Sim cards for my mission to collect january fees for my degr
Lucy
Marmanet, Kenya
26% repaid
Entrepreneur
Name
Lucy
Member since
April 2015
On-time repayments
205 installments • 21%
About Me
I am Lucy wanjiku. I have been operating an enterprise dealing with new clothes for about one year and eight months now which has been helping me sustain myself and cater for a degree of business administration that i am undertaking as well as increasing my inventory.
I started this business through my savings. I had been employed in other enterprises and this enabled me to gain skills and save an adequate capital to start my business which is progressing very well in terms of returns. I have also started another activity of selling sim cards to safaricom retailers at a good bargain. This business is making me visit places that I never knew. I therefore seeing it as both an adventure and a business. Am really glad that I was introduced to this business by a friend. So far it have not disappointed me
Apart from business, I am that ever jolly lady with a new mind who takes nothing for granted. I am working hard to expanding my business to a larger scale as well a enriching my skills and knowledge in business administration.
My Business
I deal with new clothes. I buy from bigger markets and sell at a profit.I specialize mostly on youth clothes.This is so because my business is located near the university where I have my store.The youths are also the majority making demand for fashionable clothes to be always very high and as a result we always have frequent sales.
Though i am a part time manager in my business ,this does not give me much problem because i spend very less hours in a day for my studies. At times ,i even have no classes for about 4 days in a week making me have as much time as I need.
I also have an assistant who helps me in the operations when I am in class .This makes it possible to operate the business from 8.00am to 6.00pm.
When I spend like $30 to buy stock , the returns I get is about $60 within 1-2months .After deducting all expenses, I get a net profit of like $20 each month. This money helps me pay my school fees and also increase my inventory to achieving a large scale enterprise.On vacations my business don't do so well because my market target is students who go home during vacations. This has made me come up with another business activity of selling safaricom lines to retailers on wholesale. I sim card goes at around $0.25 which I sell not less than $0.5.this is giving me good bargain because in a good market you can have a profit of around $20 or $15 , poor markets I can make $5 but it's still worth it. This the business that enables me to adventure with gains since I visit regions from regions.my glad for my businesses completes me. Am ever busy, whether on vacation or at school.
Loan Proposal
First am thanking zidisha family for the great support they have accorded me in my first loan . Now that I completed paying it, I am kindly requesting for their support in funding my second loan .I want to use this second loan in increasing stock for my safaricom sim card business which I have been doing for two months now while am on vacation. I do buy the simcards from safari com dealers and sell them in wholesale to safaricom agents. This means that I move from place to place visiting all the mpesa s around . I want to buy 5 boxes of lines which comprises of 100 simcards in each box. This will spend ksh 15000 of the loan since one box goes @ around ksh 2500-3000 , I will use sh 2000 in buying replacement lines amounting to 1000 pieces .The remaining ksh 2000 will help me access markets by using it as transport. I am getting a good gain from this because 1 simcards I get at around ksh 25 which I sell from ksh 40-60.on good markets I do make sales of not less 150 simcards .This means that I get around an equal amount of money that I spend in purchasing as my profit. I want to increase stock so that I can save the money am using on ordering or even getting those lines like fare and delivery fees. The mission of this business is to collect enough money that will help me pay my tuition fee which will be due from January 25th 2016.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$180.00
Date disbursed
Dec 29, 2015
Repayment status
Late
Projected term
40 months
Other loans
Lenders
United States
Sweden
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Summary
Amount repaid
$48.67
Amount remaining
$140.54
Expected completion
May 13, 2019
Status
Repaying late
Installment amount
$1.00
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 11, 2016 | $5.00 | Jan 11, 2016 | $5.00 |
| Jan 18, 2016 | $5.00 | Jan 19, 2016 | $5.00 |
| Jan 25, 2016 | $5.00 | Jan 19, 2016 | $0.20 |
| Jan 26, 2016 | $4.80 | ||
| Feb 1, 2016 | $5.00 | Jan 26, 2016 | $0.20 |
| Feb 11, 2016 | $4.80 | ||
| Feb 8, 2016 | $0.14 | Feb 11, 2016 | $0.14 |
| Feb 15, 2016 | $0.00 | ||
| Feb 22, 2016 | $2.00 | Feb 27, 2016 | $2.00 |
| Feb 29, 2016 | $2.00 | Mar 14, 2016 | $2.00 |
| Mar 7, 2016 | $2.00 | Mar 14, 2016 | $2.00 |
| Mar 14, 2016 | $0.00 | ||
| Mar 21, 2016 | $0.00 | ||
| Mar 28, 2016 | $1.00 | Mar 28, 2016 | $1.00 |
| Apr 4, 2016 | $1.00 | Mar 28, 2016 | $0.03 |
| Apr 18, 2016 | $0.97 | ||
| Apr 11, 2016 | $1.00 | Apr 18, 2016 | $1.00 |
| Apr 18, 2016 | $1.00 | Apr 18, 2016 | $1.00 |
| Apr 25, 2016 | $1.00 | Apr 18, 2016 | $0.03 |
| Jun 20, 2016 | $0.97 | ||
| May 2, 2016 | $1.00 | Jun 20, 2016 | $1.00 |
| May 9, 2016 | $1.00 | Jun 20, 2016 | $1.00 |
| May 16, 2016 | $1.00 | Jun 20, 2016 | $0.03 |
| Jul 13, 2016 | $0.97 | ||
| May 23, 2016 | $1.00 | Jul 13, 2016 | $1.00 |
| May 30, 2016 | $1.00 | Jul 13, 2016 | $1.00 |
| Jun 6, 2016 | $1.00 | Jul 13, 2016 | $1.00 |
| Jun 13, 2016 | $1.00 | Jul 13, 2016 | $1.00 |
| Jun 20, 2016 | $1.00 | Jul 13, 2016 | $1.00 |
| Jun 27, 2016 | $1.00 | Jul 13, 2016 | $0.03 |
| Aug 4, 2016 | $0.97 | ||
| Jul 4, 2016 | $1.00 | Aug 4, 2016 | $1.00 |
| Jul 11, 2016 | $1.00 | Aug 4, 2016 | $0.53 |
| Sep 6, 2016 | $0.47 | ||
| Jul 18, 2016 | $1.00 | Sep 6, 2016 | $1.00 |
| Jul 25, 2016 | $1.00 | Sep 6, 2016 | $1.00 |
| Aug 1, 2016 | $1.00 | Sep 6, 2016 | $1.00 |
| Aug 8, 2016 | $1.00 | Sep 6, 2016 | $1.00 |
| Aug 15, 2016 | $1.00 | Sep 6, 2016 | $0.53 |
| Sep 20, 2016 | $0.47 | ||
| Aug 22, 2016 | $1.00 | Sep 20, 2016 | $1.00 |
| Aug 29, 2016 | $1.00 | Sep 20, 2016 | $0.53 |
| Sep 5, 2016 | $1.00 | ||
| Sep 12, 2016 | $1.00 | ||
| Sep 19, 2016 | $1.00 | ||
| Sep 26, 2016 | $1.00 | ||
| Oct 3, 2016 | $1.00 | ||
| Oct 10, 2016 | $1.00 | ||
| Oct 17, 2016 | $1.00 | ||
| Oct 24, 2016 | $1.00 | ||
| Oct 31, 2016 | $1.00 | ||
| Nov 7, 2016 | $1.00 | ||
| Nov 14, 2016 | $1.00 | ||
| Nov 21, 2016 | $1.00 | ||
| Nov 28, 2016 | $1.00 | ||
| Dec 5, 2016 | $1.00 | ||
| Dec 12, 2016 | $1.00 | ||
| Dec 19, 2016 | $1.00 | ||
| Dec 26, 2016 | $1.00 | ||
| Jan 2, 2017 | $1.00 | ||
| Jan 9, 2017 | $1.00 | ||
| Jan 16, 2017 | $1.00 | ||
| Jan 23, 2017 | $1.00 | ||
| Jan 30, 2017 | $1.00 | ||
| Feb 6, 2017 | $1.00 | ||
| Feb 13, 2017 | $1.00 | ||
| Feb 20, 2017 | $1.00 | ||
| Feb 27, 2017 | $1.00 | ||
| Mar 6, 2017 | $1.00 | ||
| Mar 13, 2017 | $1.00 | ||
| Mar 20, 2017 | $1.00 | ||
| Mar 27, 2017 | $1.00 | ||
| Apr 3, 2017 | $1.00 | ||
| Apr 10, 2017 | $1.00 | ||
| Apr 17, 2017 | $1.00 | ||
| Apr 24, 2017 | $1.00 | ||
| May 1, 2017 | $1.00 | ||
| May 8, 2017 | $1.00 | ||
| May 15, 2017 | $1.00 | ||
| May 22, 2017 | $1.00 | ||
| May 29, 2017 | $1.00 | ||
| Jun 5, 2017 | $1.00 | ||
| Jun 12, 2017 | $1.00 | ||
| Jun 19, 2017 | $1.00 | ||
| Jun 26, 2017 | $1.00 | ||
| Jul 3, 2017 | $1.00 | ||
| Jul 10, 2017 | $1.00 | ||
| Jul 17, 2017 | $1.00 | ||
| Jul 24, 2017 | $1.00 | ||
| Jul 31, 2017 | $1.00 | ||
| Aug 7, 2017 | $1.00 | ||
| Aug 14, 2017 | $1.00 | ||
| Aug 21, 2017 | $1.00 | ||
| Aug 28, 2017 | $1.00 | ||
| Sep 4, 2017 | $1.00 | ||
| Sep 11, 2017 | $1.00 | ||
| Sep 18, 2017 | $1.00 | ||
| Sep 25, 2017 | $1.00 | ||
| Oct 2, 2017 | $1.00 | ||
| Oct 9, 2017 | $1.00 | ||
| Oct 16, 2017 | $1.00 | ||
| Oct 23, 2017 | $1.00 | ||
| Oct 30, 2017 | $1.00 | ||
| Nov 6, 2017 | $1.00 | ||
| Nov 13, 2017 | $1.00 | ||
| Nov 20, 2017 | $1.00 | ||
| Nov 27, 2017 | $1.00 | ||
| Dec 4, 2017 | $1.00 | ||
| Dec 11, 2017 | $1.00 | ||
| Dec 18, 2017 | $1.00 | ||
| Dec 25, 2017 | $1.00 | ||
| Jan 1, 2018 | $1.00 | ||
| Jan 8, 2018 | $1.00 | ||
| Jan 15, 2018 | $1.00 | ||
| Jan 22, 2018 | $1.00 | ||
| Jan 29, 2018 | $1.00 | ||
| Feb 5, 2018 | $1.00 | ||
| Feb 12, 2018 | $1.00 | ||
| Feb 19, 2018 | $1.00 | ||
| Feb 26, 2018 | $1.00 | ||
| Mar 5, 2018 | $1.00 | ||
| Mar 12, 2018 | $1.00 | ||
| Mar 19, 2018 | $1.00 | ||
| Mar 26, 2018 | $1.00 | ||
| Apr 2, 2018 | $1.00 | ||
| Apr 9, 2018 | $1.00 | ||
| Apr 16, 2018 | $1.00 | ||
| Apr 23, 2018 | $1.00 | ||
| Apr 30, 2018 | $1.00 | ||
| May 7, 2018 | $1.00 | ||
| May 14, 2018 | $1.00 | ||
| May 21, 2018 | $1.00 | ||
| May 28, 2018 | $1.00 | ||
| Jun 4, 2018 | $1.00 | ||
| Jun 11, 2018 | $1.00 | ||
| Jun 18, 2018 | $1.00 | ||
| Jun 25, 2018 | $1.00 | ||
| Jul 2, 2018 | $1.00 | ||
| Jul 9, 2018 | $1.00 | ||
| Jul 16, 2018 | $1.00 | ||
| Jul 23, 2018 | $1.00 | ||
| Jul 30, 2018 | $1.00 | ||
| Aug 6, 2018 | $1.00 | ||
| Aug 13, 2018 | $1.00 | ||
| Aug 20, 2018 | $1.00 | ||
| Aug 27, 2018 | $1.00 | ||
| Sep 3, 2018 | $1.00 | ||
| Sep 10, 2018 | $1.00 | ||
| Sep 17, 2018 | $1.00 | ||
| Sep 24, 2018 | $1.00 | ||
| Oct 1, 2018 | $1.00 | ||
| Oct 8, 2018 | $1.00 | ||
| Oct 15, 2018 | $1.00 | ||
| Oct 22, 2018 | $1.00 | ||
| Oct 29, 2018 | $1.00 | ||
| Nov 5, 2018 | $1.00 | ||
| Nov 12, 2018 | $1.00 | ||
| Nov 19, 2018 | $1.00 | ||
| Nov 26, 2018 | $1.00 | ||
| Dec 3, 2018 | $1.00 | ||
| Dec 10, 2018 | $1.00 | ||
| Dec 17, 2018 | $1.00 | ||
| Dec 24, 2018 | $1.00 | ||
| Dec 31, 2018 | $1.00 | ||
| Jan 7, 2019 | $1.00 | ||
| Jan 14, 2019 | $1.00 | ||
| Jan 21, 2019 | $1.00 | ||
| Jan 28, 2019 | $1.00 | ||
| Feb 4, 2019 | $1.00 | ||
| Feb 11, 2019 | $1.00 | ||
| Feb 18, 2019 | $1.00 | ||
| Feb 25, 2019 | $1.00 | ||
| Mar 4, 2019 | $1.00 | ||
| Mar 11, 2019 | $1.00 | ||
| Mar 18, 2019 | $1.00 | ||
| Mar 25, 2019 | $1.00 | ||
| Apr 1, 2019 | $1.00 | ||
| Apr 8, 2019 | $1.00 | ||
| Apr 15, 2019 | $1.00 | ||
| Apr 22, 2019 | $1.00 | ||
| Apr 29, 2019 | $1.00 | ||
| May 6, 2019 | $1.00 | ||
| May 13, 2019 | $0.07 | ||
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