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
As with the previous loan, I will use this money to buy another bale of assorted clothes. This will cost me about USD 100 which is almost the same as the money I am asking for here.
I expect to make quick sales since I am expecting increased demand for clothes as we head to the end of this year. This will lead to increased sales which means a better life for me and my young family. 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
As with the previous loan, I will use this money to buy another bale of assorted clothes. This will cost me about USD 100 which is almost the same as the money I am asking for here.
I expect to make quick sales since I am expecting increased demand for clothes as we head to the end of this year. This will lead to increased sales which means a better life for me and my young family. Thank you.
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$92.00
Date disbursed
Oct 13, 2016
Repayment status
On Time
Projected term
11 months
Lenders
United States
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Summary
Amount repaid
$92.10
Amount remaining
$0.00
Date repaid
Apr 10, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 25, 2016 | $2.02 | Oct 26, 2016 | $2.02 |
| Nov 1, 2016 | $2.02 | Oct 26, 2016 | $1.01 |
| Nov 3, 2016 | $1.01 | ||
| Nov 8, 2016 | $2.02 | Nov 3, 2016 | $2.02 |
| Nov 15, 2016 | $2.02 | Nov 10, 2016 | $2.02 |
| Nov 22, 2016 | $2.02 | Nov 10, 2016 | $1.01 |
| Nov 16, 2016 | $1.01 | ||
| Nov 29, 2016 | $2.02 | Nov 16, 2016 | $2.02 |
| Dec 6, 2016 | $2.02 | Nov 28, 2016 | $2.02 |
| Dec 13, 2016 | $2.02 | Nov 28, 2016 | $1.01 |
| Dec 7, 2016 | $1.01 | ||
| Dec 20, 2016 | $2.02 | Dec 7, 2016 | $2.02 |
| Dec 27, 2016 | $2.02 | Dec 21, 2016 | $2.02 |
| Jan 3, 2017 | $2.02 | Dec 21, 2016 | $2.02 |
| Jan 10, 2017 | $2.02 | Dec 21, 2016 | $2.02 |
| Jan 17, 2017 | $2.02 | Dec 27, 2016 | $2.02 |
| Jan 24, 2017 | $2.02 | Dec 27, 2016 | $2.02 |
| Jan 31, 2017 | $2.02 | Dec 27, 2016 | $2.02 |
| Feb 7, 2017 | $2.02 | Jan 5, 2017 | $2.02 |
| Feb 14, 2017 | $2.02 | Jan 5, 2017 | $1.01 |
| Jan 10, 2017 | $1.01 | ||
| Feb 21, 2017 | $2.02 | Jan 10, 2017 | $2.02 |
| Feb 28, 2017 | $2.02 | Feb 6, 2017 | $2.02 |
| Mar 7, 2017 | $2.02 | Feb 6, 2017 | $2.02 |
| Mar 14, 2017 | $2.02 | Feb 6, 2017 | $2.02 |
| Mar 21, 2017 | $2.02 | Feb 6, 2017 | $2.02 |
| Mar 28, 2017 | $2.02 | Feb 6, 2017 | $2.02 |
| Apr 4, 2017 | $2.02 | Feb 6, 2017 | $2.02 |
| Apr 11, 2017 | $2.02 | Feb 15, 2017 | $2.02 |
| Apr 18, 2017 | $2.02 | Feb 15, 2017 | $2.02 |
| Apr 25, 2017 | $2.02 | Feb 15, 2017 | $2.02 |
| May 2, 2017 | $2.02 | Feb 21, 2017 | $2.02 |
| May 9, 2017 | $2.02 | Feb 21, 2017 | $1.01 |
| Mar 5, 2017 | $1.01 | ||
| May 16, 2017 | $2.02 | Mar 5, 2017 | $2.02 |
| May 23, 2017 | $2.02 | Mar 10, 2017 | $2.02 |
| May 30, 2017 | $2.02 | Mar 10, 2017 | $1.01 |
| Mar 15, 2017 | $1.01 | ||
| Jun 6, 2017 | $2.02 | Mar 15, 2017 | $2.02 |
| Jun 13, 2017 | $2.02 | Mar 15, 2017 | $2.02 |
| Jun 20, 2017 | $2.02 | Mar 15, 2017 | $2.02 |
| Jun 27, 2017 | $2.02 | Mar 15, 2017 | $2.02 |
| Jul 4, 2017 | $2.02 | Mar 15, 2017 | $1.01 |
| Apr 10, 2017 | $1.01 | ||
| Jul 11, 2017 | $2.02 | Apr 10, 2017 | $2.02 |
| Jul 18, 2017 | $2.02 | Apr 10, 2017 | $2.02 |
| Jul 25, 2017 | $2.02 | Apr 10, 2017 | $2.02 |
| Aug 1, 2017 | $2.02 | Apr 10, 2017 | $2.02 |
| Aug 8, 2017 | $2.02 | Apr 10, 2017 | $2.02 |
| Aug 15, 2017 | $2.02 | Apr 10, 2017 | $2.02 |
| Aug 22, 2017 | $2.02 | Apr 10, 2017 | $2.02 |
| Aug 29, 2017 | $2.02 | Apr 10, 2017 | $2.02 |
| Sep 5, 2017 | $1.35 | Apr 10, 2017 | $1.35 |
Ahadi Jun 26, 2018
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