Second hand cloth business extention
Florence
Mombasa, Kenya
100% repaid
Entrepreneur
Name
Florence
Member since
August 2014
On-time repayments
324 installments • 69%
About Me
I was born and raised in Mombasa, currently staying in Bamburi. I started operating my cyber café in 2005 from my savings I obtained from working which I later decided to be independent and start the business. My business is in Bamburi. I decided to expand my business by introducing some stationery to increase my sales, but due to harsh economic times saving has become an issue.
I love cooking, dancing, going to the beach and attending Sunday service with my husband and son, which brings us joy and strength to face the new week. I will appreciate to get that loan so that I can buy a digital copier that can print, scan and copy. This will help increase our income to save more for our son and be financial stable.
My Business
I offer browsing and typing services, the demand is high since I operate near a number of schools, hospital and a church. They have two forms of payment cash and credit terms, by the end of the day, week or month I do not lack some money to pay rent and save. I am the only one in that area hence good and reliable market, I get a monthly turnover of $150. I am potentially able to pay my loan monthly installments and with the copier I will buy my sales will increase and hence stability to pay.
I offer standard and affordable charges this attracts more clients and i also cater for different clients, from individual walk in to corporate clients like schools that give me monthly large contracts to copy exams for them and churches that i print Sunday schedules on weekly basis.
My monthly cost is electricity, internet ans stationery for printing and my biggest risk is that i now print with the inkjet printer which is slower and results to less print outs per month and the cartridge is a bit costly and would really love get a laser printer that can be a 3-in-1 whereby i can print, scan and copy, at lower costs, more print outs and the toner is affordable.
Loan Proposal
I am planning to get a second hand bale containing ladies mix clothes and it will cost me $135, the contents are ladies dresses, tops, blouses, skirts and trousers. This will really help in my income since when I buy in bulk I will buy many at a lower price and sale double the price.
This will help my neighborhood since I will offer affordable clothing and no need to worry about expensive clothes. When I get the bale with a number of pieces the price is lower and I can sell at 100% so my profit will be equal to the investment hence improve my life, my neighborhood and able to pay on time without delays.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$137.00
Date disbursed
Jun 15, 2015
Repayment status
On Time
Projected term
16 months
Other loans
Lenders
Columbus, United States
Shanghai, China
Stamford, United States
Chapin, SC, United States
Orlando, Florida, United States
Gammalkil, Sweden
Melbourne, Australia
Republic of Korea
Summary
Amount repaid
$144.25
Amount remaining
$0.00
Date repaid
May 12, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 28, 2015 | $2.05 | Jun 26, 2015 | $2.05 |
| Jul 5, 2015 | $2.05 | Jun 26, 2015 | $1.95 |
| Aug 3, 2015 | $0.11 | ||
| Jul 12, 2015 | $2.05 | Aug 3, 2015 | $2.05 |
| Jul 19, 2015 | $2.05 | Aug 3, 2015 | $2.05 |
| Jul 26, 2015 | $2.05 | Aug 3, 2015 | $2.05 |
| Aug 2, 2015 | $2.05 | Aug 3, 2015 | $2.05 |
| Aug 9, 2015 | $2.05 | Aug 3, 2015 | $2.05 |
| Aug 16, 2015 | $2.05 | Aug 3, 2015 | $0.16 |
| Sep 16, 2015 | $1.89 | ||
| Aug 23, 2015 | $2.05 | Sep 16, 2015 | $2.05 |
| Aug 30, 2015 | $2.05 | Sep 16, 2015 | $2.05 |
| Sep 6, 2015 | $2.05 | Sep 16, 2015 | $2.05 |
| Sep 13, 2015 | $2.05 | Sep 16, 2015 | $2.05 |
| Sep 20, 2015 | $2.05 | Sep 16, 2015 | $2.05 |
| Sep 27, 2015 | $2.05 | Sep 16, 2015 | $2.05 |
| Oct 4, 2015 | $2.05 | Sep 16, 2015 | $1.58 |
| Oct 26, 2015 | $0.47 | ||
| Oct 11, 2015 | $2.05 | Oct 26, 2015 | $2.05 |
| Oct 18, 2015 | $2.05 | Oct 26, 2015 | $2.05 |
| Oct 25, 2015 | $2.05 | Oct 26, 2015 | $2.05 |
| Nov 1, 2015 | $2.05 | Oct 26, 2015 | $0.21 |
| Oct 31, 2015 | $1.84 | ||
| Nov 8, 2015 | $2.05 | Oct 31, 2015 | $2.05 |
| Nov 15, 2015 | $2.05 | Oct 31, 2015 | $1.37 |
| Nov 10, 2015 | $0.68 | ||
| Nov 22, 2015 | $2.05 | Nov 10, 2015 | $2.05 |
| Nov 29, 2015 | $2.05 | Nov 10, 2015 | $2.05 |
| Dec 6, 2015 | $2.05 | Nov 10, 2015 | $2.05 |
| Dec 13, 2015 | $2.05 | Nov 10, 2015 | $1.37 |
| Dec 12, 2015 | $0.68 | ||
| Dec 20, 2015 | $2.05 | Dec 25, 2015 | $2.05 |
| Dec 27, 2015 | $2.05 | Dec 25, 2015 | $2.05 |
| Jan 3, 2016 | $2.05 | Dec 25, 2015 | $1.16 |
| Jan 2, 2016 | $0.89 | ||
| Jan 10, 2016 | $2.05 | Jan 2, 2016 | $2.05 |
| Jan 17, 2016 | $2.05 | Jan 2, 2016 | $2.05 |
| Jan 24, 2016 | $2.05 | Jan 2, 2016 | $0.26 |
| Jan 23, 2016 | $1.79 | ||
| Jan 31, 2016 | $2.05 | Jan 23, 2016 | $2.05 |
| Feb 7, 2016 | $2.05 | Jan 23, 2016 | $1.42 |
| Feb 6, 2016 | $0.63 | ||
| Feb 14, 2016 | $2.05 | Feb 6, 2016 | $2.05 |
| Feb 21, 2016 | $2.05 | Feb 6, 2016 | $2.05 |
| Feb 28, 2016 | $2.05 | Feb 6, 2016 | $0.53 |
| Mar 4, 2016 | $1.53 | ||
| Mar 6, 2016 | $2.05 | Mar 4, 2016 | $1.11 |
| Mar 6, 2016 | $0.95 | ||
| Mar 13, 2016 | $2.05 | Mar 6, 2016 | $1.68 |
| Mar 12, 2016 | $0.37 | ||
| Mar 20, 2016 | $2.05 | Mar 12, 2016 | $2.05 |
| Mar 27, 2016 | $2.05 | Mar 12, 2016 | $2.05 |
| Apr 3, 2016 | $2.05 | Mar 12, 2016 | $0.79 |
| Apr 9, 2016 | $1.26 | ||
| Apr 10, 2016 | $2.05 | Apr 15, 2016 | $2.05 |
| Apr 17, 2016 | $2.05 | Apr 15, 2016 | $0.05 |
| Apr 20, 2016 | $2.00 | ||
| Apr 24, 2016 | $2.05 | May 5, 2016 | $2.05 |
| May 1, 2016 | $2.05 | May 5, 2016 | $2.05 |
| May 8, 2016 | $2.05 | May 5, 2016 | $1.16 |
| May 12, 2016 | $0.89 | ||
| May 15, 2016 | $2.05 | May 12, 2016 | $2.05 |
| May 22, 2016 | $2.05 | May 12, 2016 | $2.05 |
| May 29, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Jun 5, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Jun 12, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Jun 19, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Jun 26, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Jul 3, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Jul 10, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Jul 17, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Jul 24, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Jul 31, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Aug 7, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Aug 14, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Aug 21, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Aug 28, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Sep 4, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Sep 11, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Sep 18, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Sep 25, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Oct 2, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Oct 9, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Oct 16, 2016 | $2.05 | May 12, 2016 | $2.05 |
| Oct 23, 2016 | $2.62 | May 12, 2016 | $2.62 |
Ask Florence a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.