Expansion of my custom hand-made carpet business
Caroline
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Caroline
Member since
July 2015
On-time repayments
284 installments • 32%
About Me
I am a rural girl, having been born in the Machakos region of Kenya. I, however, currently reside in the bustling capital city of Nairobi where I am employed. I am married with two lovely boys. In my current post, I am a logistics officer for a beverages company, but on my off days I enjoy doing things with my hands and spending time with my family. I also enjoy the outdoors and love to travel when time allows.
My Business
I have dabbled in the making of custom, home-made carpets in the past with some measure of success. I have recently decided to shift focus to the making and selling of snacks. I have long had a passion for cooking. I enjoy trying out new recipes to cook meals for my family in my free time. I have also catered for my friends' parties in the past and received good feedback on the quality of food served. I intend to put these talents to good use in my new venture.
Loan Proposal
I usually produce my carpet on order basis since they are custom. The majority of my customers prefer to pay on collection which means I need to source funds to purchase material to make the required carpet. It often happens that I would be constrained when I have more than two orders to produce at the same time as my money is tied up with the current project.
I will use the proceeds of the loan to purchase more material (yarns, needles, plastic mats) for my business so that I am able to service more orders simultaneously thus expand my business.
About Me
I am a rural girl having been born in the Machakos region of Kenya. I however currently reside in the bustling capital city of Nairobi where I am employed. I am married with two lovely boys. In my current post, I am a logistics officer for a beverages company but in my off days I enjoy doing things with my hands and spending time with my family. I also enjoy the outdoors and love to travel when time allows.
My Business
I have dabbled in the making of custom, home-made carpets in the past with some measure of success. I have recently decided to shift focus to the making and selling of snacks. I have long had a passion for cooking. I enjoy trying out new recipes to cook meals for my family in my free time. I have also catered for my friends' parties in the past and received good feedback on the quality of food served. I intend to put these talents to good use in my new venture.
Loan Proposal
I usually produce my carpet on order basis since they are custom. The majority of my customers prefer to pay on collection which means I need to source funds to purchase material to make the required carpet. It often happens that I would be constrained when I have more than two orders to produce at the same time as my money is tied up with the current project.
I will use the proceeds of the loan to purchase more material (yarns, needles, plastic mats) for my business so that I am able to service more orders simultaneously thus expand my business.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Aug 14, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
United States
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Summary
Amount repaid
$104.50
Amount remaining
$0.00
Date repaid
Dec 30, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 23, 2015 | $7.00 | Aug 23, 2015 | $7.00 |
| Aug 30, 2015 | $7.00 | Aug 31, 2015 | $7.00 |
| Sep 6, 2015 | $7.00 | Sep 5, 2015 | $7.00 |
| Sep 13, 2015 | $7.00 | Sep 5, 2015 | $7.00 |
| Sep 20, 2015 | $1.00 | Sep 20, 2015 | $1.00 |
| Sep 27, 2015 | $1.00 | Sep 27, 2015 | $1.00 |
| Oct 4, 2015 | $1.00 | Oct 5, 2015 | $1.00 |
| Oct 11, 2015 | $1.00 | Oct 10, 2015 | $1.00 |
| Oct 18, 2015 | $1.00 | Oct 10, 2015 | $1.00 |
| Oct 25, 2015 | $1.00 | Oct 12, 2015 | $1.00 |
| Nov 1, 2015 | $5.00 | Nov 16, 2015 | $5.00 |
| Nov 8, 2015 | $5.00 | Nov 16, 2015 | $5.00 |
| Nov 15, 2015 | $5.00 | Nov 16, 2015 | $5.00 |
| Nov 22, 2015 | $5.00 | Nov 21, 2015 | $5.00 |
| Nov 29, 2015 | $5.00 | Nov 30, 2015 | $5.00 |
| Dec 6, 2015 | $5.00 | Dec 7, 2015 | $5.00 |
| Dec 13, 2015 | $5.00 | Dec 16, 2015 | $5.00 |
| Dec 20, 2015 | $5.00 | Dec 16, 2015 | $5.00 |
| Dec 27, 2015 | $10.00 | Dec 28, 2015 | $10.00 |
| Jan 3, 2016 | $20.50 | Dec 30, 2015 | $20.50 |
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