Tailoring machine

Lucy Openja

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Lucy Openja

Member since

January 2014

On-time repayments

88 installments  •  70%

About Me

MYSELF
I am woman a mother of two children. We live in Nairobi south. I am a business woman dealing with general merchandise depending on season and demand, before the covid 19 I was also doing tailoring, branding and safety. I had established a stable clients for the same and the return was good except sometimes payments take a while to come and hence I have to be involved with something else to complement my income during those dry spell. When the country has received amble rainfall I also sell horticultural produce to supplement my income. I mainly deal with tomatoes and vegetables (spinach and Sukuma) which have high demand and readily available during their season. I have a Bachelor of Art Degree from university of Nairobi. I started my business as a means of survival.
I started my small business with funds borrowed from a women group I belong to. I have also benefited from loan issued by the Kenya Government through my local bank, Co operative bank of Kenya (City hall branch) and Zidisha has also given me a loan thrice. I have a good history of loan repayment; I currently do not have any other loan either with my bank or with my women group. My business makes an income of Ksh 37,000/- per week during high season which is 9 months in a year the remaining three months it makes 13,500/- per week, and I also wish to mention that I do plan well for my money and my business. I do try to use all the good business principals as learnt in college and also in the various seminars I have attended. I am a very responsible person and I hope to grow my business very much and offer employment to some people in future. My biggest challenge has been finance. I would like to take this opportunity to mention that this is my fouth loan. The first one really improved my business not only financially but it increased my focus in business in terms of record keeping and increasing more client. The second loan set me up for a new venture I have always wanted to achieve. i.e tailoring uniforms for school and corporate, I feel most grateful to my lenders I lack words to express my gratitude. My third loan increased my business assets as I bought industrial business machine. It also established my financial challenges for a really long period of time now. The third loan helped me to start free range chicken and now I have a big number and I am selling eggs and the chicken.

I am kindly requesting for a fifth loan this time for expanding the chicken business as we are on lockdown so I spend more time at home. People are only buying mainly food now.

My Business

MY BUSINESS / SOURCE OF INCOME
I now have an established business of tailoring , branding and safety but I have always complimented it with sale of tomatoes and vegetables as the clients are the same.
The fact that I deliver and avail myself in their residential areas has enabled me to develop very close relationship with the customer and they do refer their friends and families to me too. I also give them credit facilities especially the ones I have known for some time and have good payment tract record with me. I am able to meet my customers demand in terms of quality and quantity.

I currently want to keep local free range chicken because I am spending a lot of time at home and my normal business income has reduced transically.

My monthly typical expenses for the business are as follows;
Stock 50,000
Transport 2,000
Packages 500
Receipt book 150
Record book 325
Payment voucher 320
Telephone 700
Advertisement 1000
Sales 105,000
Profit 45,000

Loan Proposal

The last loan I got helped me achieve my life time dream of opening a tailoring shop and I have been getting good orders from clients. I now need another tailoring machine to increase my capacity and delivery time.

The machine will cost Ksh 20,000/- and the balance I will used to increase stock in terms of fabric and threat.

I am positive that I will be in a better position to service the loan and I promise to do my best to pay all the money given to me interms of loan to enable other needy like me also benefit.

Feedback

5

None

None

  • David    Oct 20, 2020

    Loan was originally scheduled to take two months and regular payments completed the loan in about three months. I appreciated all the pictures posted on the discussion page.

    Log in to reply • Share
  • bert    Sep 13, 2020

    thanks for the regular updates and reliable payments. Keep up the good work!

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$242.83

Date disbursed

Sep 12, 2015

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $10.08

Lenders

W

WilsonLending

Atlanta, United States

R

RielCanadian

Lethbridge, Canada

M

MiguelGago

Guimarães, Portugal

mbunifu

San Jose, United States

thobach

Dresden, Germany

lorrymac

Killough, United Kingdom

T

tommy0579

Salt Lake City, UT, United States

Zidisha

Sterling, United States

tmisch

San Jose, California, United States

T

tnelson4

Madison, United States

S

setoc

Bragg Creek, Canada

Dan Haynes

Bozeman, United States

H

hanso

Arendal, Norway

D

Divergent

Bethesda, United States

E

ebronken

Oslo, Norway

IA

Ismini and Jerry

Stamford, USA, United States

D

danderson1953

Plainsboro, United States

D

davide

Vallentuna, Sweden

N

nanax005

SALEM, United States

ads68

Melbourne, Australia

E

Edijac

Strombeek-Bever, Belgium

R

Rachel

Vernon, Canada

Bobrm2k3

Charleston, United States

J

jlee928

Jacksonville, United States

Z

zedoud

Hamburg, Germany

L

Ldeschae

Gent, Belgium

Travis

Canada

O

Odysseus

Auckland, New Zealand

B

bagheera

Vienna, Austria

P

peaceandcarrots

Hilltop, United States

S

SnifferTheBunny

Brighton, United Kingdom

M

Mieli

Kotka, Finland

T

TodaRaba

Tacoma, United States

ibc123

Seattle, United States

M

mark3339

San Diego, United States

Déméter&Kotler

Paris, France

S

scottpz

branford, United States

I

ImSirFing

United States

S

sparty0410

Chicago, United States

I

ibd267

Ambler, United States

T

thegreek1020

San Jose, United States

C

CRR7x

United States

N

NateKettles

South Africa

Paul Buchheit

Mountain View, United States

N

nathaliekar

United States

poorinvest

Sandefjord, Norway

B

bugdaniel

Switzerland

K

Kimbo

Vietnam

Jacqueline Gueye

Melbourne, Australia

VK

Vasily Kudrin

Moscow, Russia

T

tehmle

United States

M

Medagan

San Franciso, United States

M

maddierae93

United States

adrianz

United States

H

hayek

Stuttgart, Germany

H

happyhappy

Switzerland

M

mcgeefamilyny

United States

T

Tony1

Australia

reluck

Marseille, France, France

JP

James Parker

Sacramento, United States

S Masler

Tennessee, U.S.A., United States

H

Hans

Germany

Frank Termathe

Frankfurt Main, Germany

S

Sebastian

Dortmund, Germany

EL

Erik Lönnroth

United Kingdom

Lauren

United Kingdom

M

mmartin

United States

Jerome

Switzerland

Haroldo Ramthun Junior

Pomerode - Santa Catarina - Brazil, Brazil

jtreyes

United States

Herbert Morin

United States

Kristina Speed

Seattle, WA, United States

BS

Bart Sturm

Amsterdam, Brazil

Andrew

Melbourne, Australia

Francoise Kuenzi

Neuchâtel, Switzerland

Mark Thumpston

Solihull, UK, United Kingdom

B

Beth

United States

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