“My hook na my yarn hizi ndio na my tool of trade.”
From Crochet to Cash Flow: Loan Advice
These words perfectly sum up Perpetua Omare’s passion for crocheting, a skill that has not only shaped her life but also her business.
A Mesher, crochet artist, and entrepreneur, Perpetua also teaches valuable skills such as basket weaving, soap making, and painting.
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Why Did She Take a Loan for Her Business?
Ku-expand her crochet biz, alichukua loan ya Ksh. 21,000 ikiwa na repayment period ya 3 Months na one-month grace period.
“Nia yangu kubwa ya kuchukua loan ilikuwa ni buy yarn in bulky”, she explains. Kubuy in wholesale ina lower productions costs, enabling her ku-price her final products na competitive prices.
What Challenges Did She Face After Taking the Loan?
Shortly after ku-secure the loan, alipata unexpected emergency. "Hii ilinitoa off track kidogo, part of the money I used to buy the yarn, part of the money nikatumia kunisaidia kwa hio emergency," she says.
This diversion of funds temporarily threw her off course, delaying her original business plans.
How Did She Get Back on Track?
Determined not to let hio setback i’define journey yake, Perpetua ali-work na her lenders ku-create a revised repayment plan.
Na ndio aweze ku-generate additional income, aka start a side hustle ya ku train madem na youths pale Dandora.
Aliwafunza vile ya ku-crochet, ku-weave baskets na kuunda soap. Hizi training session not only helped her ku-repay loan but pia zili empower wasee wengine kwa mtaa na valuable skills.
What Lessons Did She Learn from Past Loan Experiences?
Perpetua alikuwa initially hesitance na story za loan, juu ya bad experience ashawahi kuwa nayo previous na bank loan.
Hio time, ali-lack a clear plan ya vile angelipa leading to yeye kuwa overwhelmed na deni. However, hii time ali approach borrowing vi-different.
Juu ali create a detailed plan yenye ali-ensure amejipanga vile ya kumage the loan effectively.
What Is Her Advice to Fellow Entrepreneurs?
Perpetua ana believe loan kuwa a game-changer kwa biz kama inakuwa manage properly.
Advice yake kwa fellow Mesher, especially madem ni kuwa;
1️⃣ Take the risk: Loans inaeza kuokolea ku-grow, but kama uko willing ku take the leap of faith.
2️⃣ Kuwa na plan: Jua exacly vile utatumia na kurepay loan kabla uji-commit.
3️⃣ Ivana management: Loan ni about management, once umejua how to manage hio loan, hivo ndio itakusadia katika biashara.
For more articles na reerls zenye zina bonga kuhusu hii topic, check hizi links👇👇👇