Expansion of my tailoring and design shop
Dorcas
Karene, Kenya
100% repaid
Entrepreneur
Name
Dorcas
Member since
April 2016
On-time repayments
242 installments • 41%
About Me
I was born in kariene village where I grew in a family of five children. my father died when I was seven years and left my mother with poverty in which we grew in till I completed my form four attaining D plain grade. then a well wisher helped me to join a collage where I trained as dressmaker and a designer in the year 2008. After I completed my collage I stayed home helping my mother
At the village. However life became hard hence I decided to look for employment in the city Nairobi and found one in a relative tailor shop with salary 2,000 KES per montht. With salary I made savings for two year I bought sewing machine and opened my own tailoring and design shop where am earning a living from. besides am a mother of two with a loving husband from kisii county. My hopes are singing and dancing.
My Business
My business is a tailoring and design shop which mainly I deal with the production of all types of clothes men dress and women dress. Besides I make trending designs of clothes and uniforms in my shop. Currently the above clothing are available in my shop. I choose this business becouse of demand was high in my locality and because clothes are basic needs hence nobody can live without clothes.My business has been in operation for more than 5 years, my sale is more than 15,000kes per week from which i make a profit margins of not less 4,000 kes a week. The profits I make help me to pay my bill, reinvest back to my business and make some savings.
Loan Proposal
Dear lenders indeed if i get this loan of 39,660 kes i will expand my tailoring and design shop business b adding sewing machines ,add stock in terms of materials I use make to clothes as follows, will buy buy 2 singer sewing machine costing 20,000 kes 5 rolls of cotton @3,000 costing 15,000 kes and 3 rolls lining @2,500 costing 7,500 kes and rent of shop costing 4,000 kes totaling 46,500 kes so the deficit I will add from my savings. if I get this loan surely my profits will greatly increase to more than 7,000 kes hence be able repay the loan of installalmemnts and pay my bills. with added stock and new equipments my profits will increase from the current 4000 kes to more than 7,000 kes. Hence be able to pay back loan installments of 2000 kes, pay my bills and make savings.my lenders I real appreciate you your committed financial support in advance. thanks zidisha for making have hope again.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$400.00
Date disbursed
Sep 28, 2016
Repayment status
On Time
Projected term
12 months
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Margaret Oct 12, 2017
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