Inventory of ladies' sandals for retail
Eunice
Komarock, Kenya
100% repaid
Entrepreneur
Name
Eunice
Member since
March 2014
On-time repayments
20 installments • 60%
About Me
My names are Eunice Wangui Marunge, aged 27 years.I am a single mother to one child. I have studied Hotel and Catering and I also have a Diploma in front Office management. I have a passion in business which has seen me venture into several side businesses, apart from an 8-5 job. I am the third born in a family of three; my dad is a teacher and my mum is a business lady. My elder siblings include two brothers; the eldest is a business man and the other one is an accountant. I decided to venture into business as a first love seeing as I have always wanted to start and grow a business into a large, self- sustaining empire.
My Business
Apart from being in formal employment, I run several businesses on the side, that I would love to build to a capacity that would allow me to be fully self-employed. I have partnered with some like minded ladies (we are ten of us) to start a business in importing ladies' wear, majorly shoes (sandals) from India mainly. We have a contact person in India who sources the best and low-priced quality shoes that we can import and resell at a higher value. We started off late last year and imported seven (7) bales which cost us around $2,930, including shipping costs and all other miscellaneous costs. We already have a ready market in the country, as most ladies prefer the sandals, that are favored by the climate. It takes around two months to resell the stock, which we did, making $4,100. We are planning on registering a company, expanding the business to cover other lady wears and build capacity among ourselves and our families, as most of us in the group happen to be single mothers.
Loan Proposal
I would like to boost my current ladies' wear business, majorly shoes (sandals) which i have been running from my little savings and has been picking up well.I would like to boost my $176 stock to reach $350 by the end of this month.I already have a ready market in the country, as most ladies prefer the sandals, that are favored by the climate. It takes little time,around 3weeks to sell the whole stock. I am currently getting the sandals locally and sometimes imports at an affordable price in which i make very good profits.I am planning to be importing my own stock from abroad in future. I therefore make this humble request for funding for the requested amount($50).Thank you guys
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
May 16, 2014
Repayment status
On Time
Projected term
4 months
Lenders
Summary
Amount repaid
$51.74
Amount remaining
$0.00
Date repaid
Dec 5, 2014
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 28, 2014 | $4.65 | May 27, 2014 | $4.65 |
| Jun 4, 2014 | $4.65 | Jun 3, 2014 | $4.65 |
| Jun 11, 2014 | $4.65 | Jun 10, 2014 | $4.65 |
| Jun 18, 2014 | $4.65 | Jun 18, 2014 | $4.65 |
| Jun 25, 2014 | $4.65 | Jun 26, 2014 | $4.65 |
| Jul 2, 2014 | $4.65 | Jul 1, 2014 | $4.64 |
| Jul 8, 2014 | $0.01 | ||
| Jul 9, 2014 | $4.65 | Jul 8, 2014 | $4.64 |
| Jul 16, 2014 | $0.01 | ||
| Jul 16, 2014 | $4.65 | Jul 16, 2014 | $4.64 |
| Jul 27, 2014 | $0.01 | ||
| Jul 23, 2014 | $4.65 | Jul 27, 2014 | $4.64 |
| Sep 18, 2014 | $0.01 | ||
| Jul 30, 2014 | $0.00 | ||
| Aug 6, 2014 | $0.00 | ||
| Aug 13, 2014 | $0.00 | ||
| Aug 20, 2014 | $0.00 | ||
| Aug 27, 2014 | $0.00 | ||
| Sep 3, 2014 | $1.76 | Sep 18, 2014 | $1.76 |
| Sep 10, 2014 | $1.76 | Sep 18, 2014 | $1.76 |
| Sep 17, 2014 | $1.76 | Sep 18, 2014 | $0.58 |
| Nov 2, 2014 | $1.19 | ||
| Sep 24, 2014 | $1.76 | Nov 2, 2014 | $1.76 |
| Oct 1, 2014 | $1.76 | Nov 2, 2014 | $1.16 |
| Nov 10, 2014 | $0.60 | ||
| Oct 8, 2014 | $1.09 | Nov 10, 2014 | $0.58 |
| Dec 5, 2014 | $0.51 | ||
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