Loan to add clothing stock - business expansion
Lavine
Uthiru, Kenya
100% repaid
Entrepreneur
Name
Lavine
Member since
November 2014
On-time repayments
98 installments • 42%
About Me
My name is Lavine Makungu, born in 1985 in Western Kenya.
I love myself so much and I love God.
I am an orphan and guardian to two sisters, since my mother passed on while I was in form three [High School].
I sat my Kenya Certificate of Secondary Education (KCSE) exams and pursued a certificate course in secretarial.
I am married and blessed with one child.
My husband is involved in church ministry in Kawangware - Nairobi, a slum area.
My Business
I would be grateful if given loan to boost my business.
I usually sell secondhand clothes, which I buy from Gikomba-Nairobi, then do house-to-house selling to my neighbours and the community around where I live.
My clothes retail between $1 and $3 each, earning me approx. half a dollar per piece.
I wish to expand my current stock by $50, so that it can grow faster and help me better support my younger sisters as well as improve my family.
I have been able to build rapport with the neighbouring community to the extent that I can no longer satisfy their demand for the items I sell.
The full loan amount will therefore be utilized in buying additional clothing stock.
Your assistance is appreciated.
Loan Proposal
I would be grateful if given loan to boost my business.
I usually sell secondhand clothes, which I buy from Gikomba-Nairobi, then do house-to-house selling to my neighbours and the community around where I live.
My clothes retail between $1 and $3 each, earning me approx. half a dollar per piece.
I wish to expand my current stock by $50, so that it can grow faster and help me better support my younger sisters as well as improve my family.
I have been able to build rapport with the neighbouring community to the extent that I can no longer satisfy their demand for the items I sell.
The full loan amount will therefore be utilized in buying additional clothing stock.
Your assistance is appreciated.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Dec 8, 2014
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
Summary
Amount repaid
$53.64
Amount remaining
$0.00
Date repaid
Jun 3, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 21, 2014 | $2.13 | Dec 14, 2014 | $2.13 |
| Dec 28, 2014 | $2.13 | Dec 14, 2014 | $0.11 |
| Jan 24, 2015 | $2.02 | ||
| Jan 4, 2015 | $2.13 | Jan 24, 2015 | $0.56 |
| Feb 11, 2015 | $1.57 | ||
| Jan 11, 2015 | $2.13 | Feb 11, 2015 | $2.13 |
| Jan 18, 2015 | $2.13 | Feb 11, 2015 | $2.13 |
| Jan 25, 2015 | $2.13 | Feb 11, 2015 | $2.13 |
| Feb 1, 2015 | $2.13 | Feb 11, 2015 | $2.13 |
| Feb 8, 2015 | $2.13 | Feb 11, 2015 | $1.69 |
| Mar 7, 2015 | $0.45 | ||
| Feb 15, 2015 | $2.13 | Mar 7, 2015 | $2.13 |
| Feb 22, 2015 | $2.13 | Mar 7, 2015 | $2.13 |
| Mar 1, 2015 | $2.13 | Mar 7, 2015 | $2.13 |
| Mar 8, 2015 | $2.13 | Mar 7, 2015 | $2.13 |
| Mar 15, 2015 | $2.13 | Mar 7, 2015 | $2.13 |
| Mar 22, 2015 | $2.13 | Mar 7, 2015 | $2.13 |
| Mar 29, 2015 | $2.13 | Mar 7, 2015 | $2.13 |
| Apr 5, 2015 | $2.13 | Mar 7, 2015 | $2.13 |
| Apr 12, 2015 | $2.13 | Mar 7, 2015 | $2.13 |
| Apr 19, 2015 | $2.13 | Mar 7, 2015 | $2.13 |
| Apr 26, 2015 | $2.13 | Mar 7, 2015 | $2.13 |
| May 3, 2015 | $2.13 | Mar 7, 2015 | $2.13 |
| May 10, 2015 | $2.13 | Mar 7, 2015 | $2.13 |
| May 17, 2015 | $2.13 | Mar 7, 2015 | $2.13 |
| May 24, 2015 | $2.13 | Mar 7, 2015 | $2.13 |
| May 31, 2015 | $2.13 | Mar 7, 2015 | $1.24 |
| Jun 3, 2015 | $0.90 | ||
| Jun 7, 2015 | $2.40 | Jun 3, 2015 | $2.40 |
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