Overlock machine for my tailoring business

Entrepreneur

About Me

My name is Alice Yator. I am 25years old. I was born in monogamous family and I am the third born in a family eight. My dad was an Administrative Police Officer while my mum is a house wife. My dad passed away in Eldoret. I went to Aluor girls secondary school in Kisumu. I later joined asumbi technical college where I pursued diploma in dressing making..
After completing my diploma in 2013. I looked for a job with no success. I finally landed a job in late 2014 but the payments was so poor. In early this year, with $120 savings from my previous employment I bought a sewing machine,I could not afford a premise by then so I used to work from my mums house. I did quality work and advertised my business,and with a few months I got so many referrals and my business was booming. I rented a small shop in our shopping center ,that I use for my business.
I like dancing ,singing, meeting new people and reading novels.

My Business

My business is located in Eldoret and it entails designing and dress making. The clients describe what they want,I design and get back to them. if they approve my work then I go ahead to make the dress,using there preferred materials.
Designed dresses are very important in the society today as most people prefer to wear what they like . I produce good quality work to help me retain my clients as well as get referrals to new clients.
In a month i spend $150 on buying materials,electricity and machine maintenance ,my monthly revenue average is $300. I make average $180 in profits
I use my profits to pay school fees for my sister a,save for business expansion and take care of my families general expenses.

Loan Proposal

I am requesting for lenders to help me expand my business through financing me to help me acquire a new overclock machine for my business. The new over lock machine will help me cut costs of hiring the machine at 0.5 per cloth and significantly increase my revenues. To add on that it will increase my efficiency and make me serve more clients. Thank you.

Feedback

Loan Info

Lenders