Loan to buy imported bags for sale

Stella

Kapsabet, Kenya

100% repaid

Entrepreneur

Name

Stella

Member since

November 2016

On-time repayments

75 installments  •  55%

About Me

I was brought up in a low income family, went to school upto O level but was unable to proceed to college due to lack of school fees. I started engaging with charity work/volunteer work in my local church where I gained some experience that brought the idea of business. I proposed the idea to my sister who lent me 10,000.00 to start with.
I have three children in school who have big ambitions. And I could like to nature their talents by working hard to pay their school fees.

My Business

I do selling of new clothes and mitumba clothes in Kapsabet market plus the surrounding centres.
I chose this business because it looked lucrative and fast moving
The major costs in this business are county taxes/taxes that we pay in a daily basis. On a good day I can make sales of between 6000 and 10,000.00 KES reflecting to a profit of between 1000 to 2000 KES.
I use my profits to pay house rent, daily upkeep for my family and school fees for my children.
Thank you

Loan Proposal

I intend to uplift my business that has not been doing well due to low turnover.
I am requesting for funds to purchase imported quality bags from overseas that are on demand and cheaper. I made this decision after going through some turmoil and managed to do some research of the market afresh.
I will buy 10 bags each costing USD 21 including freight charges. This bags I will sell at USD 36. With this I will be able to make good profits that will boost my business. I will be able to improve my life and that of my family.
Thank you for always being part of my business and be blessed.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$253.00

Date disbursed

Oct 15, 2017

Repayment status

On Time

Projected term

7 months

Lenders

PG

Paul Graham

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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Summary

Amount repaid

$252.81

Amount remaining

$0.00

Date repaid

Apr 1, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Oct 27, 2017 $0.99 Nov 10, 2017 $0.99
Nov 3, 2017 $0.00
Nov 10, 2017 $1.98 Dec 21, 2017 $1.98
Nov 17, 2017 $1.98 Dec 21, 2017 $1.98
Nov 24, 2017 $1.98 Dec 21, 2017 $1.98
Dec 1, 2017 $1.98 Dec 21, 2017 $1.98
Dec 8, 2017 $1.98 Dec 21, 2017 $1.98
Dec 15, 2017 $1.98 Dec 21, 2017 $1.98
Dec 22, 2017 $1.98 Dec 21, 2017 $1.98
Dec 29, 2017 $1.98 Dec 29, 2017 $0.99
Dec 29, 2017 $0.99
Jan 5, 2018 $1.98 Dec 29, 2017 $0.99
Jan 3, 2018 $0.99
Jan 12, 2018 $1.98 Mar 18, 2018 $1.98
Jan 19, 2018 $1.98 Mar 18, 2018 $1.98
Jan 26, 2018 $1.98 Mar 18, 2018 $1.98
Feb 2, 2018 $1.98 Mar 18, 2018 $1.98
Feb 9, 2018 $1.98 Mar 18, 2018 $1.98
Feb 16, 2018 $1.98 Mar 18, 2018 $1.98
Feb 23, 2018 $1.98 Mar 18, 2018 $1.98
Mar 2, 2018 $1.98 Mar 18, 2018 $1.98
Mar 9, 2018 $1.98 Mar 18, 2018 $1.98
Mar 16, 2018 $1.98 Mar 18, 2018 $1.98
Mar 23, 2018 $1.98 Mar 22, 2018 $0.99
Mar 22, 2018 $0.99
Mar 30, 2018 $1.98 Mar 28, 2018 $0.99
Mar 28, 2018 $0.99
Apr 6, 2018 $1.98 Mar 28, 2018 $0.99
Mar 28, 2018 $0.99
Apr 13, 2018 $1.98 Mar 28, 2018 $0.99
Mar 28, 2018 $0.99
Apr 20, 2018 $1.98 Mar 28, 2018 $0.99
Mar 28, 2018 $0.99
Apr 27, 2018 $1.98 Mar 28, 2018 $0.99
Mar 28, 2018 $0.99
May 4, 2018 $1.98 Mar 28, 2018 $0.99
Mar 28, 2018 $0.99
May 11, 2018 $1.98 Mar 28, 2018 $0.99
Mar 28, 2018 $0.99
May 18, 2018 $1.98 Mar 28, 2018 $0.99
Mar 28, 2018 $0.99
May 25, 2018 $59.38 Mar 31, 2018 $59.38
Jun 1, 2018 $59.38 Apr 1, 2018 $0.99
Apr 1, 2018 $0.99
Apr 1, 2018 $57.40
Jun 8, 2018 $59.38 Apr 1, 2018 $59.38
Jun 15, 2018 $18.24 Apr 1, 2018 $15.27
Apr 1, 2018 $0.99
Apr 1, 2018 $0.99
Apr 1, 2018 $0.99

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