Entrepreneur
Name
Millicent
Member since
March 2014
On-time repayments
256 installments • 90%
About Me
I am a kenyan young woman and i went to school upto form four from there i have done jobs with contracts that do not last for more than three months at a time with the wages from these i have set up a clothes business. Occassinally i deal in cerals business as well and this is so bacause i mostly buy this produce from Bunyala which is located within Busia county this reduces transport cost thereby maximizing my profit.A loan of $850 would go a long way to boost my businessess if it can be approved.When need be i turn to friends and family for soft loans i cant go to the banks as there rates are too much for me.
My Business
I mostly deal with ready made clothes which i buy from Uganda as Busia is located at the border of kenya and Uganda, and occasionally i deal in used clothes as well at times i find my stock wanting and that is what i intend to do with the loan money that is to stock my business.my occasinal business in cereals(rice) from Bunyala can only be conducted when the prices are favourably as my economies of scale is low such loans would enable me increase the economies of scale and the combined proceeds of this two businesses will enable me to pay the loan comfortably i currently need about $850.
Loan Proposal
Being engaged in clothes business that i mostly get in orders around the festive season i have received orders that currently amount to Kes 52,000 and given my current credit limit i intend to utilize the given amount if granted to complete on this order and with the expected ruturns i will be able to repay the loan comfortably.Thank you.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$288.00
Date disbursed
Dec 10, 2014
Repayment status
On Time
Projected term
5 months
Lenders
United States
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Summary
Amount repaid
$306.69
Amount remaining
$0.00
Date repaid
May 16, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 21, 2014 | $10.73 | Dec 22, 2014 | $10.73 |
| Dec 28, 2014 | $10.73 | Dec 27, 2014 | $10.73 |
| Jan 4, 2015 | $10.73 | Jan 3, 2015 | $10.73 |
| Jan 11, 2015 | $10.73 | Jan 13, 2015 | $10.73 |
| Jan 18, 2015 | $10.73 | Jan 17, 2015 | $10.73 |
| Jan 25, 2015 | $10.73 | Jan 27, 2015 | $10.73 |
| Feb 1, 2015 | $10.73 | Feb 2, 2015 | $10.73 |
| Feb 8, 2015 | $10.73 | Feb 10, 2015 | $10.73 |
| Feb 15, 2015 | $10.73 | Feb 15, 2015 | $10.73 |
| Feb 22, 2015 | $10.73 | Feb 22, 2015 | $10.73 |
| Mar 1, 2015 | $10.73 | Mar 1, 2015 | $10.73 |
| Mar 8, 2015 | $6.12 | Mar 1, 2015 | $6.12 |
| Mar 15, 2015 | $16.85 | Mar 9, 2015 | $16.85 |
| Mar 22, 2015 | $16.85 | Mar 16, 2015 | $16.85 |
| Mar 29, 2015 | $16.85 | Mar 23, 2015 | $16.85 |
| Apr 5, 2015 | $16.85 | Mar 30, 2015 | $16.85 |
| Apr 12, 2015 | $16.85 | Apr 5, 2015 | $16.85 |
| Apr 19, 2015 | $16.85 | Apr 14, 2015 | $16.85 |
| Apr 26, 2015 | $16.85 | Apr 24, 2015 | $16.85 |
| May 3, 2015 | $16.85 | May 3, 2015 | $16.85 |
| May 10, 2015 | $16.85 | May 7, 2015 | $16.85 |
| May 17, 2015 | $30.84 | May 12, 2015 | $16.85 |
| May 16, 2015 | $13.99 | ||
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