Selling traditional kikoy (a/k/a kikoi) shawls and blankets

Caroline

Ruiru, Kenya

100% repaid

Entrepreneur

Name

Caroline

Member since

April 2016

On-time repayments

158 installments  •  66%

About Me

My name is Caroline Wanjiku Njoroge. I am 29 years old and I come from Kerugoya in Kirinyaga County but I live in Ruiru Kiambu County. I am married and I have a daughter 5years old and a son 1 year old. I work as an editor in a publishing firm in Nairobi and I also buy vikoys from a company in Ruiru and send to my mother in Kerugoya to sell for me. I started with only 5 vikoys and was making a good profit and so I added to ten and the profit is amazing. In our place that is Kerugoya there is a lot of cold so they need those vikoys to protect themselves from the cold. I also have an mpesa business in Ruiru. My hobbies are cooking, swimming, investing and spending time with my family.

My Business

I sell vikoys in our home area. I get them from a company in Ruiru called spinners and spinners limited at a cheaper price which enables me to transport to Kerugoya. My mother is willing to help me sell them because our home area is very cold and so they are in demand there. The business is doing well and I also added blankets, baby shawls and maasai shukas. My mpesa shop is also doing very well. The profits I get from my businesses helps me in my family's upkeep because I have a daughter and a son. I also help my husband in repaying a loan that he took to pay for his school fees and also I still educate my younger brother. They have taken me to another level in life.

Loan Proposal

I will still do the business I was doing. I will restock the vikoys, blankets and baby shawls in my business. I have taken a bigger shop so it can help me add more stock. This will enable me to create employment to another one person and also support my family and my brother. The profit will increase since I will add more stock and the shop is bigger. So I can make a profit of upto 20 dollars a week.
Vikoys 5 dollars @
Blankets 10 dollars @
Baby shawls 2.5 dollars @

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 8, 2017

Repayment status

On Time

Projected term

8 months

Lenders

MM

Mike McGary

United States

K

Katherine

United States

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