Increase inventory of second hand clothes in bulk
Pauline
Kisumu, Kenya
85% repaid
Entrepreneur
Name
Pauline
Member since
March 2014
On-time repayments
202 installments • 52%
About Me
This business was inspired after the birth of my nephew, when I went to shop for his baby shower and realized retail items were sold at exorbitant prices compared to the gently used items. Most new parents in my social circle had also expressed how they wanted the best clothes for their children, but unfortunately, financial budgets couldn't always allow for the purchase of children's designer clothing. Not to mention the fact that kids grow out of their clothes as quick as you buy them. Hence Mum and Toto was the solution to these problems which deals with secondhand clothing for children from birth to five years.
With the steady growth, I now want to increase the inventory by stocking a variety of clothing for all seasons as well toys and books and also cater to a wider age bracket. In the next 12 months I hope to grow the monthly revenue by 40% as well as have a physical boutique in order to take advantage of walk-in traffic.
My Business
The business is called Mum and Toto, (fondly named after my late mother and sister, Toto). This is a children resale store specializing in gently used brand name items at a fraction of the original retail price. We are currently operating online-this way we keep operating costs minimal.Mum and Toto provides a place to buy stylish, yet inexpensive baby items without having to spend a lot of money on items that will only be worn for so short a time, thus making it a popular choice for most parents.
In the last few years buying gently used baby apparel has taken off and many cost conscious parents are realizing they don't have to pay retail prices when they can get brand name or designer clothing for 50% and sometimes as much as 80% off.
Keeping the online store stocked week on week with variety and new re-sell items is a constant challenge due to limited financial resources as we cannot purchase in bulk. Our typical monthly costs on average are Kes 16,000 (USD 182) while sale revenues are Kes 28,000 (USD 319) hence able to realize a profit of about Kes 12,000 (USD137)
I am looking forward to not only getting funding but building lasting friendships with Zidisha community.
Loan Proposal
The resell business has been rewarding since inception, no matter what the shape of the economy is, people still have the need to buy clothing, especially for kids. Currently there's limited stock in the online store due to limited financial resources yet there are lots of orders to fill necessitating the need to purchase items in bulk, hence my loan application. I intend to fiercely grow the business by focusing more effort in merchandising to leverage on the customers who represent the market segment of the business. With the loan I will be able to not only buy in bulk but also have a wide variety for customer selection. Wholesale bulk lots are deeply discounted for resellers and this translates into amazing savings for me, enabling me to increase your own profit potential and in turn improving my quality of life.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$443.00
Date disbursed
Jun 13, 2014
Repayment status
Late
Projected term
45 months
Other loans
Lenders
Odense, Denmark
Hilltop, United States
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Summary
Amount repaid
$550.98
Amount remaining
$99.51
Expected completion
Mar 3, 2018
Status
Repaying late
Installment amount
$2.33
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 21, 2014 | $32.80 | Jun 21, 2014 | $32.80 |
| Jun 28, 2014 | $32.80 | Jun 28, 2014 | $32.80 |
| Jul 5, 2014 | $32.80 | Jul 5, 2014 | $32.80 |
| Jul 12, 2014 | $32.80 | Jul 12, 2014 | $9.30 |
| Jul 13, 2014 | $23.50 | ||
| Jul 19, 2014 | $0.00 | ||
| Jul 26, 2014 | $5.81 | Jul 26, 2014 | $5.81 |
| Aug 2, 2014 | $5.81 | Aug 2, 2014 | $5.81 |
| Aug 9, 2014 | $5.81 | Aug 9, 2014 | $5.81 |
| Aug 16, 2014 | $5.81 | Aug 24, 2014 | $5.81 |
| Aug 23, 2014 | $5.81 | Aug 31, 2014 | $5.81 |
| Aug 30, 2014 | $5.81 | Aug 31, 2014 | $5.81 |
| Sep 6, 2014 | $5.81 | Sep 6, 2014 | $5.81 |
| Sep 13, 2014 | $5.81 | Sep 13, 2014 | $5.81 |
| Sep 20, 2014 | $5.81 | Sep 25, 2014 | $5.81 |
| Sep 27, 2014 | $5.81 | Oct 6, 2014 | $5.81 |
| Oct 4, 2014 | $5.81 | Oct 6, 2014 | $5.81 |
| Oct 11, 2014 | $5.81 | Nov 5, 2014 | $5.81 |
| Oct 18, 2014 | $5.81 | Nov 5, 2014 | $5.81 |
| Oct 25, 2014 | $5.81 | Nov 5, 2014 | $5.81 |
| Nov 1, 2014 | $5.81 | Nov 5, 2014 | $5.81 |
| Nov 8, 2014 | $5.81 | Nov 30, 2014 | $5.81 |
| Nov 15, 2014 | $5.81 | Nov 30, 2014 | $5.81 |
| Nov 22, 2014 | $5.81 | Nov 30, 2014 | $5.81 |
| Nov 29, 2014 | $5.81 | Nov 30, 2014 | $5.81 |
| Dec 6, 2014 | $5.81 | Jan 4, 2015 | $5.81 |
| Dec 13, 2014 | $5.81 | Jan 4, 2015 | $5.81 |
| Dec 20, 2014 | $5.81 | Jan 10, 2015 | $5.81 |
| Dec 27, 2014 | $5.81 | Jan 10, 2015 | $5.81 |
| Jan 3, 2015 | $5.81 | Feb 3, 2015 | $5.81 |
| Jan 10, 2015 | $5.81 | Feb 3, 2015 | $5.81 |
| Jan 17, 2015 | $5.81 | Feb 8, 2015 | $5.81 |
| Jan 24, 2015 | $0.00 | ||
| Jan 31, 2015 | $0.00 | ||
| Feb 7, 2015 | $0.00 | ||
| Feb 14, 2015 | $0.00 | ||
| Feb 21, 2015 | $0.00 | ||
| Feb 28, 2015 | $2.33 | Mar 8, 2015 | $2.33 |
| Mar 7, 2015 | $2.33 | Mar 8, 2015 | $2.33 |
| Mar 14, 2015 | $2.33 | Mar 8, 2015 | $2.33 |
| Mar 21, 2015 | $2.33 | Apr 6, 2015 | $2.33 |
| Mar 28, 2015 | $2.33 | Apr 6, 2015 | $2.33 |
| Apr 4, 2015 | $2.33 | Apr 6, 2015 | $2.33 |
| Apr 11, 2015 | $2.33 | May 5, 2015 | $2.33 |
| Apr 18, 2015 | $2.33 | May 5, 2015 | $2.33 |
| Apr 25, 2015 | $2.33 | May 5, 2015 | $2.33 |
| May 2, 2015 | $2.33 | Jun 1, 2015 | $2.33 |
| May 9, 2015 | $2.33 | Jun 1, 2015 | $2.33 |
| May 16, 2015 | $2.33 | Jun 16, 2015 | $2.33 |
| May 23, 2015 | $2.33 | Jun 16, 2015 | $1.16 |
| Jun 20, 2015 | $1.16 | ||
| May 30, 2015 | $2.33 | Jun 20, 2015 | $1.16 |
| Jun 29, 2015 | $1.16 | ||
| Jun 6, 2015 | $2.33 | Jun 29, 2015 | $1.16 |
| Jul 8, 2015 | $1.16 | ||
| Jun 13, 2015 | $2.33 | Jul 8, 2015 | $2.33 |
| Jun 20, 2015 | $2.33 | Jul 8, 2015 | $1.16 |
| Jul 9, 2015 | $1.16 | ||
| Jun 27, 2015 | $2.33 | Jul 9, 2015 | $2.33 |
| Jul 4, 2015 | $2.33 | Jul 9, 2015 | $2.33 |
| Jul 11, 2015 | $2.33 | Jul 9, 2015 | $1.16 |
| Jul 19, 2015 | $1.16 | ||
| Jul 18, 2015 | $2.33 | Jul 19, 2015 | $2.33 |
| Jul 25, 2015 | $2.33 | Jul 19, 2015 | $2.33 |
| Aug 1, 2015 | $2.33 | Jul 19, 2015 | $1.16 |
| Aug 1, 2015 | $1.16 | ||
| Aug 8, 2015 | $2.33 | Aug 8, 2015 | $2.33 |
| Aug 15, 2015 | $2.33 | Aug 15, 2015 | $2.33 |
| Aug 22, 2015 | $2.33 | Aug 22, 2015 | $2.33 |
| Aug 29, 2015 | $2.33 | Aug 29, 2015 | $2.33 |
| Sep 5, 2015 | $2.33 | Sep 12, 2015 | $2.33 |
| Sep 12, 2015 | $2.33 | Sep 12, 2015 | $2.33 |
| Sep 19, 2015 | $2.33 | Sep 22, 2015 | $2.33 |
| Sep 26, 2015 | $2.33 | Sep 27, 2015 | $2.33 |
| Oct 3, 2015 | $2.33 | Oct 7, 2015 | $2.33 |
| Oct 10, 2015 | $2.33 | Oct 25, 2015 | $2.33 |
| Oct 17, 2015 | $2.33 | Oct 25, 2015 | $2.33 |
| Oct 24, 2015 | $2.33 | Oct 25, 2015 | $2.33 |
| Oct 31, 2015 | $2.33 | Nov 8, 2015 | $2.33 |
| Nov 7, 2015 | $2.33 | Nov 17, 2015 | $2.33 |
| Nov 14, 2015 | $2.33 | Nov 24, 2015 | $2.33 |
| Nov 21, 2015 | $2.33 | Dec 6, 2015 | $2.33 |
| Nov 28, 2015 | $2.33 | Dec 13, 2015 | $2.33 |
| Dec 5, 2015 | $2.33 | Dec 13, 2015 | $2.33 |
| Dec 12, 2015 | $2.33 | Dec 20, 2015 | $2.33 |
| Dec 19, 2015 | $2.33 | Dec 20, 2015 | $2.33 |
| Dec 26, 2015 | $2.33 | Dec 28, 2015 | $2.33 |
| Jan 2, 2016 | $2.33 | Jan 3, 2016 | $2.33 |
| Jan 9, 2016 | $2.33 | Jan 11, 2016 | $2.33 |
| Jan 16, 2016 | $2.33 | Jan 18, 2016 | $2.33 |
| Jan 23, 2016 | $2.33 | Jan 23, 2016 | $2.33 |
| Jan 30, 2016 | $2.33 | Feb 4, 2016 | $2.33 |
| Feb 6, 2016 | $2.33 | Feb 13, 2016 | $2.33 |
| Feb 13, 2016 | $2.33 | Feb 13, 2016 | $2.33 |
| Feb 20, 2016 | $2.33 | Feb 25, 2016 | $2.33 |
| Feb 27, 2016 | $2.33 | Mar 3, 2016 | $2.33 |
| Mar 5, 2016 | $2.33 | Mar 10, 2016 | $2.33 |
| Mar 12, 2016 | $2.33 | Mar 14, 2016 | $2.33 |
| Mar 19, 2016 | $2.33 | Apr 3, 2016 | $2.33 |
| Mar 26, 2016 | $2.33 | Apr 3, 2016 | $2.33 |
| Apr 2, 2016 | $2.33 | Apr 3, 2016 | $2.33 |
| Apr 9, 2016 | $2.33 | Apr 13, 2016 | $2.33 |
| Apr 16, 2016 | $2.33 | Apr 27, 2016 | $2.33 |
| Apr 23, 2016 | $2.33 | Apr 27, 2016 | $2.33 |
| Apr 30, 2016 | $2.33 | May 16, 2016 | $2.33 |
| May 7, 2016 | $2.33 | May 16, 2016 | $2.33 |
| May 14, 2016 | $2.33 | May 22, 2016 | $2.33 |
| May 21, 2016 | $2.33 | May 22, 2016 | $2.33 |
| May 28, 2016 | $2.33 | Jun 8, 2016 | $1.16 |
| Jun 16, 2016 | $1.16 | ||
| Jun 4, 2016 | $2.33 | Jun 22, 2016 | $0.93 |
| Jun 30, 2016 | $1.40 | ||
| Jun 11, 2016 | $2.33 | Jun 30, 2016 | $2.33 |
| Jun 18, 2016 | $2.33 | Jun 30, 2016 | $2.33 |
| Jun 25, 2016 | $2.33 | Jun 30, 2016 | $2.33 |
| Jul 2, 2016 | $2.33 | Jul 15, 2016 | $2.33 |
| Jul 9, 2016 | $2.33 | Jul 15, 2016 | $2.33 |
| Jul 16, 2016 | $2.33 | Jul 18, 2016 | $2.33 |
| Jul 23, 2016 | $2.33 | Jul 18, 2016 | $2.33 |
| Jul 30, 2016 | $2.33 | Aug 3, 2016 | $2.33 |
| Aug 6, 2016 | $2.33 | Aug 20, 2016 | $2.33 |
| Aug 13, 2016 | $2.33 | Aug 20, 2016 | $2.33 |
| Aug 20, 2016 | $2.33 | Aug 20, 2016 | $2.33 |
| Aug 27, 2016 | $2.33 | Sep 7, 2016 | $2.33 |
| Sep 3, 2016 | $2.33 | Sep 7, 2016 | $2.33 |
| Sep 10, 2016 | $2.33 | Sep 14, 2016 | $2.33 |
| Sep 17, 2016 | $2.33 | Oct 1, 2016 | $2.33 |
| Sep 24, 2016 | $2.33 | Oct 1, 2016 | $2.33 |
| Oct 1, 2016 | $2.33 | Oct 11, 2016 | $2.33 |
| Oct 8, 2016 | $2.33 | Oct 11, 2016 | $1.16 |
| Oct 20, 2016 | $1.16 | ||
| Oct 15, 2016 | $2.33 | Oct 20, 2016 | $2.33 |
| Oct 22, 2016 | $2.33 | Oct 25, 2016 | $2.33 |
| Oct 29, 2016 | $2.33 | Nov 16, 2016 | $2.33 |
| Nov 5, 2016 | $2.33 | Nov 16, 2016 | $1.16 |
| Nov 29, 2016 | $1.16 | ||
| Nov 12, 2016 | $2.33 | Nov 29, 2016 | $2.33 |
| Nov 19, 2016 | $2.33 | Dec 4, 2016 | $2.33 |
| Nov 26, 2016 | $2.33 | Dec 10, 2016 | $2.33 |
| Dec 3, 2016 | $2.33 | Dec 10, 2016 | $2.33 |
| Dec 10, 2016 | $2.33 | Dec 25, 2016 | $2.33 |
| Dec 17, 2016 | $2.33 | Dec 25, 2016 | $2.33 |
| Dec 24, 2016 | $2.33 | Dec 25, 2016 | $2.33 |
| Dec 31, 2016 | $2.33 | Jan 11, 2017 | $2.33 |
| Jan 7, 2017 | $2.33 | Jan 11, 2017 | $2.33 |
| Jan 14, 2017 | $2.33 | Feb 2, 2017 | $2.33 |
| Jan 21, 2017 | $2.33 | Feb 2, 2017 | $1.16 |
| Feb 10, 2017 | $1.16 | ||
| Jan 28, 2017 | $2.33 | Feb 10, 2017 | $1.16 |
| Feb 13, 2017 | $1.16 | ||
| Feb 4, 2017 | $2.33 | Feb 13, 2017 | $2.33 |
| Feb 11, 2017 | $2.33 | Feb 15, 2017 | $1.74 |
| Feb 20, 2017 | $0.58 | ||
| Feb 18, 2017 | $2.33 | Feb 20, 2017 | $2.33 |
| Feb 25, 2017 | $2.33 | Mar 28, 2017 | $2.33 |
| Mar 4, 2017 | $2.33 | Mar 28, 2017 | $2.33 |
| Mar 11, 2017 | $2.33 | Mar 28, 2017 | $1.16 |
| Apr 11, 2017 | $1.16 | ||
| Mar 18, 2017 | $2.33 | Apr 11, 2017 | $2.33 |
| Mar 25, 2017 | $2.33 | Apr 11, 2017 | $2.33 |
| Apr 1, 2017 | $2.33 | Apr 15, 2017 | $2.33 |
| Apr 8, 2017 | $2.33 | Apr 15, 2017 | $2.33 |
| Apr 15, 2017 | $2.33 | Apr 15, 2017 | $1.16 |
| May 6, 2017 | $1.16 | ||
| Apr 22, 2017 | $2.33 | May 6, 2017 | $2.33 |
| Apr 29, 2017 | $2.33 | May 6, 2017 | $1.16 |
| Jun 6, 2017 | $1.16 | ||
| May 6, 2017 | $2.33 | Jun 6, 2017 | $2.33 |
| May 13, 2017 | $2.33 | Jun 6, 2017 | $1.16 |
| May 20, 2017 | $2.33 | ||
| May 27, 2017 | $2.33 | ||
| Jun 3, 2017 | $2.33 | ||
| Jun 10, 2017 | $2.33 | ||
| Jun 17, 2017 | $2.33 | ||
| Jun 24, 2017 | $2.33 | ||
| Jul 1, 2017 | $2.33 | ||
| Jul 8, 2017 | $2.33 | ||
| Jul 15, 2017 | $2.33 | ||
| Jul 22, 2017 | $2.33 | ||
| Jul 29, 2017 | $2.33 | ||
| Aug 5, 2017 | $2.33 | ||
| Aug 12, 2017 | $2.33 | ||
| Aug 19, 2017 | $2.33 | ||
| Aug 26, 2017 | $2.33 | ||
| Sep 2, 2017 | $2.33 | ||
| Sep 9, 2017 | $2.33 | ||
| Sep 16, 2017 | $2.33 | ||
| Sep 23, 2017 | $2.33 | ||
| Sep 30, 2017 | $2.33 | ||
| Oct 7, 2017 | $2.33 | ||
| Oct 14, 2017 | $2.33 | ||
| Oct 21, 2017 | $2.33 | ||
| Oct 28, 2017 | $2.33 | ||
| Nov 4, 2017 | $2.33 | ||
| Nov 11, 2017 | $2.33 | ||
| Nov 18, 2017 | $2.33 | ||
| Nov 25, 2017 | $2.33 | ||
| Dec 2, 2017 | $2.33 | ||
| Dec 9, 2017 | $2.33 | ||
| Dec 16, 2017 | $2.33 | ||
| Dec 23, 2017 | $2.33 | ||
| Dec 30, 2017 | $2.33 | ||
| Jan 6, 2018 | $2.33 | ||
| Jan 13, 2018 | $2.33 | ||
| Jan 20, 2018 | $2.33 | ||
| Jan 27, 2018 | $2.33 | ||
| Feb 3, 2018 | $2.33 | ||
| Feb 10, 2018 | $2.33 | ||
| Feb 17, 2018 | $2.33 | ||
| Feb 24, 2018 | $2.33 | ||
| Mar 3, 2018 | $3.00 | ||
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