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Purchasing soap, detergent, and washing basins for ironing business

John DoeJ
EntrepreneurKelvinLocationNairobi, Kenya
Project status
100%funded
$100raised
Disbursedon February 5, 2015

I am the sixth born in a family of 8. Growing up in such a big family was tough, particularly, as our parents were financially constrained. As such, I was unable to continue my education past form 2 level. However, during my 2 years in high school, I discovered my 'talent' in ironing clothes. Often, my classmates would give me their shirts and trousers, so I could iron for them. In return, I was able to get some stipend for my living expenses. After dropping out of school, naturally, I only thought of ironing clothes so as to sustain myself. I did some odd jobs and after 3 months I managed to save and opened my 'ironing place' or as we call them here "Dobi". This business has managed to support me and I am confident that going forward, I will be able to expand and boost my income potential.

As indicated above, I operate an ironing business. My customers are people who do not know how to iron themselves or do have have enough time for that. I charge the same amount for any cloth I am to iron, that is, ksh10 (This will be approximately 1 dollar for 10 clothes. My average daily earnings are $10.

My major expense is electricity, which I pay around 30$ a month. Other expenses include: rent $15 and trading licenses $5. On a typical month, I make about $200 in profits. I mainly use the profits for my family maintenance and paying school fees.I hope to grow my business by incorporating manual laundry services and employing one more assistant.

Dear Lenders,

I wish to seek your support for my loan fundraiser.

I wish to expand my ironing business by incorporating a manual laundry services. Customers will now be able to give me their dirty clothes and I will return back to them when they are clean and ironed. I will use the loan amount to buy soap and detergent in bulk @ $50, washing basins @ $10 and miscellaneous washing materials @10. I will then use about $10 for advertising my new service and about $20 to facelift my current premises and to look for an assistant that I intend to pay on commission basis for his/her services.

I will sincerely appreciate all the support you accord me. Thank you

Kind regards,

Kelvin Nduati