Buying an overlock machine

Regina

Migosi, Kenya

13% repaid

Entrepreneur

Name

Regina

Member since

February 2016

On-time repayments

208 installments  •  12%

About Me

My name is Regina Atieno,I am the second born in a family of 5 children. I went to yenga primary school and yenga secondary school ,I failed to proceed to college due to lack of fees.
I worked as a house help for one year and saved for vocational training where I trained as a tailor . after completing my training , I worked in a friends workshop for four years,then saved $300 that i used to open my on workshop.
I come from the luo community and the community occupies western kenya , most of the people are peasant farmers and the staple food is ugalli.
I love reading novels,watching documentaries ,traveling and meeting new people and making new friends.

My Business

I am a tailor and a designer, I make new cloths and sell them to my customers. I made school ,uniforms, music bands uniforms,security personal uniforms, and college uniforms.
the demand for the goods is high because I am always honest,deliver good quality work on time and I always have fair prices.
I choose these business because i loved designing and because I knew the business was profitable.
My monthly typical costs are average $300-$400 per month depending on the work available. my monthly revenues average is $600-$800 . In a good month I make $300 in profits.
I spend the profits on my business to educate my siblings, take care of my parents and keep some money for reinvestment in the business.

Loan Proposal

Hello lenders,I hope all is well and you and your family are well.I am requesting for a loan to help me buy, a n over lock machine , the over-lock machine would cost me $170 and would help me cut my operation costs by $85-$100 per month that I use to hire the over-lock. it will also help me save on time and increase efficiency. Thank you in advance.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$199.00

Date disbursed

Feb 23, 2016

Repayment status

Late

Projected term

48 months

Lenders

nicole

Worcester, Ma, United States

D

Divergent

Bethesda, United States

Generaal

Antwerp, Belgium

mepster

San Francisco, Ca, United States

MW

Matt Willis

United States

The Zinc Team

San Francisco, United States

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