Loan for sewing machine and school fees for my daughter

Mary Kibe

Githurai, Kenya

54% repaid

Entrepreneur

Name

Mary Kibe

Member since

March 2014

On-time repayments

172 installments  •  50%

About Me

My names are Mary Kibe. I was born in 1969 in Gatundu division, which is located in Kiambu County. I am a mother of two children, Elvys Murai, 12, and Angela Mashirima, 14. Currently, the two kids are in boarding school: one is in high school form two and the other is in class 6.

I live in Githurai city, a small town outside the outskirts of Nairobi. It’s a ten-minute drive from the capital city. I work in Nairobi city at a company known as Bpupco Limited, a company that deals with textile materials. It's located along Kirinyaga road in a building called Duberi. In this company I act as office administrator and also a marketer.

Four years down the line, it was fortunate that I separated with my husband for neglecting his duties. This really affected my life and I had to look for other means to bring up my children. With the little savings I had gathered by the time, I invested in buying bulk linen cloth from our company. The materials were tailored to small dozen of liners and after my job I would distribute the liners in nearby hospital shops and supermarkets. I am privileged to say that, from this humble beginning, I am now the main distributor of liners to big supermarkets at Githurai, the supermarket known as Kassmatt supermarket.

From my salary and income I have had from this investment, I have been in a position to cater enough for my kids, pay labour services to the tailors, and I am left with enough cash as my profit. One challenge that normally occurs is that sometimes linen materials go out of stock from the company, thus not meeting the demand of my customers. Other challenge is when I supply the products to customers who don’t pay promptly. Sometimes it take a month for them to clear, which makes work slow.

My Business

Despite being employed, I started my business four years ago of distributing liner cloth in dozens of baby shops and supermarkets. I distribute in wholesale and also in retail to individuals. I make these supplies during the evening hours and during the weekend as during the normal day I am at my job. Sometimes, when I am so busy, I am helped by my house girl to make the distribution and collection of money, as I have trusted her for the time we have worked together.

Apart from the challenges I had mentioned above, I am sometimes challenged by too many orders, which I cannot fulfill because the finance for the stock is not enough. My customers like my products because they are of good quality and not too expensive for a common man. However, it’s a profitable business: sometimes I earn $230 US. With this income, I believe I have a target to hit and big dreams to achieve. In cases when I may be not in a position to repay a loan whatsoever, I will have a good backup of my salary from my job.

Loan Proposal

It's my hope that this loan proposal will reach to lenders when fit and good. I am glad for the last three loans you have given to me: they have been very productive as they have really changed my life. I understood it has taken me a long while before applying for another loan since i fully repaid my loan. The reason behind this was because I had to make plans of how I had to use this loan. After my budgeting, this is the plan I have for this loan.

1. 60% of this loan I am going to use to purchase a new sewing machine, for I am intending to employ another staff member who will be using it. It will also play a part whenever there is a breakdown of the other sewing machine. I will count this as a plus advantage because sometimes the demands tend to be high, and therefore with a new machine I am sure I will be in a position to meet my customers' demands. My demand has risen because I was given a tender by a newly opened supermarket at Thika called Wanjumatt, and I am now their supplier for liner clothing.
2. 30% of the next loan i will put it to my daughters education, she school at a national school in westen called lugulu girls , i believe there is nothing important like investing in education and there urge you my lenders to fund me with the loan to maintain my girl at school, as you can see from my photos i have uploaded her photos at schoool during the visiting days.
3. 10% of the remaining loan will meet other expenses such paying for single business permit as we normally renew it during the month of march.

thanks alot as you fund my loan proposal. God bless you

Show original English  

About Me

My names are mary kibe, I was born in 1969 in Gatundu division which is located in Kiambu county am a mother of two children , elvys Murai 12 and Angela mashirima 14. Currently the the two kids are in boarding school one is in high school form two and the other is in class 6. I live in Githurai city, a small town outside the outskirts of Nairobi it’s a ten minute drive distance from the capital city. I work in Nairobi city at company known as Bpupco Limited a company that deals with textile materials its located along Kirinyaga road on abuiliding called duberi,in this company I act as office administrator and also a marketer.Four years down the line Its was fortunate that I separated with my husband for neglecting his duties . this really affected my life and I had to look for other means to bring up my children, with the little savings I had gathered by the time, I invested in buying a bulk linen cloth from our company , the materials were tailored to small dozen of liners and after job I would distribute the liners in nearby hospital shops and supermarkets, am priveledged to say that from this humble beginning am now the main distributer of liners to big supermarkets at githurai, the supermarket are known as Kassmatt supermarket. From my salary and incomes I have had for this investment, I have been in a position to cater enough for my kids, pay labour services to the tailors and am left with enough cash as my profit. Challenges that normally occur is that sometimes linen materials go out of stocks from the company thus not meeting the demand of my customers. Other challenge is that when I supply the products to customers who don’t pay promptly. Sometimes it take a month for them to clear which makes work slow.

My Business

despite being employed I started my business four years ago of distributing liner cloth in dozens to baby shops and supermarkets I distribute in wholesale and also in retails to individuals. I make this supplies during the evening hours and during the weekend as during the normal day am at job. Sometimes when am so busy am helped by my house girl to make the distribution and collection of money as I have trusted her for the time we have worked together. Apart from the challenges I had mentioned above, am sometimes challenged by too many orders which I cannot fulfill because the finance for the stock is not enough. My customers like my products because they are of good quality and not too expensive for a common man. Though it’s a profitable business sometimes I earn 230 US $ . with this income I believe I have target to hit and big dreams to achieve. In cases I may be not in a position to re pay a loan whatsoever I will have a good back up of my salary from my job.

Loan Proposal

its my hope that this loan proposal will reach to lenders when fit and good, am glad for the last three loans you have given to me they have been very productive as they have really changed my life, i understood it has taken me a long while before applying for another loan since i fully repaid my loan. reason behind this was because i had to make plans of how i had to use this loan. after my budgetting this is the plan i have for this loan
1. 60% of this loan am going to use it to purchase a new sewing machine for i am intending to employ another staff who will be using it, it will also play part whenever there is a breakdown of the other sewing machine, i will count this as a plus advantage because sometimes the demand tend to be high, and therefore with a new machine i am sure i will be in a position to meet my customers demand, my demand has risen because i was given a tender by a newly opened supermarket at thika called wanjumatt located in thika , am now their supplier for liner clothing
2. 30% of the next loan i will put it to my daughters education, she school at a national school in westen called lugulu girls , i believe there is nothing important like investing in education and there urge you my lenders to fund me with the loan to maintain my girl at school, as you can see from my photos i have uploaded her photos at schoool during the visiting days.
3. 10% of the remaining loan will meet other expenses such paying for single business permit as we normally renew it during the month of march.

thanks alot as you fund my loan proposal. God bless you

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Loan Info

Project Type

Classic Loan

Disbursed amount

$420.38

Date disbursed

Mar 30, 2015

Repayment status

Late

Projected term

30 months

Cost to entrepreneur

Service fee: $15.89

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Ask Mary a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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