Long-distance trade in traditional fabrics

Winny

Migosi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Winny

Member since

March 2015

On-time repayments

18 installments • 39%

About Me

My name is Winny Olela, I am the 2nd born in a family of four. I was born in 1990.I went to lwanya primary school and later proceeded to Lwanya secondary school where I did my KCSE. I passed well ,but did not join tertiary insitution due to lack of finances.
i started my business after completing secondary school.my dad was ill and could not work and so we entirely depended omn my mum who was earning $60 from her work as a secretary. that was barely enough to take care of our needs. I joined Yap youth group where I contributed $3 per month.After 1 year I was qualified for $100 loan. I took the loan and bought materials for selling. The business did well and I was able to make some good profit. I settled on these business ,repaid my loan and I am now doing fairly well.
I actually started these business because I believed it was the most profitable venture,I still believe its the best business if i get the resources for expansion.
I am a planning to start a family next year and so there are no kids right now. I like traveling,meeting new people and singing.

My Business

my business ,involves supplying materials for making new dresses to both individuals who own dressing making shops.
I get good quality materials from neighboring,country Uganda and resell them to my clients in Kenya. the demand for my goods are relatively high throughout the year.
I choose these business because it had good profit margins and easy to manage.
I spend $1000 every month,for buying materials and traveling costs. my revenues per month is $1300.
I use my proceeds to pay fees for my sisters,buy medication for my dad and take care of other general living expenses.

Loan Proposal

dear lenders,I am kindly requesting you to finance me so that i can increase my stock by 10 pieces. These will help me enjoy economies of scale ,and increase my revenues. I will use my $100 loan to add stock. thanks in advance.