Inventory for my knitting business
Jane
Eldoret Road Bloak, Kenya
100% repaid
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 Ks 80,000 that is US$800 to buy knitting yearns and use the remaining Ks 12,000 that is US$120 for rent, tithe to the Church and assist my grandchildren.
This will help my customers to be able to get most of the table clothes within reach and also help me add another worker to help with the knitting. It will also in a small way enable to move as LI look for an expanded market.
This will increase my interest by at least Ks 5,000 that is US$50. With this I will be able have e better life and even be able to buy a few households to improve my standard of living.
Thanks in advance for funding my loan.
Feedback
Positive
6
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$907.00
Date disbursed
Dec 28, 2017
Repayment status
On Time
Projected term
21 months
Other loans
Lenders
United States
Ask Jane a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$907.20
Amount remaining
$0.00
Date repaid
May 5, 2019
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 7, 2018 | $19.71 | Jan 7, 2018 | $19.71 |
| Jan 14, 2018 | $9.85 | Jan 14, 2018 | $9.85 |
| Jan 21, 2018 | $9.85 | Jan 21, 2018 | $9.85 |
| Jan 28, 2018 | $9.85 | Jan 27, 2018 | $9.85 |
| Feb 4, 2018 | $9.85 | Feb 5, 2018 | $9.85 |
| Feb 11, 2018 | $9.85 | Feb 10, 2018 | $9.85 |
| Feb 18, 2018 | $9.85 | Feb 19, 2018 | $9.85 |
| Feb 25, 2018 | $9.85 | Feb 25, 2018 | $9.85 |
| Mar 4, 2018 | $9.85 | Mar 3, 2018 | $9.85 |
| Mar 11, 2018 | $9.85 | Apr 16, 2018 | $0.99 |
| Apr 23, 2018 | $8.87 | ||
| Mar 18, 2018 | $9.85 | Apr 23, 2018 | $9.85 |
| Mar 25, 2018 | $9.85 | Apr 23, 2018 | $9.85 |
| Apr 1, 2018 | $9.85 | Apr 23, 2018 | $9.85 |
| Apr 8, 2018 | $9.85 | Apr 23, 2018 | $9.85 |
| Apr 15, 2018 | $9.85 | Apr 23, 2018 | $9.85 |
| Apr 22, 2018 | $9.85 | Apr 23, 2018 | $9.85 |
| Apr 29, 2018 | $9.85 | Apr 28, 2018 | $9.85 |
| May 6, 2018 | $9.85 | May 5, 2018 | $9.85 |
| May 13, 2018 | $9.85 | May 12, 2018 | $9.85 |
| May 20, 2018 | $9.85 | May 12, 2018 | $9.85 |
| May 27, 2018 | $9.85 | May 21, 2018 | $9.85 |
| Jun 3, 2018 | $9.85 | May 21, 2018 | $9.85 |
| Jun 10, 2018 | $9.85 | Jun 3, 2018 | $9.85 |
| Jun 17, 2018 | $9.85 | Jun 3, 2018 | $9.85 |
| Jun 24, 2018 | $9.85 | Jun 13, 2018 | $9.85 |
| Jul 1, 2018 | $9.85 | Jun 13, 2018 | $9.85 |
| Jul 8, 2018 | $9.85 | Jun 24, 2018 | $9.85 |
| Jul 15, 2018 | $9.85 | Jul 6, 2018 | $9.85 |
| Jul 22, 2018 | $9.85 | Jul 6, 2018 | $9.85 |
| Jul 29, 2018 | $9.85 | Jul 11, 2018 | $9.85 |
| Aug 5, 2018 | $9.85 | Jul 11, 2018 | $9.85 |
| Aug 12, 2018 | $9.85 | Jul 28, 2018 | $9.85 |
| Aug 19, 2018 | $9.85 | Jul 28, 2018 | $9.85 |
| Aug 26, 2018 | $9.85 | Aug 14, 2018 | $9.85 |
| Sep 2, 2018 | $9.85 | Aug 14, 2018 | $9.85 |
| Sep 9, 2018 | $9.85 | Sep 5, 2018 | $9.85 |
| Sep 16, 2018 | $9.85 | Sep 5, 2018 | $9.85 |
| Sep 23, 2018 | $9.85 | Sep 7, 2018 | $9.85 |
| Sep 30, 2018 | $9.85 | Sep 7, 2018 | $9.85 |
| Oct 7, 2018 | $9.85 | Sep 10, 2018 | $9.85 |
| Oct 14, 2018 | $9.85 | Sep 10, 2018 | $9.85 |
| Oct 21, 2018 | $9.85 | Sep 23, 2018 | $9.85 |
| Oct 28, 2018 | $9.85 | Sep 23, 2018 | $9.85 |
| Nov 4, 2018 | $9.85 | Oct 6, 2018 | $9.85 |
| Nov 11, 2018 | $9.85 | Oct 6, 2018 | $9.85 |
| Nov 18, 2018 | $9.85 | Oct 17, 2018 | $9.85 |
| Nov 25, 2018 | $9.85 | Oct 17, 2018 | $9.85 |
| Dec 2, 2018 | $9.85 | Oct 22, 2018 | $9.85 |
| Dec 9, 2018 | $9.85 | Oct 22, 2018 | $9.85 |
| Dec 16, 2018 | $9.85 | Nov 3, 2018 | $9.85 |
| Dec 23, 2018 | $9.85 | Nov 3, 2018 | $9.85 |
| Dec 30, 2018 | $9.85 | Nov 15, 2018 | $9.85 |
| Jan 6, 2019 | $9.85 | Nov 15, 2018 | $9.85 |
| Jan 13, 2019 | $9.85 | Dec 5, 2018 | $9.85 |
| Jan 20, 2019 | $9.85 | Dec 5, 2018 | $9.85 |
| Jan 27, 2019 | $9.85 | Dec 7, 2018 | $9.85 |
| Feb 3, 2019 | $9.85 | Dec 7, 2018 | $9.85 |
| Feb 10, 2019 | $9.85 | Jan 1, 2019 | $9.85 |
| Feb 17, 2019 | $9.85 | Jan 1, 2019 | $9.85 |
| Feb 24, 2019 | $9.85 | Jan 16, 2019 | $9.85 |
| Mar 3, 2019 | $9.85 | Jan 16, 2019 | $9.85 |
| Mar 10, 2019 | $9.85 | Jan 28, 2019 | $9.85 |
| Mar 17, 2019 | $9.85 | Jan 28, 2019 | $9.85 |
| Mar 24, 2019 | $9.85 | Feb 2, 2019 | $9.85 |
| Mar 31, 2019 | $9.85 | Feb 2, 2019 | $9.85 |
| Apr 7, 2019 | $9.85 | Feb 10, 2019 | $9.85 |
| Apr 14, 2019 | $9.85 | Feb 10, 2019 | $9.85 |
| Apr 21, 2019 | $9.85 | Feb 16, 2019 | $9.85 |
| Apr 28, 2019 | $9.85 | Feb 16, 2019 | $9.85 |
| May 5, 2019 | $9.85 | Feb 19, 2019 | $9.85 |
| May 12, 2019 | $9.85 | Feb 19, 2019 | $9.85 |
| May 19, 2019 | $9.85 | Mar 2, 2019 | $9.85 |
| May 26, 2019 | $9.85 | Mar 2, 2019 | $9.85 |
| Jun 2, 2019 | $9.85 | Mar 8, 2019 | $9.85 |
| Jun 9, 2019 | $9.85 | Mar 8, 2019 | $9.85 |
| Jun 16, 2019 | $9.85 | Mar 14, 2019 | $9.85 |
| Jun 23, 2019 | $9.85 | Mar 14, 2019 | $9.85 |
| Jun 30, 2019 | $9.85 | Mar 16, 2019 | $9.85 |
| Jul 7, 2019 | $9.85 | Mar 16, 2019 | $9.85 |
| Jul 14, 2019 | $9.85 | Mar 22, 2019 | $9.85 |
| Jul 21, 2019 | $9.85 | Mar 22, 2019 | $9.85 |
| Jul 28, 2019 | $9.85 | Apr 1, 2019 | $9.85 |
| Aug 4, 2019 | $9.85 | Apr 1, 2019 | $9.85 |
| Aug 11, 2019 | $9.85 | Apr 14, 2019 | $9.85 |
| Aug 18, 2019 | $9.85 | Apr 14, 2019 | $9.85 |
| Aug 25, 2019 | $9.85 | Apr 20, 2019 | $9.85 |
| Sep 1, 2019 | $9.85 | Apr 20, 2019 | $9.85 |
| Sep 8, 2019 | $9.85 | Apr 26, 2019 | $9.85 |
| Sep 15, 2019 | $9.85 | Apr 26, 2019 | $9.85 |
| Sep 22, 2019 | $9.85 | Apr 30, 2019 | $9.85 |
| Sep 29, 2019 | $9.85 | Apr 30, 2019 | $9.85 |
| Oct 6, 2019 | $0.61 | May 5, 2019 | $0.61 |
nicole May 5, 2019
nicole Dec 7, 2017
Loading...