Entrepreneur
Name
Collet
Member since
October 2012
On-time repayments
11 installments • 9%
About Me
My name is Collet Otieno. I am 32 years old. I am a business woman. I live and work in pipeline estate. I completed my o level in 1998 and then joined The Kenya Polytechnic in 2000 for a Diploma in sales and marketing. After failing to get a job I decided to start my own business which I have been doing for five years now.
My Business
I make tablecloths, bedcovers and curtains. I also sell second hand clothes. I get my customers from around my business area and also sell to people from outside my area. People like what I make because I create my own unique designs and I do my best to please my customer. My monthly costs amount to 40 000 and my sales amount to 60- 70000.
Loan Proposal
Once I receive the loan, I will purchase all the materials and threads for table cloths and bedcovers and also buy sheers for curtains that I will need to make different designs and stock up so customers can have a wide variety of goods to choose from. I will also stock up on second hand clothes because I only have a few. The money that remains will be used to pay the rent.
Feedback
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$500.00
Date disbursed
Dec 19, 2012
Repayment status
Late
Projected term
12 months
Lenders
Luxembourg, Luxembourg
Grand Prairie, TX, United States
Berlin, Germany
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Summary
Amount repaid
$246.99
Amount remaining
$327.04
Expected completion
Jan 9, 2014
Status
Repaying late
Installment amount
$52.19
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 9, 2013 | $52.19 | Mar 20, 2013 | $52.19 |
| Apr 9, 2013 | $52.19 | May 18, 2013 | $52.19 |
| May 9, 2013 | $52.19 | Jun 3, 2013 | $14.12 |
| Jun 9, 2013 | $5.88 | ||
| Sep 12, 2013 | $32.19 | ||
| Jun 9, 2013 | $52.19 | Sep 12, 2013 | $3.11 |
| Sep 18, 2013 | $17.65 | ||
| Nov 3, 2013 | $31.44 | ||
| Jul 9, 2013 | $52.19 | Nov 3, 2013 | $15.62 |
| Nov 4, 2013 | $22.59 | ||
| Aug 9, 2013 | $52.19 | ||
| Sep 9, 2013 | $52.19 | ||
| Oct 9, 2013 | $52.19 | ||
| Nov 9, 2013 | $52.19 | ||
| Dec 9, 2013 | $52.19 | ||
| Jan 9, 2014 | $52.14 | ||
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