Loan to buy raw material for making soap

Entrepreneur

About Me

My name is Jacinta Sammy. I was born in Machakos County in Eastern side of Kenya. After my secondary school education, I joined a college in Nairobi where I was trained as a secretary. However, due to lack of employment I settled for another job where I was employed in shop dealing with chemicals which are used to make detergents and shampoos.
I support my aging parents back home with the money I get from my business. I am a very active member of our church where I participate in the church choir as the lead soloist. I am also a very hardworking lady and I believe in growing day after day. I hope with the help of Zidisha, I will be able to reach great heights of development.

My Business

My business deals with making of detergents and shampoos. I then sell the finished products in my outlet. Due to the small quantities involved, most of the work is done manually. I buy the raw materials like hydrochloric acid, sodium hydroxide and industrial salt, mix them in the right quantities using buckets and then package the product in small containers.
The products are quite popular with low budget citizens who are very many in my area of operation. The quality is also good enough to be used in hospitals, schools and I am hoping that I will be able to penetrate this market if given credit to enable me buy the raw materials in big quantities.
I am currently working with little raw materials which is just enough to serve domestic users. For me to go to bigger clients, I need to buy the raw materials in bulk. This will also increase my sales hence more profit.

Loan Proposal

I am glad for having completed repaying my loan. The money helped me in ways I did not imagine and my business has grown exponentially. I have now managed to get high profile clients such as hospitals and schools who are slowly embracing the home manufactured soaps and detergents.

The good sales that I am experiencing made it possible to repay the loan ahead of time. My new found success has come with its challenges since I now have many referrals and I need to buy more raw materials to cater for the surging orders.

For this reason, I have come back to you lenders asking for a second loan to boost my stock of raw materials. If given this loan, I will spend the entire amount to buy the raw materials to buy the raw materials such as caustic soda, hydrochloric acid etc. My budget for this is $300 but I will try to push for a discount use the balance to buy packaging material.

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