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

None

None



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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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  • Carolyne Musyoki    Jul 2, 2021

    Hi lenders. I apologize for being unable to repay my loan accordingly. The reason is because my business is still not doing well.
    Kindly bear with me, hoping the situation will change for better. Thanks

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  • Carolyne Musyoki    May 18, 2021

    Hi my lenders.
    I am adjusting my repayment because I am not able to pay a big amount. My business collapsed and am struggling alot. Kindly allow me to pay any amount I get. Thank you for your consideration.

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  • Carolyne Musyoki    May 11, 2021

    I am humbly requesting to be allowed to pay any amount which I can manage because my business collapsed and am struggling alot in the house with all the bills and no income. Kindly consider my request. Thank you.

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  • Carolyne Musyoki    Mar 23, 2021

    My business is at stand still. Nothing much is happening.

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  • Carolyne Musyoki    Feb 18, 2021

    Hi. At the moment I am not able to pay the instalments because my business collapsed,I had to close my shop last year because it was not giving me any income and was not able to pay the rent. Am working on another business idea which I hope that it will succeed for me so that I can continue repaying my loan. I am very sorry for the inconveniences. Kindly be patient with me. Thank you.

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  • Janice Njoki    Feb 10, 2021

    Carolyne has requested for more time as she finds another way to get funds for her loan repayment.

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  • Carolyne Musyoki    Jan 28, 2021

    My business collapsed because of the pandemic. Am trying to restart again. Please give me some more time I reorganize myself.

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  • Carolyne Musyoki    Jan 25, 2021

    No business due to covid

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  • Gichuki Wa Nuthu    Jan 25, 2021

    I called Carolyne but didn't pick call.
    However, I managed to contact her sister,Rose Musyoki,and she promised to reach her for a discussion about rescheduling the loan

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  • Carolyne Musyoki    Dec 1, 2020

    My business went down.

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  • Carolyne Musyoki    Oct 13, 2020

    Low business growth due to the corona pandemic.

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  • Timothy Ayemba    Oct 8, 2020

    Musyoki informed me that her business is not doing good.

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  • Timothy Ayemba    Sep 8, 2020

    I called Musyoki and she told me that her business is not doing well.

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  • Carolyne Musyoki    Aug 13, 2020

    Business not doing well

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  • Carolyne Musyoki    Jun 17, 2020

    Due to the current situation if the civic 19 pandemic, my business is not in operation as I have been doing school supplies. I hope soon schools will reopen and continue with my business for me to be able to repay the loan.

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  • Carolyne Musyoki    Apr 29, 2020

    My business is not going on at the moment.

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  • Carolyne Musyoki    Mar 26, 2020

    Business not going on well.

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  • Carolyne Musyoki    Feb 10, 2020

    Hi lenders.
    Thank you for the funds, I received a total of Kshs. 19,639. I will use the money to buy stock for my vegetable business. Thank you so much.

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  • Carolyne Musyoki    Feb 8, 2020

    Dear my lenders.
    I thank you all so much for funding my loan, you have done me well and I am so happy and I appreciate your support.
    I will use the loan as capital to boost my vegetable supplies business. The loan will be of big help to me because I have been facing capital challenge since the institution increased the quantity they want me to supply. When I get the loan that problem will be solved.
    I once again thank you so much for the loan and I promise not to disappoint you.

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  • Carolyne Musyoki    May 9, 2019

    Hi my lenders. First I wish to thank you for your financial support and for your Patience with me during the loan repayment period. Sometimes my instalments were late and you gave time to repay,thank you. I also wish to inform you that I used my previous loan so well that the business gave me profits which I used to start my new business of General supplies. I am sorry for the inconveniences which I might have caused you during the repayment period especially the delayed instalments. I kindly request for your support once more in building my current business which I trust that I all goes well it will be a more sustainable source of income for me and my family. Considering the level of unemployment in my country and also the fact that I have tried to applying for jobs and I have not been successful, then my decision is now to be self employed. I kindly need your help to raise funds which I will buy a new computer for my business because the one I was using collapsed. I promise to make good use of the money and also I promise to repay my instalments on time.

    Kindly consider my application.

    Thank you in advance for your consideration.

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