Entrepreneur
Name
Margaret
Member since
February 2015
On-time repayments
212 installments • 43%
About Me
My name is Margaret Muthoni, a businesswoman based in Mombasa city. I was born in Nyeri county in the central region of Kenya. This is an agriculturally rich area and most people around this area are farmers.
I grew up in this farming community where I learned my farming skills early in life. I however had a desire to work in big cities and a chance came when I cleared my secondary school. After clearing my secondary education, I moved to Mombasa, which is the second largest city in Kenya, to live with my uncle.
I then enrolled in a college where I did a course in catering and hotel management. I got a job in a hotel shortly after completing my course, where I worked for six months.
I then got married and I could not continue with my hotel job since it demanded that I work in very odd hours and this could not work since I was starting a family. I was blessed with two children, now aged 12 and 7 years.
With the help of my husband, I started a clothes selling business which I am still doing.
My Business
My business is selling of used and new clothes. I do it from a rented stall in town. I normally get my stock from big markets in Nairobi. My shop is located in a densely populated area of the city and I get a regular stream of customers who have known me over the years.
I deal with all types of clothes of all ages and sexes. The business fetches a profit of about $300 per month and I use this money to support my family as well as sending money back home to support my aging parents.
Given credit, I would like to expand my business by adding more stock so as to attract more people to my shop.
Loan Proposal
We are fast approaching a cold season in Kenya. This will lead to an upsurge of demand in warm clothes like jackets and sweaters. I will use this money to get a stock of one dozen jackets and a similar number of sweaters. I will also buy other clothes if there will be a balance.
This new stock will boost my sales and I hope to make quick sales due to the high demand.
Thank you.
About Me
My name is Margaret Muthoni, a business woman based in Mombasa city. I was born in Nyeri county in the central region of Kenya. This is an agricultural rich area and most people around this area are farmers.
I grew up in this farming community where I learned my farming skills early in life. I however had a desire to work in big cities and a chance came when I cleared my secondary school. After clearing my secondary education, I moved to Mombasa which is the second largest city in Kenya to live with my uncle.
I then enrolled in a college where I did a course in catering and hotel management. I got a job in a hotel shortly after completing my course where I worked for six months.
I then got married and I could not continue with my hotel job since it demanded that I work in very odd hours and this could not work since I was starting a family. I was blessed with two children now aged 12 and 7 years.
With the help of my husband, I started a cloth selling business which I am still doing.
My Business
My business is selling of used and new clothes. I do it from a rented stall in town. I normally get my stock from big markets in Nairobi. My shop is located in a densely populated area of the city and I get a regular stream of customers who have known me over the years.
I deal with all types of clothes of all ages and sexes. The business fetches a profit of about $300 per month and I use this money to support my family as well as sending money back home to support my aging parents.
Given credit, I would like to expand my business by adding more stock so as to attract more people to my shop.
Loan Proposal
We are fast approaching a cold season in Kenya. This will lead to an upsurge of demand in warm clothes like jackets and sweaters. I will use this money to get a stock of one dozen jackets and a similar number of sweaters. I will also buy other clothes if there will be a balance.
This new stock will boost my sales and I hope to make quick sales due to the high demand.
Thank you.
Feedback
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$90.00
Date disbursed
Jun 11, 2018
Repayment status
Late
Projected term
15 months
Lenders
Ask Margaret a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$41.39
Amount remaining
$48.84
Expected completion
Sep 10, 2019
Status
Repaying late
Installment amount
$0.99
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 19, 2018 | $1.97 | Jun 29, 2018 | $1.97 |
| Jun 26, 2018 | $1.97 | Jul 26, 2018 | $1.97 |
| Jul 3, 2018 | $1.97 | Aug 15, 2018 | $1.97 |
| Jul 10, 2018 | $1.97 | Aug 15, 2018 | $1.97 |
| Jul 17, 2018 | $1.97 | Aug 22, 2018 | $1.97 |
| Jul 24, 2018 | $1.97 | Aug 31, 2018 | $1.97 |
| Jul 31, 2018 | $1.97 | Aug 31, 2018 | $0.99 |
| Sep 18, 2018 | $0.99 | ||
| Aug 7, 2018 | $1.97 | Sep 18, 2018 | $1.97 |
| Aug 14, 2018 | $1.97 | Sep 18, 2018 | $0.99 |
| Oct 27, 2018 | $0.99 | ||
| Aug 21, 2018 | $1.97 | Oct 27, 2018 | $0.99 |
| Nov 11, 2018 | $0.99 | ||
| Aug 28, 2018 | $1.97 | Nov 11, 2018 | $1.97 |
| Sep 4, 2018 | $1.97 | Nov 11, 2018 | $0.99 |
| Nov 27, 2018 | $0.99 | ||
| Sep 11, 2018 | $1.97 | Nov 27, 2018 | $0.99 |
| Dec 5, 2018 | $0.99 | ||
| Sep 18, 2018 | $1.97 | Dec 5, 2018 | $0.99 |
| Dec 15, 2018 | $0.99 | ||
| Sep 25, 2018 | $1.97 | Dec 15, 2018 | $0.99 |
| Jan 10, 2019 | $0.99 | ||
| Oct 2, 2018 | $1.97 | Jan 10, 2019 | $1.97 |
| Oct 9, 2018 | $1.97 | Jan 24, 2019 | $1.97 |
| Oct 16, 2018 | $1.97 | Jan 31, 2019 | $1.97 |
| Oct 23, 2018 | $1.97 | Feb 8, 2019 | $1.97 |
| Oct 30, 2018 | $0.00 | ||
| Nov 6, 2018 | $0.00 | ||
| Nov 13, 2018 | $0.00 | ||
| Nov 20, 2018 | $0.00 | ||
| Nov 27, 2018 | $0.00 | ||
| Dec 4, 2018 | $0.00 | ||
| Dec 11, 2018 | $0.00 | ||
| Dec 18, 2018 | $0.00 | ||
| Dec 25, 2018 | $0.00 | ||
| Jan 1, 2019 | $0.00 | ||
| Jan 8, 2019 | $0.00 | ||
| Jan 15, 2019 | $0.00 | ||
| Jan 22, 2019 | $0.00 | ||
| Jan 29, 2019 | $0.00 | ||
| Feb 5, 2019 | $0.00 | ||
| Feb 12, 2019 | $0.00 | ||
| Feb 19, 2019 | $0.99 | Feb 20, 2019 | $0.99 |
| Feb 26, 2019 | $0.99 | Feb 20, 2019 | $0.99 |
| Mar 5, 2019 | $0.99 | Mar 6, 2019 | $0.99 |
| Mar 12, 2019 | $0.99 | Apr 1, 2019 | $0.99 |
| Mar 19, 2019 | $0.99 | ||
| Mar 26, 2019 | $1.97 | ||
| Apr 2, 2019 | $1.97 | ||
| Apr 9, 2019 | $1.97 | ||
| Apr 16, 2019 | $1.97 | ||
| Apr 23, 2019 | $1.97 | ||
| Apr 30, 2019 | $1.97 | ||
| May 7, 2019 | $1.97 | ||
| May 14, 2019 | $1.97 | ||
| May 21, 2019 | $1.97 | ||
| May 28, 2019 | $1.97 | ||
| Jun 4, 2019 | $1.97 | ||
| Jun 11, 2019 | $1.97 | ||
| Jun 18, 2019 | $1.97 | ||
| Jun 25, 2019 | $1.97 | ||
| Jul 2, 2019 | $1.97 | ||
| Jul 9, 2019 | $1.97 | ||
| Jul 16, 2019 | $1.97 | ||
| Jul 23, 2019 | $1.97 | ||
| Jul 30, 2019 | $1.97 | ||
| Aug 6, 2019 | $1.97 | ||
| Aug 13, 2019 | $1.97 | ||
| Aug 20, 2019 | $1.97 | ||
| Aug 27, 2019 | $1.97 | ||
| Sep 3, 2019 | $1.97 | ||
| Sep 10, 2019 | $0.55 | ||
Ahadi Jun 26, 2018
Loading...