Stock loan

Janet

Nairobi, Kenya

40% repaid

Entrepreneur

Name

Janet

Member since

March 2016

On-time repayments

151 installments  •  28%

About Me

I was brought up and schooled in kang'aru village in kagio town Kirinyaga county in central province Kenya.Life was not easy as we could walk long distances to school barefooted and even stay out of school due to lack of school fees but that did not deter me from achieving my goals.I burnt the midnight oil and managed to pass my exams and later joined college though with financial difficulties.
I completed my diploma in Education in 2009 and have not gotten a job yet.I decided to start selling mitumba clothes because that did not require much money for capital .I started by selling in a Kibanda but have progress end now because I have rented a small house in juja town in kiambu county near Jkuat college.I have big plans for my business.God help me.

My Business

I have a shop along sunrise street in juja town and also sell online. I sell mitumba clothes.I buy from Gikomba market and later resell at a higher price to make profit.My customers are Jkuat university students. I chose to sell mitumba clothes because that's what my target group like for the clothes are fashionable and not expensive.My overall costs by the end of the month are usually 30,000 KESto 35,000 KES and sales of about 75,000 .I divide the net profit into two.to re invest into the business to grow it.use the rest in my day to day expenses.

Loan Proposal

Everytime I add stock I realise that the number of loyal customers increase because I have variety.
I will use the money to buy to buy two bales of dresses approximately 27 dollars each. the money will not be enough for that but I will add the little savings I have.
When I add stock sales definitely increase.and I expect atleat 40 thousand increase in sales.
Thank you.

Feedback

1

None

None

  • Marcus    Mar 30, 2017

    Well done, Janet. You paid back already the 2nd loan fully and in time. Good luck with your next one.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$465.00

Date disbursed

Mar 10, 2018

Repayment status

Late

Projected term

20 months

Lenders

roark22

Geneva, Switzerland

CN

Craig Newmark

United States

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Summary

Amount repaid

$184.77

Amount remaining

$280.33

Expected completion

Nov 11, 2019

Status

Repaying late

Installment amount

$24.14

Repayment History

Expected Payments Actual Payments
Mar 19, 2018 $24.64 Nov 17, 2018 $24.64
Mar 26, 2018 $0.00
Apr 2, 2018 $0.00
Apr 9, 2018 $0.00
Apr 16, 2018 $0.00
Apr 23, 2018 $0.00
Apr 30, 2018 $0.00
May 7, 2018 $0.00
May 14, 2018 $0.00
May 21, 2018 $0.00
May 28, 2018 $0.00
Jun 4, 2018 $0.00
Jun 11, 2018 $0.00
Jun 18, 2018 $0.00
Jun 25, 2018 $0.00
Jul 2, 2018 $0.00
Jul 9, 2018 $0.00
Jul 16, 2018 $0.00
Jul 23, 2018 $0.00
Jul 30, 2018 $0.00
Aug 6, 2018 $0.00
Aug 13, 2018 $0.00
Aug 20, 2018 $0.00
Aug 27, 2018 $0.00
Sep 3, 2018 $0.00
Sep 10, 2018 $0.00
Sep 17, 2018 $0.00
Sep 24, 2018 $0.00
Oct 1, 2018 $0.00
Oct 8, 2018 $0.00
Oct 15, 2018 $0.00
Oct 22, 2018 $0.00
Oct 29, 2018 $0.00
Nov 5, 2018 $0.00
Nov 12, 2018 $0.00
Nov 19, 2018 $0.00
Nov 26, 2018 $9.85 Jan 12, 2019 $9.85
Dec 3, 2018 $9.85 Jan 12, 2019 $9.85
Dec 10, 2018 $9.85 Jan 12, 2019 $9.85
Dec 17, 2018 $9.85 Jan 12, 2019 $9.85
Dec 24, 2018 $9.85 Jan 12, 2019 $9.85
Dec 31, 2018 $9.85 Mar 11, 2019 $9.85
Jan 7, 2019 $0.00
Jan 14, 2019 $0.00
Jan 21, 2019 $0.00
Jan 28, 2019 $0.00
Feb 4, 2019 $0.00
Feb 11, 2019 $0.00
Feb 18, 2019 $0.00
Feb 25, 2019 $0.00
Mar 4, 2019 $0.00
Mar 11, 2019 $0.00
Mar 18, 2019 $0.00
Mar 25, 2019 $0.00
Apr 1, 2019 $0.00
Apr 8, 2019 $0.00
Apr 15, 2019 $0.00
Apr 22, 2019 $0.00
Apr 29, 2019 $0.00
May 6, 2019 $0.00
May 13, 2019 $0.00
May 20, 2019 $0.00
May 27, 2019 $0.00
Jun 3, 2019 $0.00
Jun 10, 2019 $0.00
Jun 17, 2019 $0.00
Jun 24, 2019 $0.00
Jul 1, 2019 $0.00
Jul 8, 2019 $0.00
Jul 15, 2019 $0.00
Jul 22, 2019 $0.00
Jul 29, 2019 $24.14 Aug 16, 2019 $9.85
Aug 29, 2019 $9.85
Sep 7, 2019 $4.43
Aug 5, 2019 $24.14 Sep 7, 2019 $1.48
Sep 21, 2019 $9.85
Sep 30, 2019 $4.93
Oct 19, 2019 $2.96
Nov 7, 2019 $4.93
Aug 12, 2019 $24.14 Nov 26, 2019 $2.96
Dec 22, 2019 $2.46
Jan 8, 2020 $4.93
Jan 13, 2020 $4.93
Jan 25, 2020 $2.96
Feb 18, 2020 $2.96
Aug 22, 2021 $2.96
Aug 19, 2019 $24.14 Aug 22, 2021 $1.97
Jun 20, 2022 $4.93
Jun 22, 2022 $1.97
Sep 10, 2022 $1.97
Sep 21, 2022 $9.85
Oct 1, 2023 $2.96
Oct 7, 2023 $0.49
Aug 26, 2019 $24.14 Oct 7, 2023 $4.43
Sep 2, 2019 $24.64
Sep 9, 2019 $24.64
Sep 16, 2019 $24.64
Sep 23, 2019 $24.64
Sep 30, 2019 $24.64
Oct 7, 2019 $24.64
Oct 14, 2019 $24.64
Oct 21, 2019 $24.64
Oct 28, 2019 $24.64
Nov 4, 2019 $24.64
Nov 11, 2019 $14.27

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