Entrepreneur
Name
Jane
Member since
January 2015
On-time repayments
312 installments • 87%
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 funded, I will be able to Buy knitting yarns worth Ks 70,000 ( US$ 700) and at least employ somebody to help me with the work. The balance I use to buy a machine to assist now in the work costing Ks 39,000 (US$3900)
This will help us increase the production for I will buy a machine and more staff to work with me in knitting. Because the demand is increasing due to the kind of products we are producing. My customers will be getting what they want at the right time because we shall making may table ready for the market.
At the moment I am making a weekly profit of Ks. 10,000 which I believe will increase to at least Ks15,000 by the time I get the loan and buy the materials for the business.
I want to thank you in advance for funding my loan application. I will remain faithful as I have always done and pay even before my due date.
Feedback
Positive
6
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,076.00
Date disbursed
May 28, 2019
Repayment status
On Time
Projected term
13 months
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Ask Jane a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
nicole May 5, 2019
nicole Dec 7, 2017
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