New stock for my mutumba clothes business

Arnold

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Arnold

Member since

October 2016

On-time repayments

37 installments  •  11%

About Me

i was born in apoor backgaround where my parents hustled day by day for our upkeep i am the second born in a family of seven siblings.i personally am afour four graduate;after graduating from my form four i entered in the street and started hustling hard .i would wake up early in the morning and go on mjengo job..i would help feed my family with a few coins i earned and saved the rest..what is saved from that time i used them to start the mutumba clothes business

My Business

i started my business almost one year ago .i choose this type of business because it cheap to start and the second hand clothes fetch a faster market expecially to the youths.with a typical cost of five thousand you can start your business,on a good day i can earn up to a profit of 1000-1500.the profit i get i reinvest some in the business and the rest i help the family members on the upkeep

Loan Proposal

i will go to gikomba and purchase mutumba clothes which one pieces varies from 20,40,60 depending on the quality of the piece.this will enable me earn a living as well as to pay tax to the country.it will also create market to those who bring the mutumba clothes in gikomba..it might increase my profit from 500 to1000 or 1500 on all days.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$6.00

Date disbursed

Nov 2, 2016

Repayment status

On Time

Projected term

6 weeks

Lenders

terveer

Netherlands

Lex Moen

Netherlands

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Summary

Amount repaid

$6.00

Amount remaining

$0.00

Date repaid

Sep 8, 2022

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Nov 13, 2016 $1.01 Nov 12, 2016 $1.01
Nov 20, 2016 $1.01 Sep 8, 2022 $1.01
Nov 27, 2016 $1.01 Sep 8, 2022 $1.01
Dec 4, 2016 $1.01 Sep 8, 2022 $1.01
Dec 11, 2016 $1.01 Sep 8, 2022 $1.01
Dec 18, 2016 $0.97 Sep 8, 2022 $0.97

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