Entrepreneur
Name
Poulett
Member since
January 2015
On-time repayments
66 installments • 30%
About Me
i am a mother of two, a son and a daughter. my first born son just completed his primary education and he is joining high school this year. my daughter, my last born is in class six. bringing up children in nairobi is not easy because life is a bit expensive. therefore i run a personal business to help manage the situation and give my children a worthwhile lifestyle. i also work at food production company called frigoken in my neighborhood. i grew up in the village and after my secondary education i moved to Nairobi to start my own life away from the parents. the salary from the job i was doing was not enough so i decided to do something else to raise enough income. coming up with the business idea was not that hard because i have many talents. i started making earrings, bangles, shoe decorations and necklaces for my neighbors and today it has grown into a great business.
My Business
as mentioned earlier i make ornaments either earrings, necklaces, or shoe decorations depending on the clients orders. the items are always in demand because people always need decorations all around the year. i chose this kind of business because it allows me to work and still manage my family at the same time being a mother and a wife. additionally, this kind of business enables me to touch the lives of those young people mostly living in the slum areas of Nairobi. i have taught a group of young people how to make these items and this gives them a purpose rather than to stay on the streets. in fact, some kids have been able to pay their school fees and buy books from the items they help me make since most of their parents are not able. the costs i incur in my business include the costs for purchasing the leather and beads as well as the payments i give to those young people who assist me to make the ornaments. i use some of the profit from my business to pay schools fees for my children and the rest i reinvest in the business.
Loan Proposal
I design accessories using leather and beads, but I do not have the sewing machine to cut the leather or bind the materials together after making them. The lack of the machine makes it hard for own my business entirely. Therefore, I would like to request for your help once again so that i can be able to buy the sewing machine which will enable me to own the entire production line and make more profit. I expect the profit to double with my own machine. Thank you in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Oct 16, 2015
Repayment status
Late
Projected term
7 months
Other loans
Lenders
Munich, Germany
United States
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