New overlock machine

Yvonne

Amalemba, Kenya

100% repaid

Entrepreneur

Name

Yvonne

Member since

May 2015

On-time repayments

12 installments  •  50%

About Me

I am Yvonne Wangira. I was born and raised in kakamega county in western kenya. I went to kakamega priamary I passed well and proceeded to Mukumu girls where i sat for my secondary education. I completed my secondary school passed well but had no money to join college since my parents could not afford. I have three siblings one brother and two sisters and I am the first born.
After completing secondary education my late father suffered from stroke and most of the family resours was used to get him unfortunately he passed on.since he was the sole bread winner the future looked bleak. my siblings had to drop from school since there was no money to keep them in school. I decided to do anything possible to help my family, I borrowed $70 from a friend and used the money to train in cloth making and design at my mum friends tailoring shop in kakamega town.After completing my training due to my hard work and excellent work the school retained me to train others. with $50 salary ,atleast I could help my family put food on the table. After six months with $150 saving and $200 loan from a friend I decided to open my own shop. the shop is doing well and I have been able to send one of my sibling sister back to school.
I drawing and designing just to try and be more innovative and come up with unique designs.

My Business

I run a tailoring shop in kakamega town,the business deals with repairs of cloths,designing and making both casual wear and office wear for both ladies and gentlemen. My greatest secret to getting clients and retaining them is honest,quality work and timely delivery. I work up to late night just to ensure I meet my clients needs and make them happy.
I choose these business because I liked designing and coming up with new things .It was also a profitable business idea.
I spend about $170 a month for rent,and electricity ,machine maintenance and labour.my monthly revenue is $380.I make an average of $210 in profit per month.
I use the profits to support my family through purchase of food and paying fees for my sibling.

Loan Proposal

dear lenders ,I take these opportunity to ask you to help me raise my loan so that I am able to buy an overclock machine. I had borrowed an overclock machine from a friend and since hers was stolen she took it and I have no alternative but hire when I need to use it. these has increased my operations cost for the past one week. I have managed to save $60 towards these purchase and will use the loan money to add so that I can get these vital equipment.thank you

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

May 25, 2015

Repayment status

On Time

Projected term

6 weeks

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Summary

Amount repaid

$99.61

Amount remaining

$0.00

Date repaid

Jul 9, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jun 7, 2015 $16.60 Jun 14, 2015 $16.60
Jun 14, 2015 $16.60 Jun 14, 2015 $16.60
Jun 21, 2015 $16.60 Jun 14, 2015 $1.01
Jun 29, 2015 $15.59
Jun 28, 2015 $16.60 Jun 29, 2015 $1.31
Jul 9, 2015 $15.29
Jul 5, 2015 $16.60 Jul 9, 2015 $16.60
Jul 12, 2015 $16.61 Jul 9, 2015 $16.61

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