Beaded beauty / curios products for overseas market
Vincent
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Vincent
Member since
August 2016
On-time repayments
12 installments • 50%
About Me
I am the last born in a family of 6 six siblings, my parents died in a car crush while i was in my tender ages... 4years to be precise, Education was a challenge to me since none of my siblings were well enough to support me in my education and on several occasions i was forced to stay at home for lack of school funds, while at home i developed the love of art work and crafts. I manage through thick and thin and completed my collage Diploma in Information Technology,
I was first employed in a five star hotel in the capital city Nairobi in a Health and Spa department, that's where i started saving for my crafts business which i had developed a passion for. For the first few years all was well and i even left my employed work to fully concentrate on my business which was booming then and the returns were 100% !
I got married a few a year later and a blessed with Three Kids now, the cost of living is high here and i need to fend for my kids education and basic needs, that's why i decided to venture in exporting my products abroad.
Even though competition is building up by the day, I have manage d to open up three mobile outlets and i have clients who i deliver their orders two or three times month. I have created employment to four and i am willing to create more slots should i start selling abroad.
My Business
I am in the business of selling traditional African beaded beauty products for more than five years now, I wish to expand my business and to export my products to Europe, Australia and America. I came up with the decision as the cost of doing business here in Kenya and mostly Nairobi is rising by the minute, levies and permits are to the roof top now leaving one minimal profits, not like it used to be before. After a few consultations and extensive research , I have decided to expand my business overseas, and i have no doubt i will never go wrong on my selling African beauty products abroad.
Loan Proposal
Should my Loan be approved, It will furnish in the documents processing for exporting cargo and flight charges which amounts to approximately $316 for every 10kilogrammes, prices my differ depending on the country of destination, Besides the funds raised will assist in airport clearance and customs. I first will export to Netherlands where i have contacts and a few orders.
Besides generating revenue to my country, i intend to employ more staff from four to six at start up and continues to generate employment to many as the business grows.
The projection of profits increment is three weeks after the first shipment as the sales will be wired to my account through paypal.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$12.00
Date disbursed
Sep 4, 2016
Repayment status
On Time
Projected term
7 weeks
Other loans
Lenders
United States
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