Funds for new stock of metal materials for my business

Mark Osano

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Mark Osano

Location

Kisumu, Kenya

On-time repayments

138 weekly installments  •  91%

About Me

I am a first born in a family of three and was born in Nyakach division in Kisumu County. Both my parents died and left me at very tender age which subsequently affected my early age education. I fortunately secured financial sponsorship from nearby mission church which paid my entire primary school fee. After completion of my primary level of education I stayed home for about ten years due to lack of financial support to take me to another level of education.
Due to lack of financial support for further studies in high school, I opted for a metal and fabrication course a craft course which was also sponsored by both nearby Christian church and non-governmental organization and I pursued it at Asumbi technical institute college from to 1980. Having completed it successfully, I now opened a metal work shop where have worked for over 10years. I chose this place after realizing that many of my customers were from the place and it was costing them time and money to reach my place which is about 50km. I have gained very much experience in this business and am earning a living from it. More so, it's paying all my bills including school fee for my siblings. I'm also saving my surplus for future expansion. Am married with two kids and my kids are still in primary school. I like watching football at my free time.

My Business

My business is Metal and fabrication which entails designing and making of metal materials such as :- Metal doors, metal windows, metal beds, metal tables, Metal gates, boxes and other metal materials. I have been in this business for now 15years subsequently gained more experience, made more customers and also learnt how to handle different customers. The business is giving me an average of Ksh.3000.00($40),to Ksh 5000($50),every day. This has been the sole source of my financial income and subsequently paying all my bills. I'm appealing to you lenders and Zidisha family to support my business expansion by funding my loan.

Loan Proposal

I have been saving the surplus from the business for its expansion and therefore, if this loan is considered and funded by , i would highly appreciate since, it will gives me an opportunity to purchase enough metal materials to facilitates the introduction of new products which are in demands by my customers. Subsequently my profit would increased by approximately 40%. Suppose my loan is successful i would buy the following:- increased the the metal stock to my workshop by 40,000KES($400), i would also increased the ready made material such as:- doors, windows, tables, and beds @ 50,000.00KES($500). This will gives me a Total of 90,000KES($900). Am very confident that the profit i get from the business would increased abundantly, and the business will repay loan without any problem. Thanks a lot lenders and zidisha team.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$55.21

Date disbursed

Aug 17, 2018

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $2.48

Credit risk payment: $11.16

Lenders

Cloudways

Malta, Malta

Severin Zörgiebel

Frankfurt, Germany

MM

Mac McKiva

United States

Outi

Finland

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