Jewelry business

Maureen

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Maureen

Member since

September 2017

On-time repayments

41 installments • 34%

About Me

I was born in a family of 3, two boys and I, who is the only girl. I went to Mary Leakey girls high school where I did my o-levels and managed to pass and joined a technical college where I did a diploma in business enterprise and entrepreneurship education.
I borrowed my parents some cash to start my own jewellery business.
I would buy them at a cheap price then I sell them at schools and party weddings.
I earn my income and I use the profits to expand my business.

My Business

I buy jewellery at a price of $0.5 for a pair of earnings and sell them at a 60% profit.
At a normal day I sell more than 15 pairs of earnings and bracelets.
I chose this business since its my passion and I love the beauty of art.
I use my profits in business expansion and buying food at my home.

Loan Proposal

I will use the loan to buy spiral wire jewellery that are very rare in many beauty shop. spiral wire jewellery is on high demand,I will buy them at wholesale price of $9 and sell them at retail price,my customers will save time to and bus fare to go long distance to buy this type of jewellery,I expect an increase in profit upto 60%which I will use to pay my loan and my business expansion.