Entrepreneur
Name
Anthony
Member since
January 2014
On-time repayments
9 installments • 33%
About Me
my name is Anthony i studied fashion and design in college and have a so much love with fashion.i run my own business anto fashion but currently am concentating more with mats but in future am looking to divesify to clothes as well.am a first born in my family so this has given me an added responsibliyy to be a role model to my sibling.i previously got hired by blankets company a company that the weaves blankets and that is where i got the idea of starting my own business plus the experience to handle the business and how to look for market for my products
My Business
am 29 yrs old looking to expand my business in design,i can make mat from wool that i have ready market with car dealers that are used as cover for seats instead of the rubber mat.i foresee my business improving judging from the demand that i have generated since i began.most of my work is done manually hence its time consuming and slow to finish one mat.if finance is available i want to buy a machine that will allow me to make upto 6mats in a day instaed of the 2 i have been making.the cost of the machine would be 250dollars.i sell one mat at ksh 3000 deducting cost of 1200 leaves me with 1800 as revenue .2mats give me 3600 in a day and around 75,000 in a good month.
Loan Proposal
wish to expand by wool mat business.am currently making 2mats in a day selling each at ksh 3000.my cost per mat is 1200 that gives me 1800 per mat and 3600 per day.however their is potential if i can invest in a machine that sews the mat then i would increase production from 2 to 6 in day.i have ready market where my product is sold to motor vehicle dealers .if funded to acquire the machine whose cost is 500 dollars.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jan 13, 2014
Repayment status
On Time
Projected term
5 weeks
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