion due to my diligence and commitment.This opened a chance for me to start saving some small money from my monthly income that enabled me to open a small clothes shop.
My Business
Since childhood I have always been wanted to become a successful businessman. Having been born in a community that embraces business as a way of living and taking risks as a part of life,this revived my passion for operating my own business. Clothes being in big demand in suburb of Nakuru area,since making a travel to Nakuru Town is 120 shillings to and fro many people prefer purchasing clothes and other related items away from town. This has been an advantage and an excellent boost to my business forcing me to employ a committed young man to do sales since i have to be in office. Passion and enthusiasm has driven me to do this job and i am looking forward to opening another job in a different area if assisted. Reaching many people through a better service has always been my thirst. It would be a thrilling moment for me to open another clothes shop,because i have experienced and learn t a lot that i would enjoy expanding to different areas. I make a positive profit of between Ksh1000-Ksh2000 weekly that i believe will enable me to repay the loan offered to me on time.I use some profit to invest in my mother's cereal shop because she has been invaluable and very present when i needed her the most. I do invest also in business that i am extremely optimistic will grow some day in future. My dream is to become a helpful,prosperous businessman in the society and possibly to help many young people realize and go after their valid dreams . Getting assistance is one way of making this a reality, and i warmly welcome any help offered to me,to be able to expand my business that i adore very much. I promise to repay back the loan punctually, without failure or disappointments. Thanks a lot
Loan Proposal
am planning to add a bale of second hand shirts which will boost sales in my business. a bale of shirts will cost me approximately 200usd. am expecting a loan of USD 180 of which am planning to provide the difference from savings. with this stock am expecting more sales and a good profit will always be using for reinvestment.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$182.00
Date disbursed
Apr 15, 2016
Repayment status
On Time
Projected term
25 months
Other loans
Lenders
Summary
Amount repaid
$191.10
Amount remaining
$0.00
Date repaid
Jul 9, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 24, 2016 | $4.03 | May 26, 2016 | $4.03 |
| May 1, 2016 | $0.00 | ||
| May 8, 2016 | $0.00 | ||
| May 15, 2016 | $0.00 | ||
| May 22, 2016 | $0.00 | ||
| May 29, 2016 | $2.01 | Jun 4, 2016 | $2.01 |
| Jun 5, 2016 | $0.00 | ||
| Jun 12, 2016 | $0.00 | ||
| Jun 19, 2016 | $2.01 | Jun 14, 2016 | $2.01 |
| Jun 26, 2016 | $2.01 | Jun 24, 2016 | $2.01 |
| Jul 3, 2016 | $0.00 | ||
| Jul 10, 2016 | $1.01 | Jul 10, 2016 | $1.01 |
| Jul 17, 2016 | $1.01 | Jul 18, 2016 | $1.01 |
| Jul 24, 2016 | $1.01 | Jul 24, 2016 | $1.01 |
| Jul 31, 2016 | $1.01 | Jul 30, 2016 | $1.01 |
| Aug 7, 2016 | $1.01 | Aug 10, 2016 | $1.01 |
| Aug 14, 2016 | $1.01 | Aug 18, 2016 | $1.01 |
| Aug 21, 2016 | $1.01 | Aug 21, 2016 | $1.01 |
| Aug 28, 2016 | $1.01 | Aug 29, 2016 | $1.01 |
| Sep 4, 2016 | $1.01 | Sep 4, 2016 | $1.01 |
| Sep 11, 2016 | $6.04 | Sep 11, 2016 | $6.04 |
| Sep 18, 2016 | $2.01 | Sep 18, 2016 | $2.01 |
| Sep 25, 2016 | $2.01 | Sep 26, 2016 | $2.01 |
| Oct 2, 2016 | $2.01 | Oct 2, 2016 | $2.01 |
| Oct 9, 2016 | $2.01 | Oct 9, 2016 | $2.01 |
| Oct 16, 2016 | $2.01 | Oct 16, 2016 | $2.01 |
| Oct 23, 2016 | $2.01 | Oct 23, 2016 | $2.01 |
| Oct 30, 2016 | $2.01 | Oct 30, 2016 | $2.01 |
| Nov 6, 2016 | $2.01 | Nov 6, 2016 | $2.01 |
| Nov 13, 2016 | $2.01 | Nov 13, 2016 | $2.01 |
| Nov 20, 2016 | $2.01 | Nov 20, 2016 | $2.01 |
| Nov 27, 2016 | $2.01 | Nov 27, 2016 | $2.01 |
| Dec 4, 2016 | $2.01 | Dec 4, 2016 | $2.01 |
| Dec 11, 2016 | $4.03 | Dec 11, 2016 | $2.01 |
| Dec 18, 2016 | $2.01 | ||
| Dec 18, 2016 | $0.00 | ||
| Dec 25, 2016 | $2.01 | Dec 25, 2016 | $2.01 |
| Jan 1, 2017 | $2.01 | Jan 1, 2017 | $2.01 |
| Jan 8, 2017 | $2.01 | Jan 8, 2017 | $2.01 |
| Jan 15, 2017 | $2.01 | Jan 15, 2017 | $2.01 |
| Jan 22, 2017 | $2.01 | Feb 12, 2017 | $2.01 |
| Jan 29, 2017 | $0.00 | ||
| Feb 5, 2017 | $0.00 | ||
| Feb 12, 2017 | $0.00 | ||
| Feb 19, 2017 | $1.01 | Feb 18, 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 | Feb 28, 2017 | $1.01 |
| Mar 19, 2017 | $1.01 | Mar 17, 2017 | $1.01 |
| Mar 26, 2017 | $1.01 | Mar 26, 2017 | $1.01 |
| Apr 2, 2017 | $1.01 | Mar 26, 2017 | $1.01 |
| Apr 9, 2017 | $1.01 | Mar 26, 2017 | $1.01 |
| Apr 16, 2017 | $1.01 | Apr 16, 2017 | $1.01 |
| Apr 23, 2017 | $1.01 | Apr 23, 2017 | $1.01 |
| Apr 30, 2017 | $1.01 | Apr 30, 2017 | $1.01 |
| May 7, 2017 | $5.04 | May 4, 2017 | $5.04 |
| May 14, 2017 | $5.04 | May 12, 2017 | $5.04 |
| May 21, 2017 | $2.01 | May 21, 2017 | $2.01 |
| May 28, 2017 | $2.01 | May 26, 2017 | $2.01 |
| Jun 4, 2017 | $2.01 | Jun 4, 2017 | $2.01 |
| Jun 11, 2017 | $2.01 | Jun 4, 2017 | $2.01 |
| Jun 18, 2017 | $2.01 | Jun 4, 2017 | $2.01 |
| Jun 25, 2017 | $2.01 | Jun 4, 2017 | $2.01 |
| Jul 2, 2017 | $2.01 | Jun 4, 2017 | $2.01 |
| Jul 9, 2017 | $2.01 | Jun 4, 2017 | $2.01 |
| Jul 16, 2017 | $2.01 | Jun 4, 2017 | $2.01 |
| Jul 23, 2017 | $2.01 | Jun 4, 2017 | $2.01 |
| Jul 30, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Aug 6, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Aug 13, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Aug 20, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Aug 27, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Sep 3, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Sep 10, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Sep 17, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Sep 24, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Oct 1, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Oct 8, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Oct 15, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Oct 22, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Oct 29, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Nov 5, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Nov 12, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Nov 19, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Nov 26, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Dec 3, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Dec 10, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Dec 17, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Dec 24, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Dec 31, 2017 | $2.01 | Jul 9, 2017 | $2.01 |
| Jan 7, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Jan 14, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Jan 21, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Jan 28, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Feb 4, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Feb 11, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Feb 18, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Feb 25, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Mar 4, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Mar 11, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Mar 18, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Mar 25, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Apr 1, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Apr 8, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Apr 15, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Apr 22, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| Apr 29, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| May 6, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| May 13, 2018 | $2.01 | Jul 9, 2017 | $2.01 |
| May 20, 2018 | $1.72 | Jul 9, 2017 | $1.72 |
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