Entrepreneur
Name
Carolyne
Member since
July 2017
On-time repayments
11 installments • 45%
About Me
I am Carolyne a Kenyan born and bred in rural kenya .I am a diploma holder holding a salaried job and also engaging in side business of baking/selling cakes for occasions and also doing online sales of perfumes and handbags.
I am single mother of one son in Secondary school and also taking of my mother who is suffering dementia.
I currently have financial difficulties due to the medical cost of my mother hence i have found myself in a financial struggle . I therefore seek Finances to pay my sons outstanding school fees of Kshs. 40,000.00 He is currently at home for the last two weeks as i have not managed to raise the funds. In a weeks times they are scheduled to sit the end of term examinations and i really do not wish for him to miss out.
I realize that the funds I seek are far beyond my current borrowing capability . I humbly request anyone out there who could kindly assist so that my son does not miss out on his studies and I will be eternally grateful.
My Business
I decided to engage in side business as a way of making that extra cash and also as a hobby. I have tried out several venture including buying and selling second hand clothes and shoes as well as dealing in hair and beauty products like lotions, creams jewellery and hair accessories.
The reason i have chosen to engage in cakes is the changing trend i have taken notice of in my community where people are celebrating occasions and events taking place in their life by holding parties or cutting cake for commemoration.
For the beauty products the ladies and women love fashion and changing trends hence these are items they shall keep purchasing almost on a monthly basis.
I am also trying to venture into selling hand bags
Loan Proposal
When I get the loan I will top up with additional funds so that i can purchase lotions that clients have requested for from my beauty business.
This is a special client request an since it is a long running client i feel that the least i can do is avail the requested product as way of ensuring i retain her in my business and for future referrals.
The profit margin will not be so material to begin with but i believe with more orders on the way and large quantities sold the profits will increase to higher levels
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Loan Info
Project Type
Classic Loan
Disbursed amount
$4.00
Date disbursed
Feb 22, 2018
Repayment status
On Time
Projected term
3 weeks
Other loans
Lenders
United Kingdom
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Treesforpeople Sep 16, 2018
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