Support capital for my supplies business

Carolyne Musyoki

Kitengela, Kenya

14% repaid

Entrepreneur

Name

Carolyne Musyoki

Member since

July 2014

On-time repayments

318 installments  •  50%

About Me

Hi lenders.
I am Carolyne Musyoki a Kenyan citizen by birth. I am 36 years old. I have been raised up in a big family of 13 children. My parents have been doing small scale farming till now and they were able to educate us to different levels.
I have gone through primary education all through to university level and I have a bachelor's degree in Agricultural economics and resource management and a master's degree in Fisheries resource management.
I have been applying for jobs and have not gotten a chance yet so I have been doing business for sometime now. My first business was selling cosmetics and beauty products and have also reared chicken and fish. Currently I am involved in Supplies business were I have a company which is registered. The supplies business is good for me but I have been facing challenges like lack of good capital and delays in payment. My major goal and dream is to see my company grow big to be an international company which will give job opportunities to young people who are jobless. I would also love to see myself being able to sufficiently provide for my family, my parents and give back to the society.

My Business

I have had several businesses but now I am doing general supplies were I have a company registered and in the special group category of youth. My company is 4 years old and it has been growing slowly due lack of capital. The products which I deal with include:
General office stationary
Fresh vegetables.
Cereals.
Electronics.
Hardware materials
Printing services.
I do not have a place to stock either of the product I supply but I source them from wholesalers when I get the orders. I love doing this business more than any other I have done in the past because I see a bright future through it for myself and others. At the moment I have gotten tenders to supply vegetables and stationary materials and the lack of enough capital has been a major challenge. I am sure that if I get financing I will be able to do more for myself and others who are in need.

Loan Proposal

I intend to use the loan to support my supplies business which at the moment is my only source of income. The loan will be a big boost to me as I will use it wisely to expand my business by looking for more tenders. My goal is to grow my company so that in future I will be able to support others by offering them a job.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$284.59

Date disbursed

Feb 8, 2020

Repayment status

Late

Projected term

17 months

Cost to entrepreneur

Service fee: $11.99

Credit risk payment: $64.75

Lenders

Kitty

Hailsham, United Kingdom

ElWal

Kirn, Germany

G

glomardor

Leonardtown, United States

Treesforpeople

Oxfordshire, United Kingdom

Anna Hoad

Toronto, Canada

Kevin

San Francisco, United States

Ren

Minneapolis/StPaul, United States

Vratik Krocik

Prague, Czech Republic

Nethanel Kohen

NYC, United States

John

United States

JR

Jose Ramirez

World, Spain

Rosella

Australia

S

sarah

Germany

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