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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  • Lewish Okero    May 17, 2021

    He's facing some problems with cash inflow due to covid but he's agreed to adjust his repayment schedule and clear the debt soon.

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  • Hadija Abdulahi    Mar 24, 2021

    Hello, Mark phone is not going through, I have however, left him a message.

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  • Mark Osano    Feb 17, 2021

    The business is currently not doing well

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  • Mark Osano    Feb 9, 2021

    I'm very grateful for your consistent financial support you offer towards my business, this loan would enable me purchased new stock for my workshop and at the same time pay my employees.

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  • Mark Osano    Feb 3, 2021

    Hi lenders, I'm very grateful for your consistent financial support towards my business which has resulted into subsequent business improvements. The loan you gave me really helped my business by increasing workshop stocks stock and payments of my employees.

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  • Mark Osano    Jan 5, 2021

    Hi lenders, I'm very grateful for having considered my loan application and successfully funded it. This loan would greatly improve my business since, it will enable me purchased workshop materials hence, improves working efficiency, Thanks alot.

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  • Mark Osano    Jan 3, 2021

    Happy new year my lenders, I'm very grateful for your previous financial support you which has really improved my metal workshop since, it enables me purchased working tools and materials hence, improved the working efficiency time management and satisfaction of my clients needs. Thank you very much.

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  • Mark Osano    Dec 10, 2020

    The business is currently not doing well, but I would adjust the repayments immediately it gets better

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  • Mark Osano    Nov 11, 2020

    The business is currently very down but I would increased it when it stabilised.

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  • Mark Osano    Oct 27, 2020

    Due to the effects of covid pandemic on my business

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  • Mark Osano    Oct 5, 2020

    The business is currently down due to the outbreak of covid 19 pandemic.

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  • Mark Osano    Sep 23, 2020

    The business is currently down due to the corona virus pandemic outbreak which has really affected y business.

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  • Mark Osano    Aug 21, 2020

    Due to the covid 19 outbreak in my country, the business is still very down

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  • Mark Osano    Jul 24, 2020

    The business is yet to pickup after which I'll adjust my weekly payments.

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  • Mark Osano    Jul 21, 2020

    i hereby take this opportunity to thank my lenders,i promise to fully utilize this loan appropriately.

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  • Mark Osano    Jun 11, 2020

    I'm very grateful for the previous loan which has really improved my workshop and my revenue collection hence my profit making. it also enables me to increased my welding workshop tools which eventually enables me to meets my customers demands effectively and in time.

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  • Mark Osano    May 21, 2020

    Due to the outbreak of covid 19 virus in my country and subsequent curfew in my country, the business is very down.

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  • Mark Osano    Apr 29, 2020

    The business is currently very down due to the outbreak of covid 19 virus and subsequent lock down which has really affected my business.

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  • Mark Osano    Mar 21, 2020

    The business is currently down but I will increased the payments when the business is steady.

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  • Mark Osano    Feb 12, 2020

    Due to heavy downpour within my place of work almost everyday and subsequent poor revenue collection, I would like to decrease the weekly repayments.

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