Expansion of my custom hand-made carpet business

Caroline

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Caroline

Member since

July 2015

On-time repayments

284 installments  •  32%

About Me

I am a rural girl, having been born in the Machakos region of Kenya. I, however, currently reside in the bustling capital city of Nairobi where I am employed. I am married with two lovely boys. In my current post, I am a logistics officer for a beverages company, but on my off days I enjoy doing things with my hands and spending time with my family. I also enjoy the outdoors and love to travel when time allows.

My Business

I have dabbled in the making of custom, home-made carpets in the past with some measure of success. I have recently decided to shift focus to the making and selling of snacks. I have long had a passion for cooking. I enjoy trying out new recipes to cook meals for my family in my free time. I have also catered for my friends' parties in the past and received good feedback on the quality of food served. I intend to put these talents to good use in my new venture.

Loan Proposal

I usually produce my carpet on order basis since they are custom. The majority of my customers prefer to pay on collection which means I need to source funds to purchase material to make the required carpet. It often happens that I would be constrained when I have more than two orders to produce at the same time as my money is tied up with the current project.

I will use the proceeds of the loan to purchase more material (yarns, needles, plastic mats) for my business so that I am able to service more orders simultaneously thus expand my business.

Show original English  

About Me

I am a rural girl having been born in the Machakos region of Kenya. I however currently reside in the bustling capital city of Nairobi where I am employed. I am married with two lovely boys. In my current post, I am a logistics officer for a beverages company but in my off days I enjoy doing things with my hands and spending time with my family. I also enjoy the outdoors and love to travel when time allows.

My Business

I have dabbled in the making of custom, home-made carpets in the past with some measure of success. I have recently decided to shift focus to the making and selling of snacks. I have long had a passion for cooking. I enjoy trying out new recipes to cook meals for my family in my free time. I have also catered for my friends' parties in the past and received good feedback on the quality of food served. I intend to put these talents to good use in my new venture.

Loan Proposal

I usually produce my carpet on order basis since they are custom. The majority of my customers prefer to pay on collection which means I need to source funds to purchase material to make the required carpet. It often happens that I would be constrained when I have more than two orders to produce at the same time as my money is tied up with the current project.

I will use the proceeds of the loan to purchase more material (yarns, needles, plastic mats) for my business so that I am able to service more orders simultaneously thus expand my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Aug 14, 2015

Repayment status

On Time

Projected term

4 months

Lenders

G

guenter

Bremen, Germany

J

JulCam

Montreal, Canada

WE

Wendy Emlyn

Devon, United Kingdom

Diego

Monza, Italy

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