Loan to Expand My Clothing Sales Business
Nicholas
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Nicholas
Member since
August 2015
On-time repayments
95 installments • 66%
About Me
I was born in a village called kathigu,i started my schooling in kathigu primary school where i completed my kcpe, i went to igoji boys secondary school where i completed my form four.I went and studied to be an electrician.i have overcome many challeges in life but ocercame them all through determanation and will to become a better person.i started a small business of selling clothes after searching for a job for a long time.My culture is so interesting because we believe in elders blessings inorder to be successful in life.my hobby is watching fashion programmes.they give me an idea of how i can improve myself.
My Business
I sell second hand clothes.These clothes are very usefull and on demand since they are much cheaper and last long. i choose this kind of business because second hand clothes are bought faster than new clothes.My typical cost is 15000 kes and i pay 1200
kes for my licence every year.I make alot of profit and i use the profit to pay my workers and take care of my family.
Loan Proposal
i will use the money to expand my business.i will work hard and grow inorder to open another businesses.i will create more jobs by employing many people without jobs.i will also use my loan to expand my business by selling some shoes and cosmetics.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Sep 9, 2015
Repayment status
On Time
Projected term
3 months
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Summary
Amount repaid
$104.50
Amount remaining
$0.00
Date repaid
Jan 4, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 20, 2015 | $19.00 | Sep 19, 2015 | $19.00 |
| Sep 27, 2015 | $5.00 | Sep 27, 2015 | $5.00 |
| Oct 4, 2015 | $5.00 | Oct 4, 2015 | $5.00 |
| Oct 11, 2015 | $5.00 | Oct 11, 2015 | $5.00 |
| Oct 18, 2015 | $5.00 | Oct 18, 2015 | $5.00 |
| Oct 25, 2015 | $5.00 | Oct 25, 2015 | $5.00 |
| Nov 1, 2015 | $5.00 | Nov 1, 2015 | $5.00 |
| Nov 8, 2015 | $5.00 | Nov 8, 2015 | $5.00 |
| Nov 15, 2015 | $5.00 | Nov 14, 2015 | $5.00 |
| Nov 22, 2015 | $5.00 | Nov 21, 2015 | $5.00 |
| Nov 29, 2015 | $5.00 | Nov 29, 2015 | $5.00 |
| Dec 6, 2015 | $5.00 | Dec 6, 2015 | $5.00 |
| Dec 13, 2015 | $10.00 | Dec 13, 2015 | $10.00 |
| Dec 20, 2015 | $4.50 | Dec 20, 2015 | $4.50 |
| Dec 27, 2015 | $4.50 | Dec 26, 2015 | $4.50 |
| Jan 3, 2016 | $4.50 | Jan 3, 2016 | $4.50 |
| Jan 10, 2016 | $7.00 | Jan 4, 2016 | $7.00 |
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