Name
Margaret
Member since
March 2015
On-time repayments
174 installments • 31%
My name is Margaret Wambui from Kenya, Nakuru. I come from a nuclear family of five children. We have all finished college and doing businesses. In my family we are success oriented people and we never give up. This is how our parents raised me up. Challenges are there and I am going a very outstanding challenge that I had gone through. This touches my financial life. I had just finished my c ollege and I was looking for an employment. It happened that my friend called me for a job which was a bout 50kms away from home. I did not have cash and neither of my family members had. So what I did is to approach a neighbour of mine who used to be our friends. He did not accept that easily. He asked me if I was going to sell second hand clothes for him after I come to refund his money. I accepted and he gave me the cash. I reached at my friends place and unfortunately the job was also to sell second hand clothes. This heart broken. I had taken my money so that in return I sell second hand clothes and there I was going to be give selling second hand clothes job. I came back to my neighbours job and after a few weeks he gave me capital to start my own business. I just started my business from there. I look forward to expanding this business. My culture is a good one and traditional music is our unique cultural thing. During occassion we listen to our traditional music called Mugithi, This is music mixed with folk dance and other cultures envy it.I want my children to grow wealthy when they grow up.
My business is doing well. I sell second hand clothes but I want to upgrade it to selling new clothes because it is also fast selling. I am seeking this loan to expand my business so that I earn extra income to support my family. Clothes are on high demand, people are buy it every day. Second hand clothes are bought by low and middle class people. Now I would like to meet the standard of high class people by getting new clothes and fashioned clothes. This will tremendously increase my daily sales thus my income big.
I chose this business because it is a daily business. What I mean is that people buy clothes on daily basis, either for children or adults that is i make a sale everyday. This business also was my life changing opportunity for me. I was introduced to it while paying debt but it became relevant to me and I loved it.
My profits is about 60$ monthly. This is nice. But I can do better than this. My expenses involve food, rent and transport and other home improvements like chairs, tables , beddings and utensils
i want to buy coats now that we are in cold season.i will buy the trenchcoats at 5$ to 7$ and sell between 10$to 20$ depending on the trenchcoat design if it is official the price is high to one that is flowerly and casual.this new stock will boost my sales very much,adding this to my current stock i can be able to make more like by about 8$ from trench coats only. if the client sees the other clothes in stock and makes even more sales .
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$98.00
Date disbursed
Jun 27, 2017
Repayment status
Late
Projected term
25 months
Other loans
Amount repaid
$10.27
Amount remaining
$88.18
Expected completion
Aug 3, 2019
Status
Repaying late
Installment amount
$0.99
Expected Payments | Actual Payments | ||
---|---|---|---|
Jul 8, 2017 | $0.99 | Jul 8, 2017 | $0.99 |
Jul 15, 2017 | $0.99 | Jul 21, 2017 | $0.99 |
Jul 22, 2017 | $0.99 | Jul 25, 2017 | $0.99 |
Jul 29, 2017 | $0.99 | Jul 25, 2017 | $0.99 |
Aug 5, 2017 | $0.99 | Aug 4, 2017 | $0.99 |
Aug 12, 2017 | $0.99 | Aug 19, 2017 | $0.99 |
Aug 19, 2017 | $2.37 | Aug 21, 2017 | $0.99 |
Aug 21, 2017 | $0.40 | ||
Aug 24, 2017 | $0.99 | ||
Aug 26, 2017 | $0.00 | ||
Sep 2, 2017 | $0.00 | ||
Sep 9, 2017 | $0.00 | ||
Sep 16, 2017 | $0.00 | ||
Sep 23, 2017 | $0.99 | Oct 14, 2017 | $0.99 |
Sep 30, 2017 | $0.00 | ||
Oct 7, 2017 | $0.00 | ||
Oct 14, 2017 | $0.00 | ||
Oct 21, 2017 | $0.00 | ||
Oct 28, 2017 | $0.00 | ||
Nov 4, 2017 | $0.00 | ||
Nov 11, 2017 | $0.99 | Nov 20, 2017 | $0.99 |
Nov 18, 2017 | $0.99 | ||
Nov 25, 2017 | $0.99 | ||
Dec 2, 2017 | $0.99 | ||
Dec 9, 2017 | $0.99 | ||
Dec 16, 2017 | $0.99 | ||
Dec 23, 2017 | $0.99 | ||
Dec 30, 2017 | $0.99 | ||
Jan 6, 2018 | $0.99 | ||
Jan 13, 2018 | $0.99 | ||
Jan 20, 2018 | $0.99 | ||
Jan 27, 2018 | $0.99 | ||
Feb 3, 2018 | $0.99 | ||
Feb 10, 2018 | $0.99 | ||
Feb 17, 2018 | $0.99 | ||
Feb 24, 2018 | $0.99 | ||
Mar 3, 2018 | $0.99 | ||
Mar 10, 2018 | $0.99 | ||
Mar 17, 2018 | $0.99 | ||
Mar 24, 2018 | $0.99 | ||
Mar 31, 2018 | $0.99 | ||
Apr 7, 2018 | $0.99 | ||
Apr 14, 2018 | $0.99 | ||
Apr 21, 2018 | $0.99 | ||
Apr 28, 2018 | $0.99 | ||
May 5, 2018 | $0.99 | ||
May 12, 2018 | $0.99 | ||
May 19, 2018 | $0.99 | ||
May 26, 2018 | $0.99 | ||
Jun 2, 2018 | $0.99 | ||
Jun 9, 2018 | $0.99 | ||
Jun 16, 2018 | $0.99 | ||
Jun 23, 2018 | $0.99 | ||
Jun 30, 2018 | $0.99 | ||
Jul 7, 2018 | $0.99 | ||
Jul 14, 2018 | $0.99 | ||
Jul 21, 2018 | $0.99 | ||
Jul 28, 2018 | $0.99 | ||
Aug 4, 2018 | $0.99 | ||
Aug 11, 2018 | $0.99 | ||
Aug 18, 2018 | $0.99 | ||
Aug 25, 2018 | $0.99 | ||
Sep 1, 2018 | $0.99 | ||
Sep 8, 2018 | $0.99 | ||
Sep 15, 2018 | $0.99 | ||
Sep 22, 2018 | $0.99 | ||
Sep 29, 2018 | $0.99 | ||
Oct 6, 2018 | $0.99 | ||
Oct 13, 2018 | $0.99 | ||
Oct 20, 2018 | $0.99 | ||
Oct 27, 2018 | $0.99 | ||
Nov 3, 2018 | $0.99 | ||
Nov 10, 2018 | $0.99 | ||
Nov 17, 2018 | $0.99 | ||
Nov 24, 2018 | $0.99 | ||
Dec 1, 2018 | $0.99 | ||
Dec 8, 2018 | $0.99 | ||
Dec 15, 2018 | $0.99 | ||
Dec 22, 2018 | $0.99 | ||
Dec 29, 2018 | $0.99 | ||
Jan 5, 2019 | $0.99 | ||
Jan 12, 2019 | $0.99 | ||
Jan 19, 2019 | $0.99 | ||
Jan 26, 2019 | $0.99 | ||
Feb 2, 2019 | $0.99 | ||
Feb 9, 2019 | $0.99 | ||
Feb 16, 2019 | $0.99 | ||
Feb 23, 2019 | $0.99 | ||
Mar 2, 2019 | $0.99 | ||
Mar 9, 2019 | $0.99 | ||
Mar 16, 2019 | $0.99 | ||
Mar 23, 2019 | $0.99 | ||
Mar 30, 2019 | $0.99 | ||
Apr 6, 2019 | $0.99 | ||
Apr 13, 2019 | $0.99 | ||
Apr 20, 2019 | $0.99 | ||
Apr 27, 2019 | $0.99 | ||
May 4, 2019 | $0.99 | ||
May 11, 2019 | $0.99 | ||
May 18, 2019 | $0.99 | ||
May 25, 2019 | $0.99 | ||
Jun 1, 2019 | $0.99 | ||
Jun 8, 2019 | $0.99 | ||
Jun 15, 2019 | $0.99 | ||
Jun 22, 2019 | $0.99 | ||
Jun 29, 2019 | $0.99 | ||
Jul 6, 2019 | $0.99 | ||
Jul 13, 2019 | $0.99 | ||
Jul 20, 2019 | $0.99 | ||
Jul 27, 2019 | $0.99 | ||
Aug 3, 2019 | $0.27 |
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