Additional stock of second hand clothes
Margaret
Mombasa, Kenya
100% repaid
Entrepreneur
Name
Margaret
Member since
February 2015
On-time repayments
212 installments • 43%
About Me
My name is Margaret Muthoni, a businesswoman based in Mombasa city. I was born in Nyeri county in the central region of Kenya. This is an agriculturally rich area and most people around this area are farmers.
I grew up in this farming community where I learned my farming skills early in life. I however had a desire to work in big cities and a chance came when I cleared my secondary school. After clearing my secondary education, I moved to Mombasa, which is the second largest city in Kenya, to live with my uncle.
I then enrolled in a college where I did a course in catering and hotel management. I got a job in a hotel shortly after completing my course, where I worked for six months.
I then got married and I could not continue with my hotel job since it demanded that I work in very odd hours and this could not work since I was starting a family. I was blessed with two children, now aged 12 and 7 years.
With the help of my husband, I started a clothes selling business which I am still doing.
My Business
My business is selling of used and new clothes. I do it from a rented stall in town. I normally get my stock from big markets in Nairobi. My shop is located in a densely populated area of the city and I get a regular stream of customers who have known me over the years.
I deal with all types of clothes of all ages and sexes. The business fetches a profit of about $300 per month and I use this money to support my family as well as sending money back home to support my aging parents.
Given credit, I would like to expand my business by adding more stock so as to attract more people to my shop.
Loan Proposal
We are now approaching the long rains season. I intend to stock some warm clothes and rain coats which are in high demand during this season. I hope to make some good profit from this venture which will enable me expand my business even further.
This will bring me closer to my goal of financial independence which I have yearned for a long time. Thank you.
About Me
My name is Margaret Muthoni, a business woman based in Mombasa city. I was born in Nyeri county in the central region of Kenya. This is an agricultural rich area and most people around this area are farmers.
I grew up in this farming community where I learned my farming skills early in life. I however had a desire to work in big cities and a chance came when I cleared my secondary school. After clearing my secondary education, I moved to Mombasa which is the second largest city in Kenya to live with my uncle.
I then enrolled in a college where I did a course in catering and hotel management. I got a job in a hotel shortly after completing my course where I worked for six months.
I then got married and I could not continue with my hotel job since it demanded that I work in very odd hours and this could not work since I was starting a family. I was blessed with two children now aged 12 and 7 years.
With the help of my husband, I started a cloth selling business which I am still doing.
My Business
My business is selling of used and new clothes. I do it from a rented stall in town. I normally get my stock from big markets in Nairobi. My shop is located in a densely populated area of the city and I get a regular stream of customers who have known me over the years.
I deal with all types of clothes of all ages and sexes. The business fetches a profit of about $300 per month and I use this money to support my family as well as sending money back home to support my aging parents.
Given credit, I would like to expand my business by adding more stock so as to attract more people to my shop.
Loan Proposal
We are now approaching the long rains season. I intend to stock some warm clothes and rain coats which are in high demand during this season. I hope to make some good profit from this venture which will enable me expand my business even further.
This will bring me closer to my goal of financial independence which I have yearned for a long time. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$92.00
Date disbursed
Mar 22, 2016
Repayment status
On Time
Projected term
7 months
Lenders
United States
United States
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Summary
Amount repaid
$96.60
Amount remaining
$0.00
Date repaid
Oct 9, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 30, 2016 | $3.02 | Mar 31, 2016 | $3.02 |
| Apr 6, 2016 | $3.02 | Mar 31, 2016 | $3.02 |
| Apr 13, 2016 | $3.02 | Mar 31, 2016 | $3.02 |
| Apr 20, 2016 | $3.02 | Mar 31, 2016 | $1.01 |
| Apr 26, 2016 | $2.01 | ||
| Apr 27, 2016 | $3.02 | Apr 26, 2016 | $1.01 |
| May 3, 2016 | $2.01 | ||
| May 4, 2016 | $3.02 | May 3, 2016 | $3.02 |
| May 11, 2016 | $3.02 | May 3, 2016 | $1.01 |
| May 19, 2016 | $2.01 | ||
| May 18, 2016 | $3.02 | May 19, 2016 | $1.01 |
| May 26, 2016 | $2.01 | ||
| May 25, 2016 | $3.02 | May 26, 2016 | $1.01 |
| Jun 3, 2016 | $2.01 | ||
| Jun 1, 2016 | $3.02 | Jun 3, 2016 | $1.01 |
| Jun 10, 2016 | $2.01 | ||
| Jun 8, 2016 | $3.02 | Jun 10, 2016 | $1.01 |
| Jun 18, 2016 | $2.01 | ||
| Jun 15, 2016 | $3.02 | Jun 18, 2016 | $1.01 |
| Jun 26, 2016 | $2.01 | ||
| Jun 22, 2016 | $3.02 | Jul 5, 2016 | $3.02 |
| Jun 29, 2016 | $3.02 | Jul 31, 2016 | $3.02 |
| Jul 6, 2016 | $3.02 | Jul 31, 2016 | $0.30 |
| Aug 17, 2016 | $2.72 | ||
| Jul 13, 2016 | $3.02 | Aug 17, 2016 | $3.02 |
| Jul 20, 2016 | $3.02 | Aug 17, 2016 | $0.30 |
| Aug 31, 2016 | $2.72 | ||
| Jul 27, 2016 | $3.02 | Aug 31, 2016 | $0.81 |
| Sep 6, 2016 | $2.22 | ||
| Aug 3, 2016 | $3.02 | Sep 6, 2016 | $0.81 |
| Sep 18, 2016 | $2.22 | ||
| Aug 10, 2016 | $3.02 | Sep 18, 2016 | $0.81 |
| Sep 28, 2016 | $2.22 | ||
| Aug 17, 2016 | $3.02 | Sep 28, 2016 | $3.02 |
| Aug 24, 2016 | $3.02 | Sep 28, 2016 | $0.81 |
| Oct 4, 2016 | $2.22 | ||
| Aug 31, 2016 | $3.02 | Oct 4, 2016 | $3.02 |
| Sep 7, 2016 | $3.02 | Oct 4, 2016 | $3.02 |
| Sep 14, 2016 | $3.02 | Oct 4, 2016 | $3.02 |
| Sep 21, 2016 | $3.02 | Oct 4, 2016 | $3.02 |
| Sep 28, 2016 | $3.02 | Oct 4, 2016 | $3.02 |
| Oct 5, 2016 | $3.02 | Oct 4, 2016 | $3.02 |
| Oct 12, 2016 | $3.02 | Oct 4, 2016 | $0.81 |
| Oct 9, 2016 | $2.22 | ||
| Oct 19, 2016 | $3.02 | Oct 9, 2016 | $3.02 |
| Oct 26, 2016 | $3.02 | Oct 9, 2016 | $3.02 |
| Nov 2, 2016 | $2.92 | Oct 9, 2016 | $2.92 |
Ahadi Jun 26, 2018
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