Establishing a new clothing joint
Regina Mary
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Regina Mary
Member since
January 2015
On-time repayments
289 installments • 80%
About Me
I’m the second born in a family of eight. Since my parents didn't have enough money to pay school fees for all of us, I didn't advance much in education as I was forced by the circumstances to do odd jobs to support my younger brothers and sisters. I was employed as a tea girl in a local primary school and it’s from that job that I saved some capital that helped me start my current business of selling second hand clothes. I would want to see my children grow to become successful people who shall make a difference in other people’s lives. Besides working, I love taking a nature walk, meeting new friends and reading magazines during my free time.
My Business
My business involves selling of both new and second hand clothes for women and children. Initially I started with selling the second hand clothes only, since majority of the citizens are not able to afford new clothes but still need to look decent in their outfit. Currently, I’m also selling brand new clothes, since demand for them is slowly increasing as the purchasing power of my customers increase. It’s also an open secret that women are the highest buyers of clothes, as opposed to men. In a typical day, my incomes ranges between 20$ to 30$, and I set aside 7$ each day, to cater for my running expenses like rent for the shop, transport, lunch and several other expenses. This leaves me with between 16$ to 23$ which helps me to cater for other needs like providing food for my family, paying rent for our house, paying school fees, expanding my business and also extend a hand of help to the more needy like the kids in children homes.
Loan Proposal
Hello Lenders,
I've identified a very strategic location for opening a new, and my second clothing joint within our estate since the demand for my selection is getting higher and higher. In that new joint, the following are going to be my starting expenses:
1. Rent plus one month deposit: $200
2. Annual License from the City Council: $ 60
3. Room Partitioning: $ 50
4. Stock for the following items to start with:
-Ladies Hand bags, 20 pieces= $160
-Ladies Shoes, 40 pieces= $200
-Selection of kids outfits= $300
-Selection of Ladies dresses= $200
5. Operating capital for one month: $100
This new business will create more employment to two other needy Kenyans, who will be in a position to support their dependants as well. On top of that, i will make more income than i'm doing currently, and be able to give my family a much better decent living. With this new business, i expect my profit margin to be more than double within the next four months. Once again, than you lenders for your continued support.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,001.00
Date disbursed
Nov 5, 2017
Repayment status
On Time
Projected term
16 months
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Summary
Amount repaid
$994.72
Amount remaining
$0.00
Date repaid
Feb 27, 2019
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 12, 2017 | $11.80 | Oct 1, 2017 | $4.92 |
| Nov 11, 2017 | $6.88 | ||
| Nov 19, 2017 | $11.80 | Nov 11, 2017 | $4.92 |
| Nov 18, 2017 | $6.88 | ||
| Nov 26, 2017 | $11.80 | Nov 18, 2017 | $4.92 |
| Nov 25, 2017 | $6.88 | ||
| Dec 3, 2017 | $11.80 | Nov 25, 2017 | $4.92 |
| Dec 3, 2017 | $6.88 | ||
| Dec 10, 2017 | $11.80 | Dec 3, 2017 | $4.92 |
| Dec 10, 2017 | $6.88 | ||
| Dec 17, 2017 | $11.80 | Dec 10, 2017 | $4.92 |
| Dec 17, 2017 | $6.88 | ||
| Dec 24, 2017 | $11.80 | Dec 17, 2017 | $4.92 |
| Dec 31, 2017 | $6.88 | ||
| Dec 31, 2017 | $11.80 | Dec 31, 2017 | $4.92 |
| Jan 8, 2018 | $6.88 | ||
| Jan 7, 2018 | $11.80 | Jan 8, 2018 | $4.92 |
| Jan 14, 2018 | $6.88 | ||
| Jan 14, 2018 | $11.80 | Jan 14, 2018 | $4.92 |
| Jan 22, 2018 | $6.88 | ||
| Jan 21, 2018 | $11.80 | Jan 22, 2018 | $11.80 |
| Jan 28, 2018 | $11.80 | Jan 29, 2018 | $11.80 |
| Feb 4, 2018 | $11.80 | Feb 6, 2018 | $11.80 |
| Feb 11, 2018 | $11.80 | Feb 12, 2018 | $11.80 |
| Feb 18, 2018 | $11.80 | Feb 20, 2018 | $11.80 |
| Feb 25, 2018 | $11.80 | Feb 28, 2018 | $11.80 |
| Mar 4, 2018 | $11.80 | Mar 5, 2018 | $11.80 |
| Mar 11, 2018 | $11.80 | Mar 13, 2018 | $11.80 |
| Mar 18, 2018 | $11.80 | Mar 22, 2018 | $11.80 |
| Mar 25, 2018 | $11.80 | Mar 28, 2018 | $11.80 |
| Apr 1, 2018 | $11.80 | Apr 5, 2018 | $11.80 |
| Apr 8, 2018 | $11.80 | Apr 12, 2018 | $11.80 |
| Apr 15, 2018 | $11.80 | Apr 17, 2018 | $11.80 |
| Apr 22, 2018 | $11.80 | Apr 23, 2018 | $11.80 |
| Apr 29, 2018 | $11.80 | May 2, 2018 | $11.80 |
| May 6, 2018 | $11.80 | May 11, 2018 | $11.80 |
| May 13, 2018 | $11.80 | May 22, 2018 | $11.80 |
| May 20, 2018 | $11.80 | Jun 1, 2018 | $11.80 |
| May 27, 2018 | $11.80 | Jun 1, 2018 | $11.80 |
| Jun 3, 2018 | $11.80 | Jun 10, 2018 | $11.80 |
| Jun 10, 2018 | $11.80 | Jun 21, 2018 | $11.80 |
| Jun 17, 2018 | $11.80 | Jun 29, 2018 | $11.80 |
| Jun 24, 2018 | $11.80 | Jul 6, 2018 | $11.80 |
| Jul 1, 2018 | $11.80 | Jul 16, 2018 | $11.80 |
| Jul 8, 2018 | $11.80 | Jul 25, 2018 | $11.80 |
| Jul 15, 2018 | $0.00 | ||
| Jul 22, 2018 | $0.00 | ||
| Jul 29, 2018 | $4.93 | Jul 29, 2018 | $4.93 |
| Aug 5, 2018 | $4.93 | Aug 5, 2018 | $4.93 |
| Aug 12, 2018 | $4.93 | Aug 12, 2018 | $4.93 |
| Aug 19, 2018 | $4.93 | Aug 18, 2018 | $4.93 |
| Aug 26, 2018 | $4.93 | Aug 26, 2018 | $4.93 |
| Sep 2, 2018 | $4.92 | Sep 4, 2018 | $4.92 |
| Sep 9, 2018 | $4.92 | Sep 13, 2018 | $4.92 |
| Sep 16, 2018 | $4.92 | Sep 27, 2018 | $4.92 |
| Sep 23, 2018 | $4.92 | Sep 27, 2018 | $4.92 |
| Sep 30, 2018 | $4.92 | Sep 30, 2018 | $4.92 |
| Oct 7, 2018 | $4.92 | Oct 7, 2018 | $4.92 |
| Oct 14, 2018 | $4.92 | Oct 23, 2018 | $4.92 |
| Oct 21, 2018 | $4.92 | Oct 23, 2018 | $4.92 |
| Oct 28, 2018 | $4.92 | Nov 5, 2018 | $4.92 |
| Nov 4, 2018 | $4.92 | Nov 5, 2018 | $4.92 |
| Nov 11, 2018 | $4.92 | Nov 11, 2018 | $4.92 |
| Nov 18, 2018 | $4.92 | Nov 25, 2018 | $4.92 |
| Nov 25, 2018 | $4.92 | Nov 25, 2018 | $4.92 |
| Dec 2, 2018 | $4.92 | Dec 10, 2018 | $4.92 |
| Dec 9, 2018 | $4.92 | Dec 27, 2018 | $1.97 |
| Dec 27, 2018 | $2.95 | ||
| Dec 16, 2018 | $4.92 | Dec 27, 2018 | $4.92 |
| Dec 23, 2018 | $11.80 | Dec 27, 2018 | $11.80 |
| Dec 30, 2018 | $4.92 | Jan 6, 2019 | $4.92 |
| Jan 6, 2019 | $4.92 | Jan 19, 2019 | $4.92 |
| Jan 13, 2019 | $4.92 | Jan 19, 2019 | $4.92 |
| Jan 20, 2019 | $4.92 | Feb 6, 2019 | $4.92 |
| Jan 27, 2019 | $4.92 | Feb 16, 2019 | $4.92 |
| Feb 3, 2019 | $9.84 | Feb 16, 2019 | $4.92 |
| Feb 18, 2019 | $4.92 | ||
| Feb 10, 2019 | $0.00 | ||
| Feb 17, 2019 | $0.00 | ||
| Feb 24, 2019 | $0.00 | ||
| Mar 3, 2019 | $432.09 | Feb 27, 2019 | $432.09 |
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