Inventory for my knitting business

Entrepreneur

About Me

-I am a Married woman aged 53 I am the bread winner in my family
-I went to school up to primary level.
-One day I tried to start a business of selling paraffin but due to the high interest that the bank needed the business collapsed,I was supposed to pay the loan monthly but after taking the loan they changed to weekly which made me strain a lot to service.
-I started knitting when my business collapsed because I still needed to support my family and husband I started by knitting to my friends who after displaying my products in there Homes I got new customers which made the number to increase that’s how my business has been expanding.In Eldoret the population is so high and this is a good environment for my Business to grow.
I come from Kiambu and married to my Husband Who comes From Siaya I have been living in Eldoret for the past 30 yrs.

My Business

-I buy knitting threads from Eldoret town a role cost 1 $ each 1 set takes about 32 roles of thread which cost about 3200 /=(36 Us dolars) Kenyan shillings it varies with pattern in one month I can make 4 sates Which gives a nett profit of 5400/= (62 US Dollars)profit while my monthly expense are approximately 18200/=(209 US dollars)
The following is how I use my profit

10% give tithe to the Church
75% upkeep and food
10% support my grand Children
5% saving.

Loan Proposal

If my loan is fully funded , I will use Ks 80,000 that is US$800 to buy knitting yearns and use the remaining Ks 12,000 that is US$120 for rent, tithe to the Church and assist my grandchildren.

This will help my customers to be able to get most of the table clothes within reach and also help me add another worker to help with the knitting. It will also in a small way enable to move as LI look for an expanded market.

This will increase my interest by at least Ks 5,000 that is US$50. With this I will be able have e better life and even be able to buy a few households to improve my standard of living.

Thanks in advance for funding my loan.

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