Washing machine for laundry services

Isaac

Kisumu, Kenya

Funds disbursed

$0 to go

100% funded of $6 goal

0

days left

Entrepreneur

Name

Isaac

Member since

October 2016

On-time repayments

11 installments  •  18%

About Me

My name Isaac okoth from the interior villages of siaya county in the western part of Kenya. I grew in the village where going to school was total fun. the first time I wore school shoes was in form one after completing primary. often we could be sent home for school fees,my dad having taken a golden handshake from public works when I was six and my mother a housewife. I completed high school with good grades but didn't manage to enrol for any course because of no funds.
I one time resolved to hawk household items at a wage of ksh.15 per piece of item sold to help sustain myself in the urban city of Kisumu where I met my wife and we are happily staying together.

My Business

Having stayed in town and looking for extra income I am thinking of starting up a laundering business where I can do dry cleaning and other laundry services. in this business I need a washing machine costing ksh.25000, 2 iron boxes. hangers, washing detergents and packaging bags for customers. Part of this I can raise from my employment.
I am requesting you support to help me meet this dream.

Loan Proposal

with this loan, I plan to begin buying the items I need for the business. I need the following in order to fully pick up
1: washing machine @26000
2; tumble drier @ 20000
3; washing detergents @2000
4 business permit @ 5000
5;rented premises at 10000
6: basins @ 400
7; packaging bags 2500
8: hungers 1000
stickers for identity of clothes @ 1000
receipt books @ 250
desktop and CPU for tracking clothes.
With this I am sure I can do savings little by little and with the amount I will receive, I will expand this business by recycling the profit into the business until it is well established.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$6.00

Date disbursed

May 15, 2017

Repayment status

Late

Projected term

6 weeks

Other loans

Lenders

MarktheMormon

Sandy, Utah, United States

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