Selling used clothing for Easter

Olvin

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Olvin

Member since

April 2017

On-time repayments

48 installments  •  56%

About Me

I am a an entrepreneur/ Human Resources Manager in Nairobi.

I live and work in Nairobi and I have also been in Human Resources for the last 5 years while also doubling up as a businessman.

I have continuously grown both in my business and career and am looking to further grow and expand my business as I seek financial independence.

My Business

I deal in clothes, both new and Camera or in more detailed terms mitumba.

I also assist in processing work permits and special passes.

I also double up as a middle man when selling cars whenever I come across cars that are being auctioned by banks.

My business is progressively growing and by December I project to be able to be self sustaining.

This year I would like to expand into bringing in ex-uk laptops since the market for affordable laptops is growing with more people joining campus and without funds to buy new machines

Loan Proposal

I intend to buy three more bales of clothes before supply runs out in the market since there is still a steady flow of bales of mitumba from Europe that had been stuck at sea and I would like to buy them before there is a supply hitch.

Income Source

I so far have clients who. Had made orders and deposits earlier that I couldn't fulfill when the Corona virus first happened.

I will pay through my salary that will come by end of the week and sustain myself with the profits once the clients who have made orders come to pick them up

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$144.00

Date disbursed

Mar 31, 2020

Repayment status

On Time

Projected term

4 weeks

Lenders

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$144.84

Amount remaining

$0.00

Date repaid

Apr 24, 2020

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Apr 10, 2020 $36.21 Apr 8, 2020 $36.21
Apr 17, 2020 $36.21 Apr 16, 2020 $36.21
Apr 24, 2020 $36.21 Apr 24, 2020 $36.21
May 1, 2020 $36.19 Apr 24, 2020 $36.19

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