Purchase materials for my handmade shaggy mats

Entrepreneur

About Me

I am young single mother of one girl. I am yet to graduate with Bachelors degree in Gender and development Studies in June this year. I live with my parents in Embu County in Kenya. Driven by the desire to provide for my daughter independently, i acquired a skill of making mats by hand which i have been selling to cater my needs as well as those of my daughter who is almost turning two years old.

My Business

I need a loan to advertise and brand my steadily growing business. Branding and advertising myself and my business will help my clients find me more easily as well as give me and adge over my competitors. The mats i make are better than those found in malls and supermarkets as I custom make the mats to suit the needs of the different clients. The mats are on demand as people want to have mats that are unique to their preferences and that is exactly what I offer. My main challenge is inadequate stock of materials and inability to reach clients who are not in Kenya. My expenses monthly are about $60 and from this i make about $110 every month. To advertise and brand myself, I am kindly asking for a loan of $450. Thank You.

Loan Proposal

I will use funds from the loan to purchase materials for making the handmade shaggy mats. This will ensure that i have low operational costs and that my products are cheaper than they currently are. The low operational costs will mean higher profit margins for me, so i will be able to repay the loan quickly. In addition, I will use part of the funding to invest in advertising of my work, so that i can reach a wider client base. Please support me in this project as i believe in myself and in my work, I am confident that my business will be able to expand and i can finally support my child and i comfortably. Thank You.

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