229 installments • 28%
I am married with one kid who is in baby class. I attended kenyatta university for two years and then differed because of financial constraints. I was taking bachelor of education, arts, which i hope to complete in the future. I am a devout christian, in fact i am a sunday school teacher at my church. I also do charity works especially with childrens home.
I make hand woven mats using canvas and thick threads. It takes me two days to complete a door mat. The materials of a door mat cost ksh 1500 and i sell it for ksh 2000-3000. I make atleast ksh 500 for every mat i make and it increases with the size. I lack the capital to buy materials for bigger mats. Customers also usually shy away from giving me deposit since i do not have a shop and operate from my house . Most of them also prefer ready made mats rather than waiting. I also hope to own a shop where customers will be able to come and visit.
I also help a friend in her salon and get a daily allowance of ksh 300. If granted the loan i will pay back using my daily allowance savings and the sales i will be making.
I would like to start a poultry farm in my upcountry. I would like to diverse in my business since thearket for carpets is sometime very low. I would like to start with ten chicken that is one cock and nine hens which will cost $120, i will use $30 to construct their shelter and the rest in feed and labour. The business is good since the indigenous chicken are cheaper to ince the chicken require less feeds and can survive in any cindition. I am also targeting the market during the festivities, i will also sell the eggs to the locals. I will pay back the loan from my carpet sales and allowances from my husband. Thank you in advance.
Aug 11, 2014
Cost to entrepreneur
Lender interest: $217.76 at 5.38% annual rate over 12 months = $11.72
Service fee: $7.78