Working capital for my slim-fit suit clothing shop
Kipkoech
Embakasi, Kenya
100% repaid
Entrepreneur
Name
Kipkoech
Member since
May 2014
On-time repayments
164 installments • 52%
About Me
My name is Muttai Kipkoech and I live in Embakasi, Nairobi. My hometown is Eldoret, Kenya. I am married with two children. My career course is Tours and Travel Management. I also have a passion for foreign languages and can speak French. Currently, I am the Managing Director of The Big Five Adventure Safaris. I worked as a Tour Consultant at a tour company in Nairobi for a year before I decided to start my own tour company. I have always believed that I could do much more self-employed rather than employed. This way I hope to eventually help others through employment opportunities! Someone once said; ‘You will never be rich working for someone else!’ Thus the reason I quit my job to start my own company and do business.
My Business
I am venturing into the business of clothing. My business, Tracque Suits, will specialize in men's fashion, particularly slim-fit suits. I have done a market research in my home-town Eldoret and realized that a few clothing shops specialize in men's slim-fit suits which are now fashionable and in demand as they are the preferred official dressing during functions like weddings. I therefore see a business opportunity in selling men's slim-fit suits and accessories since I will buy them at a wholesale price in Nairobi and sell them at retail price in Eldoret at a profit. The initial costs are the starting capital to buy the stock and pay rent. I intend to use the profits to reinvest and grow my clothing business.
Loan Proposal
I will use the loan to buy 10 pairs of men's slim-fit suits at around $20 each which I will then sell at $30 per pair making a profit of approximately $10 per pair. I will use the profits to restock the slim-fit suits and grow my business.
Feedback
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$251.00
Date disbursed
Jun 13, 2015
Repayment status
Late
Projected term
27 months
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Summary
Amount repaid
$264.27
Amount remaining
$0.00
Date repaid
Jun 8, 2022
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 21, 2015 | $18.87 | Jun 23, 2015 | $18.87 |
| Jun 28, 2015 | $2.11 | Jun 28, 2015 | $2.11 |
| Jul 5, 2015 | $2.11 | Jul 12, 2015 | $2.11 |
| Jul 12, 2015 | $2.11 | Jul 12, 2015 | $2.11 |
| Jul 19, 2015 | $2.11 | Jul 12, 2015 | $2.11 |
| Jul 26, 2015 | $2.11 | Jul 26, 2015 | $2.11 |
| Aug 2, 2015 | $2.11 | Aug 1, 2015 | $2.11 |
| Aug 9, 2015 | $2.11 | Aug 9, 2015 | $2.11 |
| Aug 16, 2015 | $2.11 | Aug 22, 2015 | $2.11 |
| Aug 23, 2015 | $2.11 | Aug 22, 2015 | $2.11 |
| Aug 30, 2015 | $2.11 | Aug 22, 2015 | $2.11 |
| Sep 6, 2015 | $2.11 | Aug 22, 2015 | $2.11 |
| Sep 13, 2015 | $2.11 | Aug 22, 2015 | $2.11 |
| Sep 20, 2015 | $2.11 | Oct 3, 2015 | $2.11 |
| Sep 27, 2015 | $2.11 | Oct 3, 2015 | $2.11 |
| Oct 4, 2015 | $2.11 | Oct 21, 2015 | $2.11 |
| Oct 11, 2015 | $2.11 | Oct 21, 2015 | $2.11 |
| Oct 18, 2015 | $2.11 | Oct 21, 2015 | $2.11 |
| Oct 25, 2015 | $2.11 | Oct 21, 2015 | $2.11 |
| Nov 1, 2015 | $2.11 | Oct 21, 2015 | $2.11 |
| Nov 8, 2015 | $2.11 | Nov 24, 2015 | $2.11 |
| Nov 15, 2015 | $2.11 | Nov 24, 2015 | $2.11 |
| Nov 22, 2015 | $2.11 | Nov 24, 2015 | $2.11 |
| Nov 29, 2015 | $2.11 | Nov 24, 2015 | $2.11 |
| Dec 6, 2015 | $2.11 | Nov 24, 2015 | $2.11 |
| Dec 13, 2015 | $2.11 | Dec 28, 2015 | $2.11 |
| Dec 20, 2015 | $2.11 | Dec 28, 2015 | $2.11 |
| Dec 27, 2015 | $2.11 | Dec 28, 2015 | $2.11 |
| Jan 3, 2016 | $2.11 | Dec 28, 2015 | $2.11 |
| Jan 10, 2016 | $2.11 | Jan 22, 2016 | $2.11 |
| Jan 17, 2016 | $2.11 | Jan 22, 2016 | $2.11 |
| Jan 24, 2016 | $2.11 | Feb 17, 2016 | $2.11 |
| Jan 31, 2016 | $2.11 | Feb 17, 2016 | $2.11 |
| Feb 7, 2016 | $2.11 | Feb 17, 2016 | $2.11 |
| Feb 14, 2016 | $2.11 | Feb 17, 2016 | $2.11 |
| Feb 21, 2016 | $2.11 | Feb 17, 2016 | $2.11 |
| Feb 28, 2016 | $2.11 | Mar 5, 2016 | $2.11 |
| Mar 6, 2016 | $2.11 | Mar 5, 2016 | $2.11 |
| Mar 13, 2016 | $2.11 | Mar 5, 2016 | $2.11 |
| Mar 20, 2016 | $2.11 | Mar 5, 2016 | $2.11 |
| Mar 27, 2016 | $2.11 | Mar 5, 2016 | $2.11 |
| Apr 3, 2016 | $2.11 | Apr 6, 2016 | $2.11 |
| Apr 10, 2016 | $2.11 | Apr 6, 2016 | $2.11 |
| Apr 17, 2016 | $2.11 | Jul 4, 2016 | $2.11 |
| Apr 24, 2016 | $2.11 | Jul 4, 2016 | $2.11 |
| May 1, 2016 | $2.11 | Jul 4, 2016 | $2.11 |
| May 8, 2016 | $2.11 | Jul 4, 2016 | $2.11 |
| May 15, 2016 | $2.11 | Jul 4, 2016 | $2.11 |
| May 22, 2016 | $2.11 | Jul 4, 2016 | $2.11 |
| May 29, 2016 | $2.11 | Jul 4, 2016 | $2.11 |
| Jun 5, 2016 | $2.11 | Jul 4, 2016 | $2.11 |
| Jun 12, 2016 | $2.11 | Jul 4, 2016 | $2.11 |
| Jun 19, 2016 | $2.11 | Jul 4, 2016 | $2.11 |
| Jun 26, 2016 | $2.11 | Jul 4, 2016 | $2.11 |
| Jul 3, 2016 | $2.11 | Aug 10, 2016 | $2.11 |
| Jul 10, 2016 | $2.11 | Aug 10, 2016 | $2.11 |
| Jul 17, 2016 | $2.11 | Aug 10, 2016 | $2.11 |
| Jul 24, 2016 | $2.11 | Aug 10, 2016 | $2.11 |
| Jul 31, 2016 | $2.11 | Aug 10, 2016 | $2.11 |
| Aug 7, 2016 | $2.11 | Aug 10, 2016 | $2.11 |
| Aug 14, 2016 | $2.11 | Aug 21, 2016 | $2.11 |
| Aug 21, 2016 | $2.11 | Aug 21, 2016 | $2.11 |
| Aug 28, 2016 | $2.11 | Oct 2, 2016 | $2.11 |
| Sep 4, 2016 | $2.11 | Oct 2, 2016 | $2.11 |
| Sep 11, 2016 | $2.11 | Oct 2, 2016 | $2.11 |
| Sep 18, 2016 | $2.11 | Oct 2, 2016 | $2.11 |
| Sep 25, 2016 | $2.11 | Oct 2, 2016 | $2.11 |
| Oct 2, 2016 | $2.11 | Oct 2, 2016 | $2.11 |
| Oct 9, 2016 | $2.11 | Dec 20, 2018 | $2.11 |
| Oct 16, 2016 | $2.11 | Dec 20, 2018 | $2.11 |
| Oct 23, 2016 | $2.11 | Dec 20, 2018 | $0.14 |
| Dec 28, 2018 | $1.97 | ||
| Oct 30, 2016 | $2.11 | Dec 28, 2018 | $0.14 |
| Feb 15, 2019 | $1.97 | ||
| Nov 6, 2016 | $2.11 | Feb 15, 2019 | $2.11 |
| Nov 13, 2016 | $2.11 | Feb 15, 2019 | $0.14 |
| Oct 6, 2021 | $1.97 | ||
| Nov 20, 2016 | $2.11 | Oct 6, 2021 | $2.11 |
| Nov 27, 2016 | $2.11 | Oct 6, 2021 | $2.11 |
| Dec 4, 2016 | $2.11 | Oct 6, 2021 | $2.11 |
| Dec 11, 2016 | $2.11 | Oct 6, 2021 | $1.19 |
| Nov 4, 2021 | $0.92 | ||
| Dec 18, 2016 | $2.11 | Nov 4, 2021 | $2.11 |
| Dec 25, 2016 | $2.11 | Nov 4, 2021 | $2.11 |
| Jan 1, 2017 | $2.11 | Nov 4, 2021 | $2.11 |
| Jan 8, 2017 | $2.11 | Nov 4, 2021 | $2.11 |
| Jan 15, 2017 | $2.11 | Nov 4, 2021 | $1.19 |
| Nov 10, 2021 | $0.92 | ||
| Jan 22, 2017 | $2.11 | Nov 10, 2021 | $2.11 |
| Jan 29, 2017 | $2.11 | Nov 10, 2021 | $2.11 |
| Feb 5, 2017 | $2.11 | Nov 10, 2021 | $2.11 |
| Feb 12, 2017 | $2.11 | Nov 10, 2021 | $2.11 |
| Feb 19, 2017 | $2.11 | Nov 10, 2021 | $2.11 |
| Feb 26, 2017 | $2.11 | Nov 10, 2021 | $2.11 |
| Mar 5, 2017 | $2.11 | Nov 10, 2021 | $2.11 |
| Mar 12, 2017 | $2.11 | Nov 10, 2021 | $2.11 |
| Mar 19, 2017 | $2.11 | Nov 10, 2021 | $2.11 |
| Mar 26, 2017 | $2.11 | Nov 10, 2021 | $1.19 |
| May 8, 2022 | $0.92 | ||
| Apr 2, 2017 | $2.11 | May 8, 2022 | $2.11 |
| Apr 9, 2017 | $2.11 | May 8, 2022 | $2.11 |
| Apr 16, 2017 | $2.11 | May 8, 2022 | $2.11 |
| Apr 23, 2017 | $2.11 | May 8, 2022 | $2.11 |
| Apr 30, 2017 | $2.11 | May 8, 2022 | $2.11 |
| May 7, 2017 | $2.11 | May 8, 2022 | $2.11 |
| May 14, 2017 | $2.11 | May 8, 2022 | $2.11 |
| May 21, 2017 | $2.11 | May 8, 2022 | $2.11 |
| May 28, 2017 | $2.11 | May 8, 2022 | $2.11 |
| Jun 4, 2017 | $2.11 | May 8, 2022 | $2.11 |
| Jun 11, 2017 | $2.11 | May 8, 2022 | $2.11 |
| Jun 18, 2017 | $2.11 | May 8, 2022 | $2.11 |
| Jun 25, 2017 | $2.11 | May 8, 2022 | $0.14 |
| Jun 8, 2022 | $1.97 | ||
| Jul 2, 2017 | $2.11 | Jun 8, 2022 | $2.11 |
| Jul 9, 2017 | $2.11 | Jun 8, 2022 | $2.11 |
| Jul 16, 2017 | $2.11 | Jun 8, 2022 | $2.11 |
| Jul 23, 2017 | $2.11 | Jun 8, 2022 | $2.11 |
| Jul 30, 2017 | $2.11 | Jun 8, 2022 | $2.11 |
| Aug 6, 2017 | $2.11 | Jun 8, 2022 | $2.11 |
| Aug 13, 2017 | $2.11 | Jun 8, 2022 | $2.11 |
| Aug 20, 2017 | $2.11 | Jun 8, 2022 | $2.11 |
| Aug 27, 2017 | $2.11 | Jun 8, 2022 | $2.11 |
| Sep 3, 2017 | $2.11 | Jun 8, 2022 | $2.11 |
| Sep 10, 2017 | $2.11 | Jun 8, 2022 | $2.11 |
| Sep 17, 2017 | $1.19 | Jun 8, 2022 | $1.19 |
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