Introducing new items like shoes and ladies accesories

Mercy

Kitengela, Kenya

13% repaid

Entrepreneur

Name

Mercy

Member since

January 2018

On-time repayments

48 installments  •  58%

About Me

As you know my business has been canvas bags and the last loan was to finance bag orders that I had, unfortunately, I had some emergency and diverted the funds. On the positive side the orders were not cancelled hence I will still supply the orders.

My Business

I have been only doing the bags business however most customers have mad enquiries for other ladies products like shoes, clothes, jewellery and other accessories. This has come from repeat customers I have decided to add these items to my business since my clients are asking for them and will increase my customer base. If I get funded ill build this business to be a one-stop shop from bags clothes jewellery and shoes for the ladies. Most of my clients are located outside the Capital hence they like the fact they don't have to travel to get the goods the can get them by ordering onlice and I send them as a parcel. To be able to make a profit I have to buy items at a certain minimum quantity from wholesalers and importers to be able to be accorded the wholesale price.

Loan Proposal

I plan to purchase shoes and jewelery to add to my bag business. I will get the shoes at the price of 280 and resell them at 500. also the jewelery at 30- 100 and resell at 50 and 200 repectively.
I intend to get casual shoes the rubbers and some official shoes that go for 1200 in wholesale to sell at 1600. I'll get 20 pairs for a start at 24000 and jewelery worth 5000. The balance Ill add my bags inventory.

Feedback

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None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$379.00

Date disbursed

May 15, 2019

Repayment status

Late

Projected term

6 months

Lenders

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$49.27

Amount remaining

$330.52

Expected completion

Dec 4, 2019

Status

Repaying late

Installment amount

$31.65

Repayment History

Expected Payments Actual Payments
May 22, 2019 $2.96 May 22, 2019 $1.97
May 22, 2019 $0.99
May 29, 2019 $2.96 May 29, 2019 $2.96
Jun 5, 2019 $2.96 May 29, 2019 $2.96
Jun 12, 2019 $2.96 Jun 12, 2019 $2.96
Jun 19, 2019 $2.96 Jun 21, 2019 $2.96
Jun 26, 2019 $2.96 Jun 21, 2019 $0.99
Jun 26, 2019 $1.97
Jul 3, 2019 $17.74 Jul 5, 2019 $17.74
Jul 10, 2019 $3.45 Jul 19, 2019 $3.45
Jul 17, 2019 $3.45 Jul 19, 2019 $0.49
Aug 7, 2019 $2.96
Jul 24, 2019 $0.00
Jul 31, 2019 $0.00
Aug 7, 2019 $0.00
Aug 14, 2019 $0.00
Aug 21, 2019 $0.99 Nov 16, 2019 $0.99
Aug 28, 2019 $0.99 Nov 28, 2019 $0.99
Sep 4, 2019 $0.99 Nov 28, 2019 $0.99
Sep 11, 2019 $0.99 Dec 20, 2019 $0.99
Sep 18, 2019 $0.99 Dec 20, 2019 $0.99
Sep 25, 2019 $31.65 May 28, 2020 $1.97
Oct 2, 2019 $31.65
Oct 9, 2019 $31.65
Oct 16, 2019 $31.65
Oct 23, 2019 $31.65
Oct 30, 2019 $31.65
Nov 6, 2019 $31.65
Nov 13, 2019 $31.65
Nov 20, 2019 $31.65
Nov 27, 2019 $31.65
Dec 4, 2019 $15.97

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