New stock for my fashion and beauty online store
Monica
Kiambu, Kenya
95% repaid
Entrepreneur
Name
Monica
Member since
May 2016
On-time repayments
119 installments • 94%
About Me
I am the last born in a family of 6 and was brought in rural Kenya.
I am a trained chef which has been quite useful in helping me run my business. ,i like to travel and go hiking. Our country has some of the best parks in the world.
I am also engaged in community work and work together with my local church to reach out to the less fortunate in the rural area
My Business
My business is registered as a sole proprietorship since 2015.Its very simple and straight forward, i import watches from china and resell them at a profit.
My target market are young Kenyans between ages 20-45 , they are tech savy and internet services are available in all major town s in the country. hence its easy for customers to find my products using their smartphones, personal computers or cyber cafes,
My major expenses are the purchase of stock and shipping. The online store fulfills orders made on my behalf. However they take a commission on the sale .Most of the profit i get is re invested in the business.
I intend to use the loan to top up my savings so that i can purchase more stock with a wider variety, to include ladies bracelets, earrings and necklaces.
My plans for the near future is to improve on the variety of the accessories and also open a brick & mortar store so as to reach a wider market.
Loan Proposal
I will use the amount advanced to buy additional stock for my online store.
i operate on a simple model of buying then reselling for a profit.More stock will translate into variety of stock for my shop and hence more sales and profits. The business profit will increase by a margin of 8%.
Feedback
Positive
3
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$330.00
Date disbursed
Nov 5, 2019
Repayment status
Late
Projected term
2 months
Other loans
Lenders
United States
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Summary
Amount repaid
$314.35
Amount remaining
$16.05
Expected completion
Jan 17, 2020
Status
Repaying late
Installment amount
$33.03
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 15, 2019 | $33.04 | Nov 22, 2019 | $14.78 |
| Nov 26, 2019 | $18.26 | ||
| Nov 22, 2019 | $33.04 | Nov 26, 2019 | $16.23 |
| Dec 4, 2019 | $16.81 | ||
| Nov 29, 2019 | $33.04 | Dec 4, 2019 | $8.81 |
| Dec 10, 2019 | $22.66 | ||
| Dec 18, 2019 | $1.57 | ||
| Dec 6, 2019 | $33.04 | Dec 18, 2019 | $33.04 |
| Dec 13, 2019 | $33.04 | Dec 18, 2019 | $33.04 |
| Dec 20, 2019 | $33.04 | Dec 18, 2019 | $33.04 |
| Dec 27, 2019 | $33.04 | Dec 18, 2019 | $33.04 |
| Jan 3, 2020 | $33.04 | Dec 18, 2019 | $33.04 |
| Jan 10, 2020 | $33.04 | Dec 18, 2019 | $33.04 |
| Jan 17, 2020 | $33.03 | Dec 18, 2019 | $16.98 |
Margaret Nov 4, 2019
Maggie and M Mar 27, 2019
nicole Mar 19, 2019
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