Long-distance trade in traditional fabrics
Winny
Migosi, Kenya
100% repaid
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.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 23, 2015
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
Seattle, United States
Haddon Heights, United States
Amsterdam, Netherlands
Bicester, United Kingdom
Singapore, Singapore
Philadelphia, United States
Switzerland
Ask Winny a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.