Loan to buy raw materials for making soap

Lucy Gacheru

Mombasa, Kenya

39% repaid

Entrepreneur

Name

Lucy Gacheru

Member since

June 2014

On-time repayments

51 installments  •  24%

About Me

I am Lucy Gacheru, 1st born in a family of six. Born in Narok County- Rift Valley region of Kenya and later relocated to Gilgil where the family still lives.
I later moved to Mombasa and to my late husband John Kiruri in 2008 who passed on in 2013 due to heart failure. I have one daughter who is 3years and 10 months old. She is now attending a pre-primary unit in year one. We started a business together with my late husband in Mombasa which I rely on for my daughter’s upkeep and other family expenses.

My Business

I deal with industrial chemicals for making detergents, body lotions, hair, carpet as well as car shampoos. I provide raw materials to people who manufacture these products on a very small scale. I serve many customers since these products are very popular with low income earners who are the majority in this town. They products provide a cheap alternative to the more expensive and well packaged products produced by multi-national companies.

Due to the large number of customers, the business gives me a fairly good income of about $500 after paying my 1 worker and the bills. I am intending to expand my business by hiring an extra worker who will help me in delivering the chemicals to clients. However, this will come at a cost since I have to buy him a protective gear and create a desk for him.

Loan Proposal

I intend to buy raw materials for my soap making business. I have planned to buy assorted colors (these are dyes and they are sold in kgs) - 5kg at a total cost of $60. I will spend the balance to buy perfumes for the same products.

The demand for my products has gone up and I want to have ready stock in readiness for the peak season at the beginning of the year.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$105.00

Date disbursed

Dec 22, 2014

Repayment status

Late

Projected term

8 months

Lenders

investor

Candiac, Canada

cyrus0302

San Francisco, United States

YB Song

Seoul, Republic of Korea

IM

Isak Maaseide

Tromso, Norway, Norway

Alexandra

Vancouver, Canada

H

howard

Vence, France

B

Bilal

Atlanta, United States

KM

Kirsty M

United Kingdom

B

Berrin

Stuttgart, Germany

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