Loan to add more stock to my shop
Iris
Nakuru,kapkures Centre, Kenya
6% repaid
Entrepreneur
Name
Iris
Member since
February 2015
On-time repayments
90 installments • 10%
About Me
I am Iris Kinuthia, I was born in April 18th 1985 at Kapsabet and my family they still live at the same county of Kapsabet. I schooled at Nyandarua County from Class 1 to class 8 at School known as Rurii Primary school and I later Joined High school at Nyandarua High school.
currently I live at Kapkures Nakuru county where I operate my business for selling clothes as well chicken keeping at my home, I have been on the Business for selling clothes for 2 yrs now and also chiken keeping for one year now and it has been very succesful.
My Business
In my clothing business I do sell clothes of different types clothes to my customers. I do sell trousers for ladies, trousers for men, shirts, skirts, vests and underwear of all types. I sell both new clothes only. Clothing business is on high demand and most of my clients preffer to have something new and presentable. New fashions are coming in everyday and people love updating themselves as the world moves on especially the ladies.
In a month I buy clothes in a wholesale price that worth $150 and I sell them within 2 to 3 weeks. When I calculate the profit I noticed that I make a profit of $70 to $100 in a month. I use this profit to purchase other clothes as I increase my stock and I also use the rest of the revenue to meet the needs of my children at school by providing the necessary support for , and also pay for electricity bill, transport and food as well Business rent.
Loan Proposal
I will buy trousers both for men and women that worth $25, I will buy shirts and skirts that cost$ 17 and I will also buy vests and underwear that worth $15. This will increase stock in my shop thus increasing sales in the shop
Loan Proposal
I will use this KES 200 loan to buy more stock of shoes & clothes of which I will use the $100 to get children clothes and $100 for shoes for women and I am believing to sale more during this Christmas season. My business goal is to have a big shop within 5 years and to expand from the one I have now.. I hope that in the future, I will be successful in my business. This is my second loan application even though I have been slow in repaying my loan due to my husband sickness but I am thankful that he is now well and I am able to continue with my business with no worries previous loans were repaid successfully.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Feb 23, 2016
Repayment status
Late
Projected term
16 months
Other loans
Lenders
Summary
Amount repaid
$13.55
Amount remaining
$196.46
Expected completion
Jul 2, 2017
Status
Repaying late
Installment amount
$3.01
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 6, 2016 | $3.01 | Mar 7, 2016 | $3.01 |
| Mar 13, 2016 | $3.01 | Mar 7, 2016 | $0.50 |
| Apr 8, 2016 | $2.51 | ||
| Mar 20, 2016 | $3.01 | Apr 8, 2016 | $1.00 |
| May 7, 2016 | $2.01 | ||
| Mar 27, 2016 | $3.01 | May 7, 2016 | $2.01 |
| Jul 7, 2016 | $1.00 | ||
| Apr 3, 2016 | $3.01 | Jul 7, 2016 | $1.51 |
| Apr 10, 2016 | $3.01 | ||
| Apr 17, 2016 | $3.01 | ||
| Apr 24, 2016 | $3.01 | ||
| May 1, 2016 | $3.01 | ||
| May 8, 2016 | $3.01 | ||
| May 15, 2016 | $3.01 | ||
| May 22, 2016 | $3.01 | ||
| May 29, 2016 | $3.01 | ||
| Jun 5, 2016 | $3.01 | ||
| Jun 12, 2016 | $3.01 | ||
| Jun 19, 2016 | $3.01 | ||
| Jun 26, 2016 | $3.01 | ||
| Jul 3, 2016 | $3.01 | ||
| Jul 10, 2016 | $3.01 | ||
| Jul 17, 2016 | $3.01 | ||
| Jul 24, 2016 | $3.01 | ||
| Jul 31, 2016 | $3.01 | ||
| Aug 7, 2016 | $3.01 | ||
| Aug 14, 2016 | $3.01 | ||
| Aug 21, 2016 | $3.01 | ||
| Aug 28, 2016 | $3.01 | ||
| Sep 4, 2016 | $3.01 | ||
| Sep 11, 2016 | $3.01 | ||
| Sep 18, 2016 | $3.01 | ||
| Sep 25, 2016 | $3.01 | ||
| Oct 2, 2016 | $3.01 | ||
| Oct 9, 2016 | $3.01 | ||
| Oct 16, 2016 | $3.01 | ||
| Oct 23, 2016 | $3.01 | ||
| Oct 30, 2016 | $3.01 | ||
| Nov 6, 2016 | $3.01 | ||
| Nov 13, 2016 | $3.01 | ||
| Nov 20, 2016 | $3.01 | ||
| Nov 27, 2016 | $3.01 | ||
| Dec 4, 2016 | $3.01 | ||
| Dec 11, 2016 | $3.01 | ||
| Dec 18, 2016 | $3.01 | ||
| Dec 25, 2016 | $3.01 | ||
| Jan 1, 2017 | $3.01 | ||
| Jan 8, 2017 | $3.01 | ||
| Jan 15, 2017 | $3.01 | ||
| Jan 22, 2017 | $3.01 | ||
| Jan 29, 2017 | $3.01 | ||
| Feb 5, 2017 | $3.01 | ||
| Feb 12, 2017 | $3.01 | ||
| Feb 19, 2017 | $3.01 | ||
| Feb 26, 2017 | $3.01 | ||
| Mar 5, 2017 | $3.01 | ||
| Mar 12, 2017 | $3.01 | ||
| Mar 19, 2017 | $3.01 | ||
| Mar 26, 2017 | $3.01 | ||
| Apr 2, 2017 | $3.01 | ||
| Apr 9, 2017 | $3.01 | ||
| Apr 16, 2017 | $3.01 | ||
| Apr 23, 2017 | $3.01 | ||
| Apr 30, 2017 | $3.01 | ||
| May 7, 2017 | $3.01 | ||
| May 14, 2017 | $3.01 | ||
| May 21, 2017 | $3.01 | ||
| May 28, 2017 | $3.01 | ||
| Jun 4, 2017 | $3.01 | ||
| Jun 11, 2017 | $3.01 | ||
| Jun 18, 2017 | $3.01 | ||
| Jun 25, 2017 | $3.01 | ||
| Jul 2, 2017 | $2.31 | ||
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