Stock for my knitting business

Jane Otiu

Eldoret Road Bloak, Kenya

100% repaid

Entrepreneur

Name

Jane Otiu

Location

On-time repayments

306 weekly installments  •  86%

About Me

-I am a Married woman aged 53 I am the bread winner in my family
-I went to school up to primary level.
-One day I tried to start a business of selling paraffin but due to the high interest that the bank needed the business collapsed,I was supposed to pay the loan monthly but after taking the loan they changed to weekly which made me strain a lot to service.
-I started knitting when my business collapsed because I still needed to support my family and husband I started by knitting to my friends who after displaying my products in there Homes I got new customers which made the number to increase that’s how my business has been expanding.In Eldoret the population is so high and this is a good environment for my Business to grow.
I come from Kiambu and married to my Husband Who comes From Siaya I have been living in Eldoret for the past 30 yrs.

My Business

-I buy knitting threads from Eldoret town a role cost 1 $ each 1 set takes about 32 roles of thread which cost about 3200 /=(36 Us dolars) Kenyan shillings it varies with pattern in one month I can make 4 sates Which gives a nett profit of 5400/= (62 US Dollars)profit while my monthly expense are approximately 18200/=(209 US dollars)
The following is how I use my profit

10% give tithe to the Church
75% upkeep and food
10% support my grand Children
5% saving.

Loan Proposal

If my loan is funded, I will be able to Buy knitting yarns worth Ks 70,000 ( US$ 700) and at least employ somebody to help me with the work. The balance I use to buy a machine to assist now in the work costing Ks 39,000 (US$3900)
This will help us increase the production for I will buy a machine and more staff to work with me in knitting. Because the demand is increasing due to the kind of products we are producing. My customers will be getting what they want at the right time because we shall making may table ready for the market.

At the moment I am making a weekly profit of Ks. 10,000 which I believe will increase to at least Ks15,000 by the time I get the loan and buy the materials for the business.

I want to thank you in advance for funding my loan application. I will remain faithful as I have always done and pay even before my due date.

Feedback

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  • nicole    May 5, 2019

    My fifth (!!!!) loan with Jane -- still recommended!

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  • nicole    Dec 7, 2017

    My fourth (!) loan with Jane, still one of the best!!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,076.76

Date disbursed

May 28, 2019

Repayment status

On Time

Projected term

13 months

Cost to entrepreneur

Service fee: $48.40

Credit risk payment: $290.43

Lenders

C

CWS

Huntington beach, ca, United States

G

GalantnostS

Hong Kong, Hong Kong

J

Jason

New Jersey, United States

S

snowcrystal86

New York, United States

Ishaque

New Jersey, United States

investor

Candiac, Canada

torelizer

Reggio Emilia, Italy

jesuisneil

MATTESON, United States

cyrus0302

San Francisco, United States

AltruisticSelfishnes

Chicago, United States

lietu

Tallinn, Estonia

ninamaqami

Ankara, Turkey

MaxEmerika

Sonoma County, California, United States

Kjartan

Oslo, Norway

I

Interfree

Dubai, United Arab Emirates

C

czeisler

Hochheim, Germany

L

ldron7

Utah, United States

Martin

Manama, Bahrain

A

anonymus

Moon, United States

T

Tallago3

Munich, Germany

Pere

Barcelona, Spain

T

ToddK

Indianapolis, IN, USA, United States

A

ashtanga99

Newport, United States

J

JakeA

Wellington, New Zealand

MindMuse

Talking Rock, United States

P

pmyadlowsky

Charlottesville, United States

C

codairem

Berkeley, United States

A

AlexCheng

Seattle, United States

T

Timotte

WOLLONGONG, Australia

rosevines

New Orleans, United States

L

lujabe

Melbourne, Australia

B

briansedz

Canton, Ohio, United States

Krtecek

Balzers, Liechtenstein

Tavin

Ottawa, Canada

B

Bavarian

Bavaria, Germany

J

jasonbronowitz

Tempe, United States

C

chrisherron

Chicago, United States

dajawein

Gladstone, Australia

indeh

London, United Kingdom

S

SlyDoh

Tomball, Tx, United States

Sundstroms

Falun, Sweden

ElWal

Kirn, Germany

M

mrmrsw

Bournemouth, United Kingdom

C

Czosnek

Toronto, Canada

Z

Zippo

Berlin, Germany

Cloudways

Malta, Malta

Andreas1974

Fristad, Sweden

IA

Ismini and Jerry

Stamford, USA, United States

C

cravioli

geneva, Switzerland

J

jzidi

Los Angeles, United States

J

jdwiebe

Winnipeg, Canada

saturn4peace

Porterville, United States

I

Ilona

St Catharines, Canada

Jouni

Finland

Paul and Rachel

London, United Kingdom

AdvancingCompassion

San Diego, United States

S

SvenWaage

Stavanger, Norway

dcorbetta

Carate Brianza, Italy

B

bileiro

Mandaluyong, Philippines

R

Rking

Eugene, United States

R

RealUtopia

San Diego, United States

E

edgreig

Brixton, United Kingdom

yorick

Springfield, United States

skullyjo

Winnipeg, Canada

Ingela

Falun, Sweden

P

Peksa

Espoo, Finland

nakamura

United States

B

bek88

Fairview, United States

fairspirit

Utrecht, Netherlands

GH

Gav H

Langley, Canada

camilberlin

Berlin, Germany

Bobrm2k3

Charleston, United States

nmatpt

Lisboa, Portugal

J

Johannes

Pirmasens, Germany

joaoferraz

RINCHOA, Portugal

Treesforpeople

Oxfordshire, United Kingdom

indrayudha

Jakarta, Indonesia

M

Moonknight

Østre Gausdal, Norway

R

Ronnie

STOCKHOLM, Sweden

C

Colmena

Chicago, United States

W

WinWinNL

The Hague, Netherlands

H

HobbyCollector

Beach City, United States

A

aditsu

Tai Po, Hong Kong

mojobob

Hayward, United States

P

Pavane

Kungsbacka, Sweden

E

Escalada

Bakersfield, CA, United States

ibc123

Seattle, United States

xtrahardware

Cazenovia, United States

markpearson

Portsmouth, United Kingdom

H

happytrailsjpd

South Bend, United States

R

richdullaghan

Encinitas, United States

M

mibrahim51

Mountain View, United States

fransk

Culemborg, Netherlands

G

GreenMoney

Lahr, Germany

G

GanSatya

United States

B

BobHope

United States

sderickson

Berkeley, CA, United States

G

GoughGirl

Washington, Dc, United States

pvilliger

Zurich, Switzerland

L

lamar

lamar colorado, United States

T

tomcat14

Brussels, Belgium

J

Jonas

Linköping, Sweden

S

spivurno

United States

DavidHS

United Kingdom

Paul Buchheit

Mountain View, United States

M

Mal57

Australia

E

Eleorest

United States

J

jackdupee

United States

Landerson

Edinburgh, United Kingdom

B

bugdaniel

Switzerland

bb4dogs

United States

R

RosieWatrs

United States

joshuacollinson

Vienna, Austria

Insomnus

Cheltenham, United Kingdom

A

ajayhk

San Jose, United States

mepster

San Francisco, Ca, United States

johnhudson

Washington, DC, United States

chriseyre

Fremont, Ca, United States

A

angelapeat01

United States

R

RonEddy

United States

P

Panda6689

United States

L

luckiestmonkey

United States

B

bscent

Hong Kong

Laparo

Dusseldorf, Germany

M

Mkaput926

United States

TyrynyRed

United States

Grant Xavier Storer

Seattle, Wa, United States

I

idris

United States

ThomasJosef

Berlin, Germany

K

kennychit

United States

Otto Barten

Amsterdam, Netherlands

N

Nicolaas

Doha, Qatar

M

me.iulian

Iasi, Romania

adrianz

United States

F

frenchy

United States

M

mbarbier

United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

JP

James Parker

Sacramento, United States

JL

Joao Leal

United Kingdom

Martin Ward

Leicester, United Kingdom

KM

KHS Microfinance

Tampa, United States

Haim Si

Mexico, Mexico

S

Sven

Netherlands

Matthias

Frankfurt Am Main, Germany

Frank Termathe

Frankfurt Main, Germany

E

Erich

Zurich, Switzerland

Joerg

Velen, Germany

Jeroen Decock

Gent, Belgium

Dave Bogard

New York, United States

R

Robert

Berlin, Germany

SMOICE

Berlin, Germany

MW

Matt Willis

United States

W

Wade

United States

Jake Badger

Roskilde, Denmark

PC

Patrick Clavette

Hartford, Wisconsin, United States

PP

Pasi Paajanen

Helsinki, Finland

Lou Kaucic

Sanbornton, NH, United States

E

erica

antwerpen, Belgium

CN

Cyprien Noel

United States

AT

avni trivedi

United Kingdom

Daniel Hammarberg

Gothenburg, Sweden

Kevin

San Francisco, United States

HS

Harry Shulman

United States

MI

Matt Insler

United States

JC

JD Conley

United States

M

Marc

Newcastle upon Tyne, United Kingdom

Jennifer Weber

Canandaigua, Ny, United States

V

Vivek

Arlington, VA, United States

KL

Ket Lin

United States

C

cota

United States

JD

Jeff DePree

United States

YM

Yelka Mikolji

United States

Z

zaroastra

somewhere over the rainbow, Portugal

ME

Manaal Eisa

Washington DC, United States

WE

Wendy Emlyn

Devon, United Kingdom

Cristina Huesch

Canberra, Australia, Australia

PT

Paul T

Amsterdam, Netherlands

TH

tom hd

United Kingdom

MS

Max Stot

Stuttgart, Germany

R

Rembrandt

United Kingdom

F

Frits

Rotterdam, Netherlands

M

Mart

United Kingdom

PG

Paul Graham

United States

N

Nick

United States

Aran Dunlop

United States

wissam

Jeddah, Saudi Arabia

Callum Guy

Suffolk, United Kingdom

Jonathan Ely

Aldershot, United Kingdom

TF

Tom Fawcett

United States

Paul Smithson

Leeds, United Kingdom

Taylor

Memphis, United States

NR

Nina Roth

United Kingdom

R

Ryan

United States

CH

Cris Higham

South Africa

GT

Geoff Tucker

United States

Thomas

Sweden, Sweden

D

Dermo

Dublin, Ireland

V

Vidar

Oslo, Norway

A

Ashley

United Kingdom

KK

karl kerksiek

United States

G

Gil

Portugal

Julia Trigg

United Kingdom

A

AJ

United States

K

Karl

New Zealand

RG

Ravi Gadad

United States

AL

Adam Larkin

United States

J Laufs

Germany

Zack Stein

United States

I

ixeldog

atlanta, United States

JA

Jan Andresen

Hamburg, Germany

LZ

Li Zhang

United Kingdom

Sinan Taifour

Munich, Germany, Germany

Ren

Minneapolis/StPaul, United States

L

Lucy

Australia

Craig Travis Provyn

Bradenton, Florida, United States

M

Marama

Australia

Benjamin Kniaz

Boston, United States

SH

Stephanie He

United States

Day Family

Melbourne, Australia

VC

Victor Chong

United States

David McLauchlan

Seattle, United States

V

VJ

Canberra, Australia

R

Ryan

Albuquerque, NM, United States

D

Dalton

San Francisco, United States

C

Campbell

New Zealand

HCPSPIRIT

Helsinki, Finland

The Weltys

Averill Park, NY, United States

Jean Wren Chan

United States

M

Margaret

United States

Paul Thompson

York, United Kingdom

Z

Zidishartm

Rotterdam, Netherlands

PZ

Phillip Zink

United States

John Sercel

Florence, United States

LA

Laura Allen

United States

R

RMIM

United States

A

Aaron

United States

MM

Mike McGary

United States

Mike

Indianapolis, United States

Victoria Keenan

East Anglia, United Kingdom

M

Mary

United States

Katja

Switzerland

S

Sandi

Ocean Shores, Australia

ZS

Zach Silveira

Asheville, Nc, United States

John Barnett

United States

BN

Brian Neilon

United States

Sean Richards

Wilmette, United States

A

Anonymous

United States

L

Liz

Canada

MR

Micky Richards

United Kingdom

Carrie

Arlington, MA, United States

Jonathan Paugh

United States

Thereze Ovid

Brooklyn, New York, United States

BG

Bruce Garretson

Portland, Oregon, United States

Raoul

Germany

J

Johanna

Zürich, Austria

L

lysander

Australia

AP

Ariel Pollak

United States

T

TP

United States

RD

Roel De Meester

Antwerpen, Belgium

sbdoc

Reno, United States

AM

Andy Marston

United Kingdom

Claire Lewis

Wales Uk, United Kingdom

CP

Carina Paton

United States

FP

Fred Pratt

United States

MA

Mauricio Arguedas

San Jose, Costa Rica

J

JB

Germany

MN

Mau NA

United Arab Emirates

Elizabeth

Australia

WM

Will Martin

United States

JS

Joe Simmons

United States

JM

Joseph Moore

United States

T

Tineke

New Zealand

KB

Karl Bitz

United States

Brian Thomson

Lyndoch, South Australia, Australia

JK

Janardan Kelkar

Atlanta, United States

Nick Studenski

Minneapolis, United States

AC

Adri C

United States

WV

Wouter van Buizen

Amsterdam, Netherlands

DO

Denis Ontiveros

Guildford, United Kingdom

BR

Brian Rickman

United States

MH

Michael Herrick

California, United States

We Not Me

St. Paul, Minnesota, United States

AR

Axel Ratzer

Neuss, Germany

KM

Karen Marshall

Alice Springs, Australia

L

Lisa

United States

DB

Darren Boyd

United States

H

hayeswmiller

United States

EA

Eric Ayers

Atlanta, United States

A

Anonymous

United States

Peter Collins

Darmstadt, Germany

C

Camm

Australia

Maximilian Lim

Singapore, Singapore

B

Bram

Germany

Nathan

Columbus, United States

R

Roman

Germany

Cambium Foundation

Kirkland, United States

GF

Gammon Family

United States

United Kingdom

K

Kristyn

United States

C

Chris

United States

J

John

Minneapolis, United States

AN

Alex N

Australia

Ask Jane a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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