Loan to buy overlock machine

Merystela Maloba

Bukembe, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Merystela Maloba

Member since

January 2016

On-time repayments

36 installments • 53%

About Me

I was born to the late Peter Maloba and Rose maloba, I went to school upto O-level,I didn't do very well as I expected due to spending most of the school time away from school due to lack of school fees. I was determined to follow my heart and passion in dress making industry and therefore joined kisumu Polytechnic for dressing making course that I successful completed.
I faced great challenge when I was starting my business and that was lack of start up capital,I worked for three years while saving and buying equipment. I was finally able to rent a house and opened 'Maloba Designers" as any young enterpreneur the business has had its teething problems but I have been able to sail through. I am now determined to expand the business so as to start training of youths .
I am a born again christian blessed with good voice and so I love singing so much, I also love reading novels,making new friends, and traveling.

My Business

My young business involves dress designing and making , I work with my clients and always do according to there wishes so that the end product matches there taste and preferences. Apart from dress making I also do doors and windows curtains that meets the clients needs.
The demand for my services have grown steadily due to on time delivery and following clients instructions.In case a client is not satisfied ,I offer to redo the job so that they leave my workshop happy.
I choose these business because it required less capital both in training and start up .
my monthly costs are $130 and my monthly revenues are $300.
I use my money to support mother and my siblings as well as to buy goods and pay for my business needs.

Loan Proposal

Dear lenders, I hope you are well and I take these ooportunity to thank you for the good job you are doing and for your incredible love and kindness. I wish to request for the first loan that would help me buy an overclock machine for my business. An overlock costs KES 12000 ($120). I will top up the loan with my savings. The new overlock machine would help me save money that I use to hire and also increase my speed and efficiency hence help improve my business.