Somying

100%
Somying needed £1,005.67 for her business.

Amount requested:

£1,005.67

Repayment term:

24 months

Activity type:

Sewing / Tailoring

Somying is a 40-year-old married woman and mother of two children, aged 22 and 18. She lives in a small community in Buriram province, Thailand, with her husband and both children. The family primarily relies on rice farming for their livelihood, and Somying also runs a small sewing business, earning a regular income. Additionally, her eldest child helps with the family’s farming activities, while the youngest is currently studying.

In 2018, Somying started her sewing business after learning the skills from a relative. She began by offering sewing services to local customers, and over the years, her business has grown steadily as she gained a reputation for quality work and excellent services. Somying offers a variety of sewing services, including custom clothing, alterations, and repairs, and primarily accepts orders tailored to her customers' specific requests. Moreover, she is always eager to improve her skills and expand her offerings to meet customer needs.

To improve her business operations and meet increasing demand, Somying has applied for a loan to purchase new sewing machines, sewing tools, and essential materials. Additionally, part of the loan will be allocated as revolving funds to ensure a steady supply of sewing materials and maintain smooth operations. This will allow Somying to work more efficiently, fulfil orders on time, and avoid delays caused by material shortages. She is confident that this investment will help her expand her business, generate more income, and bring her closer to her dreams of running a large business operation.

Loan added: 22 November 2024

Somying's loan repayment schedule

Date Expected repayments Actual repayments
£91.42
£78.47
£38.09
£38.09
£38.09
£38.09
£38.09
£37.95
£38.09
£37.31
£38.09
£36.94
£38.09
£37.40

The above amounts are indicative, based on the exchange rate the day this loan was added to the website. The actual amounts you will receive will be based on an exchange rate at the time the repayment is returned to your account. See our Help Centre for more information.

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