Knitting loom for scarfs

Appelles

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Appelles

Member since

May 2015

On-time repayments

23 installments  •  65%

About Me

I am the first born among four girls in our family. I can say that my upbringing was good went to good schools but did not perform very well in my O level exam this meant i did not get a chance to join university. However i went to college and studied Interior Design topped my class as the best student. A relative decided that i should couple my diploma in Interior with Graphics design so i studied Desktop publishing, to cut the long story short. I was unable to find gainful employment so i did decided with the skills i have in interior & graphic design i can start a business.
Other than that i am very creative make items from crotchet and i create and improve items for that extra feel .

My Business

My Source of income is mainly my savings. Before i bring an item to the market i do a small research and see how i can feel the gap, i try to create a demand for my goods. I choose this kind of business because i have a passion for it, and even though i may not make the sales am happy with my product at the end of the day.
I prefer to work on themes; depending on the theme on average i make Ksh 15,000-20,000 a month. From the proceeds o f my business invest part of the money back to the business, home improvements and my son's education.

Loan Proposal

When I get the loan i will purchase a knitting loom @ at USD 26 and also purchase different colours of wool to make to make scarfs, shawls @USD 22

When i get the loom i will train another person to use the loom, in the process the business will grow and i would have created employment.

I expect my profit to increase by USD.10

Feedback

2

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jun 20, 2015

Repayment status

On Time

Projected term

7 months

Lenders

nicole

Worcester, Ma, United States

Zidisha

Sterling, United States

ads68

Melbourne, Australia

E

Ejackson

United States

Janet Merrill Miller

The Mossy Pacific Northwest, United States

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  • Moses    Oct 26, 2015

    Dear lenders i will talk to Appelles and let you know what she will say

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  • Appelles    Sep 7, 2015

    I cannot be able to raise the amount required

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  • Moses    Aug 26, 2015

    Dear lenders i will call Appelles and explain how to reduce he weekly repayments.

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  • Appelles    Aug 17, 2015

    I am having difficulty in paying the amount because, the loan amount given to me was deducted to pay for my membership the balance, i received was not enough to buy the materials i needed, so i have been getting the money to pay the loan elsewhere.

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  • Appelles    Jun 19, 2015

    Thank you very much for the loan,
    I will be able to purchase one knitting Loom and some balls of Wool to make scarfs and ponchos. I will also be able to train one other person to use the loom thus creating employment and my business will grow.

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