Money to boost order for bead products

Hellen

Embakasi, Kenya

100% repaid

Entrepreneur

Name

Hellen

Member since

June 2017

On-time repayments

30 installments  •  20%

About Me

My name is hellen, I am a family woman in my late thirties. I was born in a rural setting which most people in my country refer to as ushago. We had a farm where we grew our staple food, the country's main food ; maize. In our home stead we were both farmers and business people too. I often helped my mother prepare boiled maize which we sold at the market. we also ground a few to make flour for cooking and later in the even sold roasted maize near the local stage. i have since grown up as a business minded person.

My Business

I belong to what here in kenya call ' chamas' , Our group makes bead products and sell them to local shops and markets. We consist of four members and we all contribute equally in man power. We also help each other raise funds to gather more stock and sell. I recently started my own business dealing with cereals. I wish to be financially independent and so my business will enable me to continue feeding my children, even when the chama as taken a partial break. I am only able to sell maize and beans in my small shop. I am able to make a total of 2500ksh per week, so repaying the loan will not be difficult for me,if i am fully funded.

Loan Proposal

The chama/ bead group has a short fall of approximateley 8000ksh to help us meet an order for a tourist group in karen area. The group has decided to therefore apply and share the burden of the total amount needed to boost this project. The 2500 recieved after the deduction in the membership fund , the money will all got to purchasing beads and other materials needed to complete the project.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$45.00

Date disbursed

Jun 30, 2017

Repayment status

On Time

Projected term

10 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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