Loan to buy overlock machine

Merystela Maloba

Bukembe, Kenya

100% repaid

Entrepreneur

Name

Merystela Maloba

Member since

January 2016

On-time repayments

36 installments  •  53%

About Me

I was born to the late Peter Maloba and Rose maloba, I went to school upto O-level,I didn't do very well as I expected due to spending most of the school time away from school due to lack of school fees. I was determined to follow my heart and passion in dress making industry and therefore joined kisumu Polytechnic for dressing making course that I successful completed.
I faced great challenge when I was starting my business and that was lack of start up capital,I worked for three years while saving and buying equipment. I was finally able to rent a house and opened 'Maloba Designers" as any young enterpreneur the business has had its teething problems but I have been able to sail through. I am now determined to expand the business so as to start training of youths .
I am a born again christian blessed with good voice and so I love singing so much, I also love reading novels,making new friends, and traveling.

My Business

My young business involves dress designing and making , I work with my clients and always do according to there wishes so that the end product matches there taste and preferences. Apart from dress making I also do doors and windows curtains that meets the clients needs.
The demand for my services have grown steadily due to on time delivery and following clients instructions.In case a client is not satisfied ,I offer to redo the job so that they leave my workshop happy.
I choose these business because it required less capital both in training and start up .
my monthly costs are $130 and my monthly revenues are $300.
I use my money to support mother and my siblings as well as to buy goods and pay for my business needs.

Loan Proposal

Dear lenders, I hope you are well and I take these ooportunity to thank you for the good job you are doing and for your incredible love and kindness. I wish to request for the first loan that would help me buy an overclock machine for my business. An overlock costs KES 12000 ($120). I will top up the loan with my savings. The new overlock machine would help me save money that I use to hire and also increase my speed and efficiency hence help improve my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 2, 2016

Repayment status

On Time

Projected term

16 months

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Morgan1301

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Petaling Jaya, Malaysia

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EjLehar

Galesburg, United States

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Toronto, Canada

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Trooperdan

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lfender6445

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alazybum

Australia

jonnyhj

Stockholm, Sweden

B

Boeing777

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D

DanielH

United States

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Mal57

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zdenek

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MW

Matt Willis

United States

WE

Wendy Emlyn

Devon, United Kingdom

TA

Tomi Astikainen

Helsinki, Finland, Finland

P

PeterP

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Summary

Amount repaid

$105.27

Amount remaining

$0.00

Date repaid

Apr 8, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Feb 15, 2016 $1.50 Feb 7, 2016 $1.50
Feb 22, 2016 $1.50 Feb 12, 2016 $1.50
Feb 29, 2016 $1.50 Feb 12, 2016 $1.50
Mar 7, 2016 $1.50 Feb 12, 2016 $1.50
Mar 14, 2016 $1.50 Feb 12, 2016 $1.50
Mar 21, 2016 $1.50 Feb 12, 2016 $1.50
Mar 28, 2016 $1.50 Feb 12, 2016 $1.50
Apr 4, 2016 $1.50 Feb 12, 2016 $1.50
Apr 11, 2016 $1.50 Feb 12, 2016 $1.50
Apr 18, 2016 $1.50 Feb 12, 2016 $1.50
Apr 25, 2016 $1.50 Feb 12, 2016 $1.50
May 2, 2016 $1.50 Mar 28, 2016 $1.50
May 9, 2016 $1.50 Mar 28, 2016 $1.50
May 16, 2016 $1.50 Mar 28, 2016 $1.50
May 23, 2016 $1.50 Mar 28, 2016 $1.50
May 30, 2016 $1.50 Mar 28, 2016 $1.50
Jun 6, 2016 $1.50 Mar 28, 2016 $1.50
Jun 13, 2016 $1.50 Mar 28, 2016 $1.50
Jun 20, 2016 $1.50 Mar 28, 2016 $1.50
Jun 27, 2016 $1.50 Mar 28, 2016 $1.50
Jul 4, 2016 $1.50 Mar 28, 2016 $1.50
Jul 11, 2016 $1.50 Mar 28, 2016 $1.50
Jul 18, 2016 $1.50 Mar 28, 2016 $1.50
Jul 25, 2016 $1.50 Mar 28, 2016 $1.50
Aug 1, 2016 $1.50 Mar 28, 2016 $1.50
Aug 8, 2016 $1.50 Mar 28, 2016 $1.50
Aug 15, 2016 $1.50 Mar 28, 2016 $1.50
Aug 22, 2016 $1.50 Mar 28, 2016 $1.50
Aug 29, 2016 $1.50 Mar 28, 2016 $1.50
Sep 5, 2016 $1.50 Mar 28, 2016 $1.50
Sep 12, 2016 $1.50 Mar 28, 2016 $1.50
Sep 19, 2016 $1.50 Mar 28, 2016 $1.50
Sep 26, 2016 $1.50 Mar 28, 2016 $1.50
Oct 3, 2016 $1.50 Mar 28, 2016 $1.50
Oct 10, 2016 $1.50 Mar 28, 2016 $1.50
Oct 17, 2016 $1.50 Mar 28, 2016 $1.50
Oct 24, 2016 $1.50 Mar 28, 2016 $1.50
Oct 31, 2016 $1.50 Mar 28, 2016 $1.50
Nov 7, 2016 $1.50 Mar 28, 2016 $1.50
Nov 14, 2016 $1.50 Mar 28, 2016 $1.50
Nov 21, 2016 $1.50 Mar 28, 2016 $0.50
Apr 8, 2016 $1.00
Nov 28, 2016 $1.50 Apr 8, 2016 $1.50
Dec 5, 2016 $1.50 Apr 8, 2016 $1.50
Dec 12, 2016 $1.50 Apr 8, 2016 $1.50
Dec 19, 2016 $1.50 Apr 8, 2016 $1.50
Dec 26, 2016 $1.50 Apr 8, 2016 $1.50
Jan 2, 2017 $1.50 Apr 8, 2016 $1.50
Jan 9, 2017 $1.50 Apr 8, 2016 $1.50
Jan 16, 2017 $1.50 Apr 8, 2016 $1.50
Jan 23, 2017 $1.50 Apr 8, 2016 $1.50
Jan 30, 2017 $1.50 Apr 8, 2016 $1.50
Feb 6, 2017 $1.50 Apr 8, 2016 $1.50
Feb 13, 2017 $1.50 Apr 8, 2016 $1.50
Feb 20, 2017 $1.50 Apr 8, 2016 $1.50
Feb 27, 2017 $1.50 Apr 8, 2016 $1.50
Mar 6, 2017 $1.50 Apr 8, 2016 $1.50
Mar 13, 2017 $1.50 Apr 8, 2016 $1.50
Mar 20, 2017 $1.50 Apr 8, 2016 $1.50
Mar 27, 2017 $1.50 Apr 8, 2016 $1.50
Apr 3, 2017 $1.50 Apr 8, 2016 $1.50
Apr 10, 2017 $1.50 Apr 8, 2016 $1.50
Apr 17, 2017 $1.50 Apr 8, 2016 $1.50
Apr 24, 2017 $1.50 Apr 8, 2016 $1.50
May 1, 2017 $1.50 Apr 8, 2016 $1.50
May 8, 2017 $1.50 Apr 8, 2016 $1.50
May 15, 2017 $1.50 Apr 8, 2016 $1.50
May 22, 2017 $1.50 Apr 8, 2016 $1.50
May 29, 2017 $1.50 Apr 8, 2016 $1.50
Jun 5, 2017 $1.50 Apr 8, 2016 $1.50
Jun 12, 2017 $1.50 Apr 8, 2016 $1.50
Jun 19, 2017 $0.27 Apr 8, 2016 $0.27

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