Purchase bale of shoes for my secondhand shoe business
Tabitha
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Tabitha
Member since
May 2015
On-time repayments
114 installments • 33%
About Me
I am 32 years old and a mother of 3 children- a girl and 2 boys. i am the third born in a family of six. i attended school up to form two but had to drop out due to school fees issues. my father had just been retrenched. i attended some hair dressing classes with the help of my uncle but again didn't finish the course. i started working in a salon of my friend and by 2003 i got married. from then i have been doing small businesses like selling clothes, shoes, and even vegetables. but from year 2009 i started shoes business which i am in to date.
i love my children and their father. i would like to educate them up to university level so that they become better people in the society.
My Business
i am dealing with second hand shoes which i sell to people who sell to places like estates, town etc. they are in demand since the prices and quality are better compared to the new shoes. i chose this business for some reasons; one that the time of operation is from 6am to around noon. this gives me time to get home early enough to be with my children. two it a cash business. my customer always come with cash to purchase. no credit.three profit margins are good though sometimes i incur losses depending on the quality of the shoes.
the costs vary from 4500/- shillings to even15000/-. this costs depend on the qualityof the shoes.
i use my profits in buying clothes for my children, buying food and investing in other areas for the future of my children. also i use the same to boost my business.
Loan Proposal
i want to use the loan to buy an extra bale of shoes to increase my stock. this will cost about usd 100. this will increase my income hence be able to meet most of my family demands. i expect my profits to increase by atleast 15% in a week.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jun 3, 2015
Repayment status
On Time
Projected term
3 months
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Summary
Amount repaid
$105.28
Amount remaining
$0.00
Date repaid
Sep 13, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 14, 2015 | $7.52 | Jun 14, 2015 | $7.52 |
| Jun 21, 2015 | $7.52 | Jun 20, 2015 | $7.52 |
| Jun 28, 2015 | $7.52 | Jun 26, 2015 | $7.52 |
| Jul 5, 2015 | $7.52 | Jul 5, 2015 | $7.52 |
| Jul 12, 2015 | $7.52 | Jul 5, 2015 | $0.01 |
| Jul 12, 2015 | $7.51 | ||
| Jul 19, 2015 | $7.52 | Jul 12, 2015 | $0.02 |
| Jul 18, 2015 | $7.49 | ||
| Jul 26, 2015 | $7.52 | Jul 18, 2015 | $0.03 |
| Jul 23, 2015 | $7.47 | ||
| Jul 26, 2015 | $0.01 | ||
| Aug 2, 2015 | $7.52 | Jul 26, 2015 | $0.52 |
| Aug 1, 2015 | $7.00 | ||
| Aug 9, 2015 | $7.52 | Aug 9, 2015 | $7.52 |
| Aug 16, 2015 | $7.52 | Aug 15, 2015 | $7.52 |
| Aug 23, 2015 | $7.52 | Aug 15, 2015 | $0.01 |
| Aug 22, 2015 | $7.51 | ||
| Aug 30, 2015 | $7.52 | Aug 22, 2015 | $0.02 |
| Aug 30, 2015 | $7.49 | ||
| Sep 6, 2015 | $7.52 | Aug 30, 2015 | $0.03 |
| Sep 5, 2015 | $7.48 | ||
| Sep 13, 2015 | $7.58 | Sep 5, 2015 | $0.04 |
| Sep 13, 2015 | $7.54 | ||
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