Name
Justin
Member since
September 2014
On-time repayments
161 installments • 37%
I am the first born in a family of seven, an accountant at Bidii Investments, and a clothing business owner.
Growing up in a family of seven inspired me to work hard in order to help in supporting the family. As a child, I always dreamt of owning a business. Achieving this dream was not easy, but through personal savings I was able to set up a clothing business.
My hobbies include reading newspapers, magazines, and novels, and also socializing.
My business entails selling new clothes at retail prices after acquiring them in bulk from wholesalers. Even though over the years there has been influx of secondhand clothes in the market, many people still prefer buying new clothes.
I chose to venture into this business due to a gap which existed as a result of a lack of businesses similar to mine in the business locality.
My typical costs include:
rent -$67
employees wages- $78
transport cost- $56
water and electricity bill- $22
revenue-$222.2
Most of the profits the business generates are usually re-invested into the business.
With this loan i will increase my clothes stock from $670 to$679.
This will help in acquisition of new clothes currently fashionable.
This will further boost my profit margin by 9% to a tune of $242.1 from $222.2.
Am a first born in a family of seven, an accountant at Bidii investments and a clothing business owner.
Growing up in a family of seven inspired me to work hard in order to help in supporting the family.
As a child i always dreamt of owning a business, achieving this dream was not easy but through personal savings i was able to set up a clothing business.
My hobbies include reading newspapers, magazines , novels and also socializing.
My business entails selling new clothes at retail prices, after acquiring them in bulk from wholesalers.
Even though over the years there has been influx of second clothes in the market, many people still prefer buying new clothes.
I chose to venture into this business due to a gap which existed as a result of lack businesses similar to mine in the business locality.
My typical costs include: rent -$67
employees wages- $78
transport cost- $56
water and electricity bill- $22
revenue-$322.2
Most of the profits the business generates are usually re invested into the business.
With this loan i will increase my clothes stock from $670 to$679.
This will help in acquisition of new clothes currently fashionable.
This will further boost my profit margin by 9% to a tune of $242.1 from $222.2.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 11, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Amount repaid
$105.35
Amount remaining
$0.00
Date repaid
Jul 15, 2015
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Mar 22, 2015 | $5.54 | Mar 22, 2015 | $5.54 |
Mar 29, 2015 | $5.54 | Mar 29, 2015 | $5.54 |
Apr 5, 2015 | $5.54 | Mar 29, 2015 | $0.03 |
Apr 5, 2015 | $5.51 | ||
Apr 12, 2015 | $5.54 | Apr 5, 2015 | $0.26 |
Apr 12, 2015 | $5.27 | ||
Apr 19, 2015 | $5.54 | Apr 12, 2015 | $0.53 |
Apr 20, 2015 | $5.01 | ||
Apr 26, 2015 | $5.54 | Apr 20, 2015 | $0.24 |
Apr 26, 2015 | $5.30 | ||
May 3, 2015 | $5.54 | Apr 26, 2015 | $0.20 |
May 5, 2015 | $5.34 | ||
May 10, 2015 | $5.54 | May 5, 2015 | $0.05 |
May 10, 2015 | $5.48 | ||
May 17, 2015 | $5.54 | May 10, 2015 | $0.01 |
May 17, 2015 | $5.53 | ||
May 24, 2015 | $5.54 | May 17, 2015 | $0.08 |
May 30, 2015 | $5.46 | ||
May 31, 2015 | $5.54 | May 30, 2015 | $0.32 |
Jun 6, 2015 | $5.22 | ||
Jun 7, 2015 | $5.54 | Jun 6, 2015 | $0.27 |
Jun 15, 2015 | $5.26 | ||
Jun 14, 2015 | $5.54 | Jun 15, 2015 | $5.54 |
Jun 21, 2015 | $5.54 | Jun 15, 2015 | $0.22 |
Jul 2, 2015 | $5.32 | ||
Jun 28, 2015 | $5.54 | Jul 2, 2015 | $1.03 |
Jul 5, 2015 | $4.51 | ||
Jul 5, 2015 | $5.54 | Jul 5, 2015 | $5.54 |
Jul 12, 2015 | $5.54 | Jul 5, 2015 | $5.54 |
Jul 19, 2015 | $5.54 | Jul 5, 2015 | $4.32 |
Jul 15, 2015 | $1.22 | ||
Jul 26, 2015 | $5.66 | Jul 15, 2015 | $5.66 |
Ask Justin a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.