Name
Margaret
Member since
February 2015
On-time repayments
212 installments • 43%
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 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.
Clients are always attracted to shops that offer a wide variety of items. I want to use this principle and increase my stock so as to attract more buyers. I sell all types of clothes for both sexes and with more cash, I will be able to build on the stock that I already have.
I will spend all the money to buy stock of women and children used clothes which have more demand than the rest. I am hoping to benefit from the end of year high season and I am optimistic that I will make good sales during the season.
Thank you.
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 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.
Clients are always attracted to shops that offer a wide variety of items. I want to use this principle and increase my stock so as to attract more buyers. I sell all types of clothes for both sexes and with more cash, I will be able to build on the stock that I already have.
I will spend all the money to buy stock of women and children used clothes which have more demand than the rest. I am hoping to benefit from the end of year high season and I am optimistic that I will make good sales during the season.
Thank you.
Positive
4
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$92.00
Date disbursed
Oct 29, 2015
Repayment status
On Time
Projected term
4 months
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Amount repaid
$96.14
Amount remaining
$0.00
Date repaid
Mar 9, 2016
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Nov 8, 2015 | $5.00 | Nov 8, 2015 | $5.00 |
Nov 15, 2015 | $5.00 | Nov 8, 2015 | $5.00 |
Nov 22, 2015 | $5.00 | Nov 16, 2015 | $5.00 |
Nov 29, 2015 | $5.00 | Nov 25, 2015 | $5.00 |
Dec 6, 2015 | $5.00 | Nov 25, 2015 | $5.00 |
Dec 13, 2015 | $5.00 | Dec 8, 2015 | $5.00 |
Dec 20, 2015 | $5.00 | Dec 8, 2015 | $5.00 |
Dec 27, 2015 | $5.00 | Dec 21, 2015 | $5.00 |
Jan 3, 2016 | $5.00 | Jan 4, 2016 | $5.00 |
Jan 10, 2016 | $5.00 | Jan 12, 2016 | $5.00 |
Jan 17, 2016 | $5.00 | Jan 12, 2016 | $5.00 |
Jan 24, 2016 | $5.00 | Jan 19, 2016 | $5.00 |
Jan 31, 2016 | $5.00 | Jan 26, 2016 | $5.00 |
Feb 7, 2016 | $5.00 | Feb 2, 2016 | $5.00 |
Feb 14, 2016 | $5.00 | Feb 9, 2016 | $5.00 |
Feb 21, 2016 | $5.00 | Feb 9, 2016 | $5.00 |
Feb 28, 2016 | $5.00 | Feb 22, 2016 | $5.00 |
Mar 6, 2016 | $5.00 | Mar 1, 2016 | $5.00 |
Mar 13, 2016 | $5.00 | Mar 9, 2016 | $5.00 |
Mar 20, 2016 | $1.14 | Mar 9, 2016 | $1.14 |
Ahadi Jun 26, 2018
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