Entrepreneur
Name
Margaret
Member since
July 2014
On-time repayments
198 installments • 79%
About Me
My name is Margaret Wanja. Born in Meru County around Mt. Kenya. I went to primary and later secondary school for my education. I later joined a training college where I enrolled for a certificate course in computer applications. I later relocated to Mombasa where I got a job in a photoshop where I was employed as a computer operator. I worked there for about 2 years and later decided to start my own business.
I am a single mother of one daughter aged 1 year. I am a hardworking person who is always trying to improve the quality of my life by expanding my business and also seeking more knowledge through training. I am currently doing a short course in video editing.
My Business
I deal with selling of mobile phones accessories, eyeglasses, watches and other trinkets. I have been in this business for two years. I have gained valuable experience during this period and I feel confident that I have found my right type of business. However, I do face a number of challenges key among them lack of adequate capital to stock my store.
I normally buy my stock from Nairobi and if given credit by Zidisha I hope to buy more stock with the money. My shop is normally frequented by young people and most of them can afford the stuff I sell since they are mostly low-end type. I get a good number of clients per day since the shop is located at a very busy area in town.
Loan Proposal
I sell watches and ornament and my clientele comprises of young people. It is this age group that buys mobile phones every now and then. I want to build on the success of my business and introduce sale of mobile phones. To do this I have planned to start with low cost phones due to budgetary constraints and I also want to approach the new venture cautiously.
This loan together with my savings of about $180 will enable me to buy an assortment of 20 low cost phones which will be a good number to start me off. I am hoping to make a profit of about 20% from the sales. I will put the profit back to the business for rapid expansion. I am quite sure that this will be a success since I have a ready market in my existing customers.
Feedback
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$319.00
Date disbursed
Feb 28, 2015
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
New York, United States
Summary
Amount repaid
$329.58
Amount remaining
$0.00
Date repaid
Sep 30, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 8, 2015 | $10.98 | Mar 9, 2015 | $10.98 |
| Mar 15, 2015 | $10.98 | Mar 9, 2015 | $0.13 |
| Mar 15, 2015 | $10.84 | ||
| Mar 22, 2015 | $10.98 | Mar 15, 2015 | $0.27 |
| Mar 29, 2015 | $10.71 | ||
| Mar 29, 2015 | $10.98 | Mar 29, 2015 | $10.98 |
| Apr 5, 2015 | $10.98 | Mar 29, 2015 | $0.53 |
| Apr 10, 2015 | $10.44 | ||
| Apr 12, 2015 | $10.98 | Apr 10, 2015 | $0.67 |
| Apr 20, 2015 | $10.31 | ||
| Apr 19, 2015 | $10.98 | Apr 20, 2015 | $5.24 |
| Apr 28, 2015 | $5.73 | ||
| Apr 26, 2015 | $10.98 | Apr 28, 2015 | $5.38 |
| Apr 29, 2015 | $5.56 | ||
| May 18, 2015 | $0.04 | ||
| May 3, 2015 | $10.98 | May 18, 2015 | $10.98 |
| May 10, 2015 | $10.98 | May 18, 2015 | $10.98 |
| May 17, 2015 | $10.98 | May 18, 2015 | $0.22 |
| May 25, 2015 | $10.76 | ||
| May 24, 2015 | $10.98 | May 25, 2015 | $0.36 |
| May 28, 2015 | $10.62 | ||
| May 31, 2015 | $10.98 | May 28, 2015 | $0.49 |
| Jun 2, 2015 | $10.49 | ||
| Jun 7, 2015 | $10.98 | Jun 2, 2015 | $6.18 |
| Jun 16, 2015 | $4.80 | ||
| Jun 14, 2015 | $10.98 | Jun 16, 2015 | $6.31 |
| Jun 25, 2015 | $4.67 | ||
| Jun 21, 2015 | $10.98 | Jun 25, 2015 | $10.89 |
| Jul 4, 2015 | $0.09 | ||
| Jun 28, 2015 | $10.98 | Jul 4, 2015 | $8.80 |
| Jul 14, 2015 | $2.18 | ||
| Jul 5, 2015 | $10.98 | Jul 14, 2015 | $8.93 |
| Jul 27, 2015 | $2.04 | ||
| Jul 12, 2015 | $10.98 | Jul 27, 2015 | $10.98 |
| Jul 19, 2015 | $10.98 | Jul 27, 2015 | $3.64 |
| Jul 27, 2015 | $7.33 | ||
| Jul 26, 2015 | $10.98 | Jul 27, 2015 | $10.98 |
| Aug 2, 2015 | $10.98 | Jul 27, 2015 | $3.91 |
| Aug 15, 2015 | $7.07 | ||
| Aug 9, 2015 | $10.98 | Aug 15, 2015 | $4.04 |
| Aug 19, 2015 | $6.93 | ||
| Aug 16, 2015 | $10.98 | Aug 19, 2015 | $4.18 |
| Aug 21, 2015 | $6.80 | ||
| Aug 23, 2015 | $10.98 | Aug 21, 2015 | $4.31 |
| Aug 31, 2015 | $6.67 | ||
| Aug 30, 2015 | $10.98 | Aug 31, 2015 | $4.44 |
| Sep 4, 2015 | $6.24 | ||
| Sep 9, 2015 | $0.29 | ||
| Sep 6, 2015 | $10.98 | Sep 9, 2015 | $10.82 |
| Sep 16, 2015 | $0.16 | ||
| Sep 13, 2015 | $10.98 | Sep 16, 2015 | $10.96 |
| Sep 24, 2015 | $0.02 | ||
| Sep 20, 2015 | $10.98 | Sep 24, 2015 | $10.98 |
| Sep 27, 2015 | $11.22 | Sep 24, 2015 | $0.11 |
| Sep 30, 2015 | $11.11 | ||
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