Beadwork and leather

Nashipae Kaetuai

Isinya, Kenya

71% repaid

Entrepreneur

Name

Nashipae Kaetuai

Member since

March 2015

On-time repayments

136 installments  •  26%

About Me

I grew up in the remote part of isinya known as Enkirigiri. My primary education was in a local school in magadi and later went to Enoomatasiani secondary school for my KCSE certificate. I was unable to further my education due to stigmatisation of the girl child in the Maa culture at the time. I proceeded to make an income out of my hobby and thus, grew my business. Although I am yet to be blessed with a family, plans to secure a future with one are underway. Apart from my income earning hobby of beading, I enjoy hiking and long distance cycling.

My Business

My business, though majoring in one field, is highly diverse. The items include decorative house and personal ornaments for festivities and fashion. There is an increasing demand due to the rise in interest of the Maa culture. Many people want the items in their houses and events such as weddings. I chose the business as it featured my interests and required knowledge of the culture which I abundantly have. The costs incurred are for materials which mainly include hide and leather and the beads for decoration. That can be achieved with a basic if 10,000. The profit incurred ranges from 20% to 30%.for the profit I want to start a small farm To Help the community to buy wholesale vegetables and sale at a profit for them self's. It is used as reinvestment in business growth, savings and home improvement.

Loan Proposal

Hi Leander am applying for a loan of 150 $.this loan want to use it to buy equipment and tools to make leather table mats for the visitors we are having in our church coming from UK and US was given the opportunity to make and sale them at our church this December.
The loan I will buy
1)leather of 60$
2)beads of 45$
3)glue of 10$
4)string of 10$
And for the labour will spend 25$ for the decoration of the table mats. This project will benefit our community in financial and even having more orders it's an opening for alot more beadswork proposal.
The profit we expect to get 40% .if I buy all those beads and leather will be able to make 15 table mats and sale at 15$ to 18$ each this will help me pay back the loan and also have some more money to help my small sister for school shopping for next year it's cheaper to buy before January. Thanks alot in advance

Feedback

1

None

1

  • Helen Horseman    Nov 6, 2017

    Thank you for full repayment of your loan Nashipae.
    Best wishes for your business going forward.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$147.81

Date disbursed

Dec 13, 2017

Repayment status

Late

Projected term

6 months

Cost to entrepreneur

Service fee: $6.23

Lenders

Carla

United States

A

Anonymous

United States

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