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 intend to use the whole loan amount to purchase stock for my watch and jewellery re-sell business. An increase in stock will help me sell more items to more customers and increase my profits by 20%. This will enable me to sustain my business and support persons whom i employ directly.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$397.00
Date disbursed
Jun 7, 2018
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Gammalkil, Sweden
Fontvielle, Monaco, Yemen
United States
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Summary
Amount repaid
$397.85
Amount remaining
$0.00
Date repaid
Sep 3, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 18, 2018 | $31.04 | Jun 19, 2018 | $31.04 |
| Jun 25, 2018 | $31.04 | Jun 25, 2018 | $31.04 |
| Jul 2, 2018 | $31.04 | Jul 2, 2018 | $31.04 |
| Jul 9, 2018 | $31.04 | Jul 9, 2018 | $31.04 |
| Jul 16, 2018 | $31.04 | Jul 16, 2018 | $31.04 |
| Jul 23, 2018 | $31.04 | Jul 24, 2018 | $31.04 |
| Jul 30, 2018 | $31.04 | Jul 30, 2018 | $31.04 |
| Aug 6, 2018 | $31.04 | Aug 7, 2018 | $31.04 |
| Aug 13, 2018 | $31.04 | Aug 13, 2018 | $31.04 |
| Aug 20, 2018 | $31.04 | Aug 20, 2018 | $31.04 |
| Aug 27, 2018 | $31.04 | Aug 26, 2018 | $31.04 |
| Sep 3, 2018 | $31.04 | Sep 3, 2018 | $31.04 |
| Sep 10, 2018 | $25.35 | Sep 3, 2018 | $25.35 |
Margaret Nov 4, 2019
Maggie and M Mar 27, 2019
nicole Mar 19, 2019
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