Buying yarns for knitting table clothes

Jane

Eldoret Road Bloak, Kenya

100% repaid

Follow Jane

How it Works

Entrepreneur

Name

Jane

Member since

January 2015

On-time repayments

312 installments • 87%

About Me

-I am a Married woman aged 53 I am the bread winner in my family
-I went to school up to primary level.
-One day I tried to start a business of selling paraffin but due to the high interest that the bank needed the business collapsed,I was supposed to pay the loan monthly but after taking the loan they changed to weekly which made me strain a lot to service.
-I started knitting when my business collapsed because I still needed to support my family and husband I started by knitting to my friends who after displaying my products in there Homes I got new customers which made the number to increase that’s how my business has been expanding.In Eldoret the population is so high and this is a good environment for my Business to grow.
I come from Kiambu and married to my Husband Who comes From Siaya I have been living in Eldoret for the past 30 yrs.

My Business

-I buy knitting threads from Eldoret town a role cost 1 $ each 1 set takes about 32 roles of thread which cost about 3200 /=(36 Us dolars) Kenyan shillings it varies with pattern in one month I can make 4 sates Which gives a nett profit of 5400/= (62 US Dollars)profit while my monthly expense are approximately 18200/=(209 US dollars)
The following is how I use my profit

10% give tithe to the Church
75% upkeep and food
10% support my grand Children
5% saving.

Loan Proposal

If my loan is fully funded, I will use the total amount to buy yarns which is the material needed for the knitting of table clothes at a cost of US$ 200 after the 13,000 KES has been deducted.

The will be of benefit to me as well as my clients. The demand is high and therefore enough yarns I will be even to engage some people to help me in the knitting.
This will also increase my profit at least by some extra US$ 10.

I will be pleased if you consider to fund my loan again for this will my third one.

Believe you will do so to enable continue to grow my business.

Feedback

Positive

Neutral

None

Negative

None

nicole May 5, 2019

My fifth (!!!!) loan with Jane -- still recommended!

Log in to reply • Share
nicole Dec 7, 2017

My fourth (!) loan with Jane, still one of the best!!

Log in to reply • Share