Inventory for my tablecloth 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 the amount to buy threads at the cost of US$ 45 and use the rest to hire somebody to help me in the work. This is because the work is expanding with the demand for the table clothes in our city coupled with the information the people are getting. The cost of hiring the extra person will be US$10 and this will be supplemented using the interest accrued from the business.
As, I have stated above, I will employ an extra person and also have more stock for the customers. It means the customers will be able to the wears nearby hence saving on time they would have spent searching for the wears.
I expect my interest to increase to US$100. This will ease my burden of caring for the family and improve further my living standard.
Thanks in advance for your kind consideration.
Feedback
Positive
6
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$537.00
Date disbursed
Nov 30, 2016
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
United States
Oslo, Norway
Cleveland, OH, United States
Hong Kong
United States
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Summary
Amount repaid
$537.02
Amount remaining
$0.00
Date repaid
Dec 7, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 11, 2016 | $10.07 | Dec 11, 2016 | $10.07 |
| Dec 18, 2016 | $10.07 | Dec 18, 2016 | $10.07 |
| Dec 25, 2016 | $10.07 | Dec 31, 2016 | $10.07 |
| Jan 1, 2017 | $10.07 | Jan 5, 2017 | $10.07 |
| Jan 8, 2017 | $10.07 | Jan 12, 2017 | $10.07 |
| Jan 15, 2017 | $10.07 | Jan 19, 2017 | $10.07 |
| Jan 22, 2017 | $10.07 | Jan 26, 2017 | $10.07 |
| Jan 29, 2017 | $10.07 | Feb 3, 2017 | $10.07 |
| Feb 5, 2017 | $10.07 | Feb 8, 2017 | $10.07 |
| Feb 12, 2017 | $10.07 | Feb 15, 2017 | $10.07 |
| Feb 19, 2017 | $10.07 | Feb 24, 2017 | $10.07 |
| Feb 26, 2017 | $10.07 | Mar 2, 2017 | $10.07 |
| Mar 5, 2017 | $10.07 | Mar 8, 2017 | $10.07 |
| Mar 12, 2017 | $10.07 | Mar 16, 2017 | $10.07 |
| Mar 19, 2017 | $10.07 | Mar 23, 2017 | $10.07 |
| Mar 26, 2017 | $10.07 | Mar 31, 2017 | $10.07 |
| Apr 2, 2017 | $10.07 | Apr 6, 2017 | $10.07 |
| Apr 9, 2017 | $10.07 | Apr 13, 2017 | $10.07 |
| Apr 16, 2017 | $10.07 | Apr 21, 2017 | $10.07 |
| Apr 23, 2017 | $10.07 | Apr 27, 2017 | $10.07 |
| Apr 30, 2017 | $10.07 | May 4, 2017 | $10.07 |
| May 7, 2017 | $10.07 | May 13, 2017 | $10.07 |
| May 14, 2017 | $10.07 | May 20, 2017 | $10.07 |
| May 21, 2017 | $10.07 | May 29, 2017 | $10.07 |
| May 28, 2017 | $10.07 | Jun 2, 2017 | $10.07 |
| Jun 4, 2017 | $10.07 | Jun 8, 2017 | $10.07 |
| Jun 11, 2017 | $10.07 | Jun 15, 2017 | $10.07 |
| Jun 18, 2017 | $10.07 | Jun 22, 2017 | $10.07 |
| Jun 25, 2017 | $10.07 | Jun 29, 2017 | $10.07 |
| Jul 2, 2017 | $10.07 | Jul 8, 2017 | $10.07 |
| Jul 9, 2017 | $10.07 | Jul 14, 2017 | $10.07 |
| Jul 16, 2017 | $10.07 | Jul 20, 2017 | $10.07 |
| Jul 23, 2017 | $10.07 | Jul 27, 2017 | $10.07 |
| Jul 30, 2017 | $10.07 | Aug 3, 2017 | $10.07 |
| Aug 6, 2017 | $10.07 | Aug 13, 2017 | $10.07 |
| Aug 13, 2017 | $10.07 | Aug 18, 2017 | $10.07 |
| Aug 20, 2017 | $10.07 | Aug 25, 2017 | $10.07 |
| Aug 27, 2017 | $10.07 | Sep 1, 2017 | $10.07 |
| Sep 3, 2017 | $10.07 | Sep 9, 2017 | $10.07 |
| Sep 10, 2017 | $10.07 | Sep 17, 2017 | $10.07 |
| Sep 17, 2017 | $10.07 | Sep 22, 2017 | $10.07 |
| Sep 24, 2017 | $10.07 | Sep 30, 2017 | $10.07 |
| Oct 1, 2017 | $10.07 | Oct 5, 2017 | $10.07 |
| Oct 8, 2017 | $10.07 | Oct 13, 2017 | $10.07 |
| Oct 15, 2017 | $10.07 | Oct 21, 2017 | $10.07 |
| Oct 22, 2017 | $10.07 | Oct 28, 2017 | $10.07 |
| Oct 29, 2017 | $10.07 | Nov 3, 2017 | $10.07 |
| Nov 5, 2017 | $10.07 | Nov 10, 2017 | $10.07 |
| Nov 12, 2017 | $10.07 | Nov 18, 2017 | $10.07 |
| Nov 19, 2017 | $10.07 | Nov 25, 2017 | $10.07 |
| Nov 26, 2017 | $10.07 | Dec 2, 2017 | $10.07 |
| Dec 3, 2017 | $10.07 | Dec 2, 2017 | $10.07 |
| Dec 10, 2017 | $10.07 | Dec 2, 2017 | $3.14 |
| Dec 7, 2017 | $6.93 | ||
| Dec 17, 2017 | $3.14 | Dec 7, 2017 | $3.14 |
nicole May 5, 2019
nicole Dec 7, 2017
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