Entrepreneur
Name
Mercy
Member since
January 2018
On-time repayments
48 installments • 58%
About Me
As you know my business has been canvas bags and the last loan was to finance bag orders that I had, unfortunately, I had some emergency and diverted the funds. On the positive side the orders were not cancelled hence I will still supply the orders.
My Business
I have been only doing the bags business however most customers have mad enquiries for other ladies products like shoes, clothes, jewellery and other accessories. This has come from repeat customers I have decided to add these items to my business since my clients are asking for them and will increase my customer base. If I get funded ill build this business to be a one-stop shop from bags clothes jewellery and shoes for the ladies. Most of my clients are located outside the Capital hence they like the fact they don't have to travel to get the goods the can get them by ordering onlice and I send them as a parcel. To be able to make a profit I have to buy items at a certain minimum quantity from wholesalers and importers to be able to be accorded the wholesale price.
Loan Proposal
I will use the loan to fulfill orders that come from other towns. I have gotten inquiries from other towns and am working to get other businesses to partner with so that they can allow us to display our bags in their shops for a fee and our customers can get the bags in the towns with the most enquiries.
Feedback
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$128.00
Date disbursed
Mar 9, 2019
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Summary
Amount repaid
$128.29
Amount remaining
$0.00
Date repaid
May 13, 2019
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 18, 2019 | $4.93 | Mar 22, 2019 | $4.93 |
| Mar 25, 2019 | $2.96 | Mar 25, 2019 | $2.96 |
| Apr 1, 2019 | $32.08 | Apr 2, 2019 | $31.53 |
| Apr 2, 2019 | $0.54 | ||
| Apr 8, 2019 | $0.15 | Apr 2, 2019 | $0.15 |
| Apr 15, 2019 | $13.80 | Apr 9, 2019 | $11.83 |
| Apr 15, 2019 | $1.97 | ||
| Apr 22, 2019 | $1.48 | Apr 26, 2019 | $1.48 |
| Apr 29, 2019 | $1.48 | Apr 26, 2019 | $1.48 |
| May 6, 2019 | $1.48 | Apr 26, 2019 | $0.49 |
| May 7, 2019 | $0.99 | ||
| May 13, 2019 | $32.08 | May 7, 2019 | $0.49 |
| May 11, 2019 | $14.78 | ||
| May 13, 2019 | $16.80 | ||
| May 20, 2019 | $32.08 | May 13, 2019 | $32.08 |
| May 27, 2019 | $5.80 | May 13, 2019 | $5.80 |
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