Loan to purchase stock from the United States

Monica

Kiambu, Kenya

100% repaid

Entrepreneur

Name

Monica

Member since

May 2016

On-time repayments

119 installments  •  94%

About Me

I am the last born in a family of 6 and was brought in rural Kenya.
I am a trained chef which has been quite useful in helping me run my business. ,i like to travel and go hiking. Our country has some of the best parks in the world.
I am also engaged in community work and work together with my local church to reach out to the less fortunate in the rural area

My Business

My business is registered as a sole proprietorship since 2015.Its very simple and straight forward, i import watches from china and resell them at a profit.

My target market are young Kenyans between ages 20-45 , they are tech savy and internet services are available in all major town s in the country. hence its easy for customers to find my products using their smartphones, personal computers or cyber cafes,
My major expenses are the purchase of stock and shipping. The online store fulfills orders made on my behalf. However they take a commission on the sale .Most of the profit i get is re invested in the business.
I intend to use the loan to top up my savings so that i can purchase more stock with a wider variety, to include ladies bracelets, earrings and necklaces.
My plans for the near future is to improve on the variety of the accessories and also open a brick & mortar store so as to reach a wider market.

Loan Proposal

Hello Lenders,
Am requesting for another loan to bring in more stock(watches & jewelery) from the U.S rather than form China. This is due to customer demands and preference of items made in USA due to perceived better quality and stylish trends.These products will give me a higher profit margin by 20% .I intend to spend about $ 1,000,of which $ 400 will come from my business savings.
Thank You.

Feedback

3

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$640.29

Date disbursed

Apr 4, 2017

Repayment status

On Time

Projected term

6 months

Lenders

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Ellen

Michigan, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

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Summary

Amount repaid

$639.36

Amount remaining

$0.00

Date repaid

Oct 1, 2017

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Apr 17, 2017 $24.84 Apr 17, 2017 $24.84
Apr 24, 2017 $24.84 Apr 26, 2017 $24.84
May 1, 2017 $24.84 May 3, 2017 $24.84
May 8, 2017 $24.84 May 8, 2017 $24.84
May 15, 2017 $24.84 May 15, 2017 $24.84
May 22, 2017 $24.84 May 22, 2017 $24.84
May 29, 2017 $24.84 May 24, 2017 $24.84
Jun 5, 2017 $24.84 Jun 5, 2017 $24.84
Jun 12, 2017 $24.84 Jun 14, 2017 $24.84
Jun 19, 2017 $24.84 Jun 21, 2017 $24.84
Jun 26, 2017 $24.84 Jun 26, 2017 $24.84
Jul 3, 2017 $24.84 Jul 4, 2017 $24.84
Jul 10, 2017 $24.84 Jul 10, 2017 $24.84
Jul 17, 2017 $24.84 Jul 18, 2017 $24.84
Jul 24, 2017 $24.84 Jul 24, 2017 $24.84
Jul 31, 2017 $24.84 Jul 31, 2017 $24.84
Aug 7, 2017 $24.84 Aug 8, 2017 $24.84
Aug 14, 2017 $24.84 Aug 14, 2017 $24.84
Aug 21, 2017 $24.84 Aug 24, 2017 $24.84
Aug 28, 2017 $24.84 Aug 28, 2017 $24.84
Sep 4, 2017 $24.84 Sep 4, 2017 $24.84
Sep 11, 2017 $24.84 Sep 6, 2017 $24.84
Sep 18, 2017 $24.84 Nov 6, 2017 $24.84
Sep 25, 2017 $24.84 Nov 6, 2017 $24.84
Oct 2, 2017 $24.84 Nov 6, 2017 $24.84
Oct 9, 2017 $7.17 Nov 6, 2017 $7.17
Oct 16, 2017 $11.20 Nov 6, 2017 $11.20

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