Sheltered structure for my secondhand clothing sales

Josephine

Nairobi, Kenya

74% repaid

Entrepreneur

Name

Josephine

Member since

April 2015

On-time repayments

62 installments  •  16%

About Me

I was born on 24th October 1991 as the firstborn in our family of four girls. In 1997, i joined Nyamgun Primary School for my primary Education up to standard seven. In 2005, i transferred to Obola Mixed Boarding And Day Primary School for my class eight, where i sat for my KCPE and passed. From there i joined Kit Mikayi Mixed Secondary School in 2006. I sat for my KCSE exams in2009 and passed. In 2011, i joined Nakuru Teachers College for P1 Certificate Course which takes two years. At some point it was challenging raising school fees but i managed to complete my course at the end of the two years but i couldn't receive my certificates since i left with arrears. That meant that i couldn't be employed anywhere without those certificates. I hung for at least six months without a job, then a neighbor offered to employ me to be selling for her clothing. I worked for her for one and a half years then she sent me packing because i requested her to increase my salary due to the economic crisis that was looming ahead. since i used to save little money, i opted to start my own business with the experience i had acquired. At first it was tricky because i had changed location but slowly it picked. I have been buying clothes small quantities but my dream is to buy them in bails. I like to travelling to different environments to get to know what i should know especially concerning my business.

My Business

I sell mitumba clothes both for children and adults. These kind of clothes are on demand because they are unique as in, it is rare to spot more than one person wearing the same type in terms of design, colour and material; they are long lasting;they are also affordable. I chose this kind of business because there was demand for these kind of clothing since they accommodate all classes of people in the society just as i have stated above-affordability. I use small amount of money to buy a lot of clothes and sell them at a reasonable price which caters even for the low in the society. The revenue i get in return is not badly off since at times the market responds extremely positively but other times it recedes to as low as no sales at all in a day. The profits i get i divide into up keeps, growing the business, partly support my child in school in terms of stationery and lunch programme.

Loan Proposal

I am selling my clothes just outside by the roadside which has been a challenge most especially during rainy season. The heavy rain for twenty fours make me let down my customers when they are in need. Sometimes my clothes are carried away by flowing water on the road so i end up losing. So i want to construct a sheltered structure for my clothes in that way they be safe and i will always be at my customers' service. This will cost me KES 3000. I also want to introduce into the market, Men's wear just from mitumba since some have been asking me constantly. It will cost me KES 5000. This will bring in more income for expansion of my business and better living. I expect to raise 20% profit since i have been raising 10%-12%.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Apr 21, 2015

Repayment status

Late

Projected term

14 months

Lenders

C

Christian

Saarbruecken, Germany

A

ashtanga99

Newport, United States

J

jzidi

Los Angeles, United States

A

Anonymous

United Kingdom

C

Clben7

Cincinnati, United States

Evan Lamos

Brussels, Belgium

W

wiwillia

Milbrae, United States

S

sanfransec

San Francisco, CA, United States

K

KiraDee

United States

H

Hank

New Zealand

KD

Kent Don

United States

Y

YP

Malaysia, Germany

Ask Josephine a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$78.00

Amount remaining

$27.14

Expected completion

Jul 3, 2016

Status

Repaying late

Installment amount

$1.11

Repayment History

Expected Payments Actual Payments
May 3, 2015 $6.57 May 11, 2015 $6.57
May 10, 2015 $6.57 May 11, 2015 $0.04
May 18, 2015 $6.52
May 17, 2015 $6.57 May 18, 2015 $0.09
May 27, 2015 $6.48
May 24, 2015 $6.57 May 27, 2015 $0.13
Jun 2, 2015 $6.43
May 31, 2015 $6.57 Jun 2, 2015 $0.18
Jun 9, 2015 $6.39
Jun 7, 2015 $6.57 Jun 9, 2015 $0.22
Jun 23, 2015 $6.34
Jun 14, 2015 $6.57 Jun 23, 2015 $4.77
Jun 29, 2015 $1.80
Jun 21, 2015 $6.57 Jun 29, 2015 $4.81
Jul 27, 2015 $1.76
Jun 28, 2015 $6.57 Jul 27, 2015 $6.57
Jul 5, 2015 $2.23 Jul 27, 2015 $2.23
Jul 12, 2015 $0.00
Jul 19, 2015 $0.00
Jul 26, 2015 $0.00
Aug 2, 2015 $0.00
Aug 9, 2015 $0.00
Aug 16, 2015 $0.00
Aug 23, 2015 $3.33 Sep 5, 2015 $3.33
Aug 30, 2015 $3.33 Sep 5, 2015 $3.33
Sep 6, 2015 $0.00
Sep 13, 2015 $0.00
Sep 20, 2015 $0.00
Sep 27, 2015 $0.00
Oct 4, 2015 $0.00
Oct 11, 2015 $0.00
Oct 18, 2015 $0.00
Oct 25, 2015 $0.00
Nov 1, 2015 $0.00
Nov 8, 2015 $0.00
Nov 15, 2015 $1.11 Dec 16, 2015 $1.11
Nov 22, 2015 $1.11 Dec 16, 2015 $1.11
Nov 29, 2015 $1.11 Dec 16, 2015 $1.11
Dec 6, 2015 $1.11 Dec 16, 2015 $1.11
Dec 13, 2015 $1.11 Dec 16, 2015 $1.11
Dec 20, 2015 $1.11 Feb 9, 2016 $1.11
Dec 27, 2015 $1.11 Feb 9, 2016 $1.11
Jan 3, 2016 $1.11 Feb 9, 2016 $1.11
Jan 10, 2016 $1.11 Feb 9, 2016 $1.11
Jan 17, 2016 $1.11
Jan 24, 2016 $1.11
Jan 31, 2016 $1.11
Feb 7, 2016 $1.11
Feb 14, 2016 $1.11
Feb 21, 2016 $1.11
Feb 28, 2016 $1.11
Mar 6, 2016 $1.11
Mar 13, 2016 $1.11
Mar 20, 2016 $1.11
Mar 27, 2016 $1.11
Apr 3, 2016 $1.11
Apr 10, 2016 $1.11
Apr 17, 2016 $1.11
Apr 24, 2016 $1.11
May 1, 2016 $1.11
May 8, 2016 $1.11
May 15, 2016 $1.11
May 22, 2016 $1.11
May 29, 2016 $1.11
Jun 5, 2016 $1.11
Jun 12, 2016 $1.11
Jun 19, 2016 $1.11
Jun 26, 2016 $1.11
Jul 3, 2016 $0.48

Loading...