Purchase ready-made clothing stock from Uganda
Edith
Njoro, Kenya
3% repaid
Entrepreneur
Name
Edith
Member since
March 2014
On-time repayments
119 installments • 1%
About Me
I am a married woman with one child,i stay at Ngondu village near Egerton University. I come from a family of five three children I being the first born and two brothers after me.I suport the family from my business especially my brother who is an under graduate at egerton University.I am a graduate from Egerton University and I studied Bachelor of science in Community Development.After a .long search of job when I finished my under graduate In 2011 I decided to start a business by the knowledge attained during my course work in bussiness classes.The type of business is a boutique.The boutique helps me to to support my family financially especially when the profit is so high like Christmas period and Easter period.
My Business
MY BUSINESS PROPOSAL:
My business is situated in Egerton University 50m from the gate.The business is a Boutique where by I deal with selling ready made clothes,I purchase my stock from Uganda where the prices are cheap.My customers are mainly the staff from Egerton University and partily the students.They prefer my goods because they are original,fair in price and also within the market place.I purchase the goods cheaply in Uganda thus able to sell them at a fair price compared to other sellers.The risk that I have is that my customers sometimes come and buy goods on credit and promise to pay early yet they take longer than expected to pay thus makes a delay in adding stock.I make a profit of 2,000/= per day thus 60,000/= per month although when the business is down I make a profit of 40,000/= per month.The cost is used to cater for my domestic use and I will use the same to pay my Zidisha loan.
Loan Proposal
I WILL USE THE MONEY TO BUY READY MADE CLOTHES FORM UGANDA WHERE THEY ARE AVAILED AT A LOWER PRICE AND SELL AT MY BORTIQUE AT A RESONABLE PRICE. I WILL USE 3500/= FOR TRANSPORT AND 1500/= FOR MY ACCOMODATION. THE REST WILL BE USED TO PURCHASE CLOTHES. EACH DRESS COST 500/= WHICH I WILL SELL AT 1500/= THUS MAKING A PROFIT OF 1000/= PER DRESS. THE TOTAL PROFIT WILL BE 16000/= THIS WILL ENABLE ME PAY MY LOAN TIMELY AND EXPAND MY BUSINESS BY PURCHASING MORE STOCK.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Mar 25, 2014
Repayment status
Late
Projected term
27 months
Lenders
Richmond, United States
Republic of Korea
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$5.89
Amount remaining
$185.42
Expected completion
Jul 6, 2016
Status
Repaying late
Installment amount
$3.53
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 2, 2014 | $0.00 | ||
| Apr 9, 2014 | $0.00 | ||
| Apr 16, 2014 | $0.00 | ||
| Apr 23, 2014 | $3.53 | Dec 12, 2015 | $3.53 |
| Apr 30, 2014 | $3.53 | Feb 6, 2016 | $2.35 |
| Apr 15, 2021 | $0.01 | ||
| May 7, 2014 | $3.53 | ||
| May 14, 2014 | $3.53 | ||
| May 21, 2014 | $3.53 | ||
| May 28, 2014 | $0.00 | ||
| Jun 4, 2014 | $3.53 | ||
| Jun 11, 2014 | $3.53 | ||
| Jun 18, 2014 | $3.53 | ||
| Jun 25, 2014 | $0.00 | ||
| Jul 2, 2014 | $3.76 | ||
| Jul 9, 2014 | $0.00 | ||
| Jul 16, 2014 | $1.76 | ||
| Jul 23, 2014 | $0.00 | ||
| Jul 30, 2014 | $0.00 | ||
| Aug 6, 2014 | $0.00 | ||
| Aug 13, 2014 | $3.76 | ||
| Aug 20, 2014 | $0.94 | ||
| Aug 27, 2014 | $0.00 | ||
| Sep 3, 2014 | $0.00 | ||
| Sep 10, 2014 | $0.00 | ||
| Sep 17, 2014 | $4.00 | ||
| Sep 24, 2014 | $4.00 | ||
| Oct 1, 2014 | $2.00 | ||
| Oct 8, 2014 | $0.00 | ||
| Oct 15, 2014 | $0.00 | ||
| Oct 22, 2014 | $0.00 | ||
| Oct 29, 2014 | $0.00 | ||
| Nov 5, 2014 | $0.00 | ||
| Nov 12, 2014 | $0.00 | ||
| Nov 19, 2014 | $0.00 | ||
| Nov 26, 2014 | $0.00 | ||
| Dec 3, 2014 | $0.00 | ||
| Dec 10, 2014 | $4.71 | ||
| Dec 17, 2014 | $4.71 | ||
| Dec 24, 2014 | $4.71 | ||
| Dec 31, 2014 | $4.71 | ||
| Jan 7, 2015 | $4.71 | ||
| Jan 14, 2015 | $4.71 | ||
| Jan 21, 2015 | $4.71 | ||
| Jan 28, 2015 | $4.71 | ||
| Feb 4, 2015 | $4.71 | ||
| Feb 11, 2015 | $4.71 | ||
| Feb 18, 2015 | $4.71 | ||
| Feb 25, 2015 | $1.18 | ||
| Mar 4, 2015 | $0.00 | ||
| Mar 11, 2015 | $0.00 | ||
| Mar 18, 2015 | $0.00 | ||
| Mar 25, 2015 | $0.00 | ||
| Apr 1, 2015 | $0.00 | ||
| Apr 8, 2015 | $2.82 | ||
| Apr 15, 2015 | $2.82 | ||
| Apr 22, 2015 | $2.82 | ||
| Apr 29, 2015 | $2.82 | ||
| May 6, 2015 | $2.82 | ||
| May 13, 2015 | $0.00 | ||
| May 20, 2015 | $0.00 | ||
| May 27, 2015 | $0.00 | ||
| Jun 3, 2015 | $0.00 | ||
| Jun 10, 2015 | $0.00 | ||
| Jun 17, 2015 | $0.00 | ||
| Jun 24, 2015 | $2.35 | ||
| Jul 1, 2015 | $0.59 | ||
| Jul 8, 2015 | $0.00 | ||
| Jul 15, 2015 | $0.00 | ||
| Jul 22, 2015 | $0.00 | ||
| Jul 29, 2015 | $0.00 | ||
| Aug 5, 2015 | $0.00 | ||
| Aug 12, 2015 | $0.00 | ||
| Aug 19, 2015 | $0.00 | ||
| Aug 26, 2015 | $2.35 | ||
| Sep 2, 2015 | $2.35 | ||
| Sep 9, 2015 | $2.35 | ||
| Sep 16, 2015 | $2.35 | ||
| Sep 23, 2015 | $0.59 | ||
| Sep 30, 2015 | $0.00 | ||
| Oct 7, 2015 | $0.00 | ||
| Oct 14, 2015 | $0.00 | ||
| Oct 21, 2015 | $3.53 | ||
| Oct 28, 2015 | $0.00 | ||
| Nov 4, 2015 | $0.00 | ||
| Nov 11, 2015 | $0.00 | ||
| Nov 18, 2015 | $0.00 | ||
| Nov 25, 2015 | $0.00 | ||
| Dec 2, 2015 | $0.00 | ||
| Dec 9, 2015 | $0.00 | ||
| Dec 16, 2015 | $0.00 | ||
| Dec 23, 2015 | $2.35 | ||
| Dec 30, 2015 | $0.00 | ||
| Jan 6, 2016 | $0.00 | ||
| Jan 13, 2016 | $0.00 | ||
| Jan 20, 2016 | $0.00 | ||
| Jan 27, 2016 | $0.00 | ||
| Feb 3, 2016 | $0.00 | ||
| Feb 10, 2016 | $2.59 | ||
| Feb 17, 2016 | $2.59 | ||
| Feb 24, 2016 | $2.59 | ||
| Mar 2, 2016 | $2.59 | ||
| Mar 9, 2016 | $2.59 | ||
| Mar 16, 2016 | $2.59 | ||
| Mar 23, 2016 | $2.59 | ||
| Mar 30, 2016 | $2.59 | ||
| Apr 6, 2016 | $2.59 | ||
| Apr 13, 2016 | $2.59 | ||
| Apr 20, 2016 | $2.59 | ||
| Apr 27, 2016 | $2.59 | ||
| May 4, 2016 | $2.59 | ||
| May 11, 2016 | $2.59 | ||
| May 18, 2016 | $2.59 | ||
| May 25, 2016 | $2.59 | ||
| Jun 1, 2016 | $2.59 | ||
| Jun 8, 2016 | $2.59 | ||
| Jun 15, 2016 | $2.59 | ||
| Jun 22, 2016 | $2.59 | ||
| Jun 29, 2016 | $2.59 | ||
| Jul 6, 2016 | $2.61 | ||
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