Stock for my printing and clothing business

Mwongeli

Machakos, Kenya

100% repaid

Entrepreneur

Name

Mwongeli

Member since

August 2017

On-time repayments

31 installments  •  55%

About Me

my name is mwongeli kivanga .am the seventh born of nine,
my name means addition in our local language .i grew up in a culture of competition where education is valued both as major a transition of life and a tool of empowerment.
in ups and downs of the family bringing,my parents have managed to make me attain q diploma in cooperative management and from my own initiative i have q diploma in business management and q certificate in entrepreneurship.
i believed that these tools will sharpen my passion and career,i began my clothing business after school.

My Business

my business entails clothing,printing and photocopy services. i began the business with the savings i had accumulated while in school.The operation cost is $60 that is rent,transport,and internet supply .the net profit is $150-$200.depending on customer turn up since it's a growing business the profits are used to for keep up and ploughed back in form of stock.till a desired level of income is attained.

Loan Proposal

when given this loan i plan to buy printing papers worth $400 and add epson ink worth $200
i believe that it is an opportunity to start at the production level where i will be abe to supply to my customers with a 2% discount to stimulate demand and enhance my growth strategy.
i am expecting a 5% profit

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$66.00

Date disbursed

Jul 30, 2018

Repayment status

On Time

Projected term

2 weeks

Lenders

dcorbetta

Carate Brianza, Italy

Stefano Bertolo

Luxembourg, Luxembourg

MrMichigander

Marquette, United States

Marcus

Germany

R

RM

Australia

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Summary

Amount repaid

$66.38

Amount remaining

$0.00

Date repaid

Aug 30, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Aug 11, 2018 $33.19 Jul 16, 2018 $0.99
Jul 17, 2018 $4.93
Jul 18, 2018 $0.99
Jul 31, 2018 $4.93
Aug 13, 2018 $9.85
Aug 18, 2018 $7.39
Aug 25, 2018 $4.12
Aug 18, 2018 $33.19 Aug 25, 2018 $25.44
Aug 28, 2018 $2.96
Aug 29, 2018 $3.94
Aug 30, 2018 $0.85

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