My business involves making ornamental beads from recycled paper. i intend to use the loan to acquire materials that wil...
Aloyce
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Aloyce
Member since
January 2014
On-time repayments
36 installments • 8%
About Me
My name is Aloyce. I am a Christian, a Sunday School teacher at my local church. I am married with one son. I am a freelance writer, I make the bulk of my living off this. I am also a farmer, rearing game birds (quails) for egg production. I am a graduate in with Bsc. Environmental Sciences. I have recently started a handmade jewelry business. This involves making handmade jewelry from recycled paper. I started this project because I am passionate about environmental conservation and would love to train young people, mainly from my church to produce and sell these ornaments while conserving the environment.
My Business
I am a freelance writer, making about $300 a month from writing. My birds are yet to start laying, but I project to make about $400 per month from this venture. I have done research on home made jewelry and established that I will be able to make about $500 a month selling my jewelry to friends both online as well as offline. From these ventures, I will comfortably service my loan, grow the business and help several youngsters earn a living. I will use the loan to acquire materials that will go into production of these homemade jewelry. In addition, I want to use the funds from this loan to market my products through a blog that I am in the process of developing. In the long term, I am hopeful that I will be able to export hand made jewelry as well as other craftworks to clients throughout the world.
Loan Proposal
I will use the loan to acquire materials for my project. These include used newspapers and magazines, rings, coloring materials, glue, vanish. I will also use part of the money to carter for transport from my place to the nearest city (Nairobi) to sell my product to ornamental shops.
My product is environmentally friendly and as such will immensely contribute to a cleaner environment. Since my production will go up, I intend to expand my business and hire a couple of youth to help with the work. I will hire and train a couple of unemployed youths and help them earn a living from making ornamental products from recycled paper. My long term goal is to have an ornamental shop that will export handmade jewelry to clients all over the world while creating employment to jobless youths.
I am thus appealing for willing lenders to help me realize this dream.
Thank you all
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Loan Info
Project Type
Classic Loan
Disbursed amount
$94.00
Date disbursed
Feb 13, 2014
Repayment status
On Time
Projected term
8 months
Lenders
Odense, Denmark
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