Kipkoech
Embakasi, Kenya
100% repaid
Name
Kipkoech
Member since
May 2014
On-time repayments
164 installments • 52%
My name is Muttai Kipkoech and I live in Embakasi, Nairobi. My hometown is Eldoret, Kenya. I am married with two children. My career course is Tours and Travel Management. I also have a passion for foreign languages and can speak French. Currently, I am the Managing Director of The Big Five Adventure Safaris. I worked as a Tour Consultant at a tour company in Nairobi for a year before I decided to start my own tour company. I have always believed that I could do much more self-employed rather than employed. This way I hope to eventually help others through employment opportunities! Someone once said; ‘You will never be rich working for someone else!’ Thus the reason I quit my job to start my own company and do business.
I am venturing into the business of clothing. My business, Tracque Suits, will specialize in men's fashion, particularly slim-fit suits. I have done a market research in my home-town Eldoret and realized that a few clothing shops specialize in men's slim-fit suits which are now fashionable and in demand as they are the preferred official dressing during functions like weddings. I therefore see a business opportunity in selling men's slim-fit suits and accessories since I will buy them at a wholesale price in Nairobi and sell them at retail price in Eldoret at a profit. The initial costs are the starting capital to buy the stock and pay rent. I intend to use the profits to reinvest and grow my clothing business.
First of all, I would like to pass my sincere gratitude to the lenders who funded my first loan. The loan greatly helped me supplement my initial capital for my business. I used my $50 first loan to add to my initial capital for my hotel reservation business. I managed to repay my first loan in full on time.
The business is now doing well and we are receiving more clients. However, since it is a new business, it is very important that we let ourselves and our services known to potential clients. I am therefore planning to do a lot of marketing for my business. I intend to use my second loan to design and print a business logo, brochures and business cards. Since marketing is a very essential aspect of any business, we hope to reach a larger number of clients through this marketing strategy.
I am therefore appealing for your support in funding my $139 second loan. With this loan, I intend to invest it in marketing the business as follows; $30 for designing the logo, the brochures and the business cards, $109 for printing the brochures, business cards and online internet marketing. I believe that no dream is too big, and no step is too small. I therefore believe that with your help, I will grow my business gradually. Thank you!
Positive
4
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$139.00
Date disbursed
Jul 2, 2014
Repayment status
On Time
Projected term
4 months
Other loans
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Amount repaid
$144.13
Amount remaining
$0.00
Date repaid
Oct 22, 2014
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Jul 12, 2014 | $20.16 | Jul 12, 2014 | $20.16 |
Jul 19, 2014 | $20.16 | Jul 19, 2014 | $20.16 |
Jul 26, 2014 | $0.02 | Jul 19, 2014 | $0.02 |
Aug 2, 2014 | $11.63 | Aug 11, 2014 | $11.63 |
Aug 9, 2014 | $11.63 | Aug 11, 2014 | $11.63 |
Aug 16, 2014 | $5.81 | Aug 25, 2014 | $5.81 |
Aug 23, 2014 | $5.81 | Aug 25, 2014 | $5.81 |
Aug 30, 2014 | $5.81 | Aug 25, 2014 | $5.81 |
Sep 6, 2014 | $5.81 | Aug 25, 2014 | $5.81 |
Sep 13, 2014 | $5.81 | Aug 25, 2014 | $5.81 |
Sep 20, 2014 | $5.81 | Oct 1, 2014 | $5.81 |
Sep 27, 2014 | $5.81 | Oct 21, 2014 | $5.81 |
Oct 4, 2014 | $5.81 | Oct 21, 2014 | $5.81 |
Oct 11, 2014 | $5.81 | Oct 21, 2014 | $5.81 |
Oct 18, 2014 | $5.81 | Oct 21, 2014 | $5.81 |
Oct 25, 2014 | $5.81 | Oct 21, 2014 | $5.81 |
Nov 1, 2014 | $5.81 | Oct 21, 2014 | $5.81 |
Nov 8, 2014 | $5.81 | Oct 22, 2014 | $4.94 |
Oct 22, 2014 | $0.87 | ||
Nov 15, 2014 | $4.94 | Oct 22, 2014 | $4.94 |
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