Purchasing an embroidery machine
Regina Mary
Nairobi, Kenya
34% repaid
Entrepreneur
Name
Regina Mary
Member since
January 2015
On-time repayments
289 installments • 80%
About Me
I’m the second born in a family of eight. Since my parents didn't have enough money to pay school fees for all of us, I didn't advance much in education as I was forced by the circumstances to do odd jobs to support my younger brothers and sisters. I was employed as a tea girl in a local primary school and it’s from that job that I saved some capital that helped me start my current business of selling second hand clothes. I would want to see my children grow to become successful people who shall make a difference in other people’s lives. Besides working, I love taking a nature walk, meeting new friends and reading magazines during my free time.
My Business
My business involves selling of both new and second hand clothes for women and children. Initially I started with selling the second hand clothes only, since majority of the citizens are not able to afford new clothes but still need to look decent in their outfit. Currently, I’m also selling brand new clothes, since demand for them is slowly increasing as the purchasing power of my customers increase. It’s also an open secret that women are the highest buyers of clothes, as opposed to men. In a typical day, my incomes ranges between 20$ to 30$, and I set aside 7$ each day, to cater for my running expenses like rent for the shop, transport, lunch and several other expenses. This leaves me with between 16$ to 23$ which helps me to cater for other needs like providing food for my family, paying rent for our house, paying school fees, expanding my business and also extend a hand of help to the more needy like the kids in children homes.
Loan Proposal
Hello Lenders,
In my existing shop for clothing items, i’m planning set aside a small space from where i’ll be operating the embroidery machine. This idea has been driven by rise in demand of embodied garments, e.g. school uniforms with name and logo, company uniforms with name and logo as well, table matts, curtains etc. This business will help increase my income, and consequentially expand my business. I expect my profit to rise by around
Below is a list of expenses that i’ll incur in setting up this business:
1. Embroidery machine: @ $800
2. Embroidery hoop. @ $30
3. Embroidery floss. @ $60
4. Embroidery scissors. @ $30
5. Embroidery fabric. @ $ 50
6. Crewel needle. @ $ 15
7. Milliner needle. @ $12
8. Tapestry needle. @ $15
9. Magnifier light. @ $45
10. One table for placing the machine. @ $55
11. One chair for the machine operator. @ $16
12. Operating capital for one month. @ $120
Feedback
Positive
1
Neutral
None
Negative
1
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,116.00
Date disbursed
Apr 19, 2019
Repayment status
Late
Projected term
23 months
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Summary
Amount repaid
$375.05
Amount remaining
$740.96
Expected completion
Mar 21, 2021
Status
Repaying late
Installment amount
$2.47
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 28, 2019 | $46.81 | Apr 28, 2019 | $46.81 |
| May 5, 2019 | $11.83 | May 6, 2019 | $11.83 |
| May 12, 2019 | $11.83 | May 13, 2019 | $11.83 |
| May 19, 2019 | $11.83 | May 23, 2019 | $11.83 |
| May 26, 2019 | $11.83 | May 28, 2019 | $11.83 |
| Jun 2, 2019 | $4.93 | Jun 5, 2019 | $4.93 |
| Jun 9, 2019 | $4.93 | Jun 12, 2019 | $4.93 |
| Jun 16, 2019 | $4.93 | Jun 18, 2019 | $4.93 |
| Jun 23, 2019 | $4.93 | Jun 18, 2019 | $4.93 |
| Jun 30, 2019 | $4.93 | Jun 30, 2019 | $4.93 |
| Jul 7, 2019 | $4.93 | Jul 10, 2019 | $4.93 |
| Jul 14, 2019 | $4.93 | Jul 16, 2019 | $4.93 |
| Jul 21, 2019 | $4.93 | Jul 30, 2019 | $4.93 |
| Jul 28, 2019 | $4.93 | Jul 30, 2019 | $4.93 |
| Aug 4, 2019 | $4.93 | Aug 13, 2019 | $4.93 |
| Aug 11, 2019 | $0.00 | ||
| Aug 18, 2019 | $4.93 | Aug 16, 2019 | $4.93 |
| Aug 25, 2019 | $4.93 | Aug 20, 2019 | $4.93 |
| Sep 1, 2019 | $4.93 | Sep 2, 2019 | $4.93 |
| Sep 8, 2019 | $4.93 | Sep 12, 2019 | $4.93 |
| Sep 15, 2019 | $4.93 | Sep 24, 2019 | $4.93 |
| Sep 22, 2019 | $4.93 | Oct 5, 2019 | $4.93 |
| Sep 29, 2019 | $4.93 | Oct 10, 2019 | $4.93 |
| Oct 6, 2019 | $4.93 | Oct 14, 2019 | $4.93 |
| Oct 13, 2019 | $4.93 | Oct 19, 2019 | $4.93 |
| Oct 20, 2019 | $0.00 | ||
| Oct 27, 2019 | $4.93 | Oct 24, 2019 | $4.93 |
| Nov 3, 2019 | $4.93 | Oct 24, 2019 | $4.93 |
| Nov 10, 2019 | $4.93 | Nov 7, 2019 | $4.93 |
| Nov 17, 2019 | $4.93 | Nov 25, 2019 | $4.93 |
| Nov 24, 2019 | $4.93 | Dec 2, 2019 | $4.93 |
| Dec 1, 2019 | $4.93 | Dec 2, 2019 | $4.93 |
| Dec 8, 2019 | $4.93 | Dec 17, 2019 | $4.93 |
| Dec 15, 2019 | $0.00 | ||
| Dec 22, 2019 | $0.00 | ||
| Dec 29, 2019 | $0.00 | ||
| Jan 5, 2020 | $0.00 | ||
| Jan 12, 2020 | $0.00 | ||
| Jan 19, 2020 | $4.93 | Jan 16, 2020 | $4.93 |
| Jan 26, 2020 | $4.93 | Jan 16, 2020 | $4.93 |
| Feb 2, 2020 | $4.93 | Jan 16, 2020 | $4.93 |
| Feb 9, 2020 | $4.93 | Jan 16, 2020 | $4.93 |
| Feb 16, 2020 | $4.93 | Jan 16, 2020 | $4.93 |
| Feb 23, 2020 | $39.42 | Jan 16, 2020 | $34.49 |
| Feb 6, 2020 | $4.93 | ||
| Mar 1, 2020 | $4.93 | Apr 11, 2020 | $4.93 |
| Mar 8, 2020 | $0.00 | ||
| Mar 15, 2020 | $0.00 | ||
| Mar 22, 2020 | $0.00 | ||
| Mar 29, 2020 | $0.00 | ||
| Apr 5, 2020 | $0.00 | ||
| Apr 12, 2020 | $4.93 | Apr 16, 2020 | $4.93 |
| Apr 19, 2020 | $4.93 | May 5, 2020 | $4.93 |
| Apr 26, 2020 | $4.93 | May 5, 2020 | $4.93 |
| May 3, 2020 | $0.00 | ||
| May 10, 2020 | $4.94 | Jun 29, 2020 | $4.94 |
| May 17, 2020 | $4.92 | Jun 29, 2020 | $4.92 |
| May 24, 2020 | $0.00 | ||
| May 31, 2020 | $0.00 | ||
| Jun 7, 2020 | $0.00 | ||
| Jun 14, 2020 | $0.00 | ||
| Jun 21, 2020 | $0.00 | ||
| Jun 28, 2020 | $0.00 | ||
| Jul 5, 2020 | $4.94 | Jul 4, 2020 | $4.94 |
| Jul 12, 2020 | $4.94 | Jul 10, 2020 | $4.94 |
| Jul 19, 2020 | $4.94 | Jul 18, 2020 | $4.94 |
| Jul 26, 2020 | $4.94 | Jul 29, 2020 | $4.94 |
| Aug 2, 2020 | $4.94 | Aug 7, 2020 | $4.94 |
| Aug 9, 2020 | $4.94 | Aug 15, 2020 | $4.94 |
| Aug 16, 2020 | $4.94 | Aug 26, 2020 | $4.94 |
| Aug 23, 2020 | $4.94 | Aug 26, 2020 | $4.94 |
| Aug 30, 2020 | $4.94 | Sep 10, 2020 | $4.94 |
| Sep 6, 2020 | $4.94 | Sep 13, 2020 | $4.94 |
| Sep 13, 2020 | $4.92 | Sep 13, 2020 | $4.92 |
| Sep 20, 2020 | $4.94 | Sep 19, 2020 | $4.94 |
| Sep 27, 2020 | $0.00 | ||
| Oct 4, 2020 | $0.00 | ||
| Oct 11, 2020 | $0.00 | ||
| Oct 18, 2020 | $0.00 | ||
| Oct 25, 2020 | $0.00 | ||
| Nov 1, 2020 | $2.47 | ||
| Nov 8, 2020 | $2.47 | ||
| Nov 15, 2020 | $2.47 | ||
| Nov 22, 2020 | $2.47 | ||
| Nov 29, 2020 | $2.47 | ||
| Dec 6, 2020 | $46.81 | ||
| Dec 13, 2020 | $46.81 | ||
| Dec 20, 2020 | $46.81 | ||
| Dec 27, 2020 | $46.81 | ||
| Jan 3, 2021 | $46.81 | ||
| Jan 10, 2021 | $46.81 | ||
| Jan 17, 2021 | $46.81 | ||
| Jan 24, 2021 | $46.81 | ||
| Jan 31, 2021 | $46.81 | ||
| Feb 7, 2021 | $46.81 | ||
| Feb 14, 2021 | $46.81 | ||
| Feb 21, 2021 | $46.81 | ||
| Feb 28, 2021 | $46.81 | ||
| Mar 7, 2021 | $46.81 | ||
| Mar 14, 2021 | $46.81 | ||
| Mar 21, 2021 | $26.48 | ||
Catherine Jun 1, 2024
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