Help me buy materials for ready made goods
Isaac
Burumba, Kenya
100% repaid
Entrepreneur
Name
Isaac
Member since
February 2015
On-time repayments
26 installments • 46%
About Me
My name is Isaac Ooko, I am certified fabricator and welder from Busia polytechnic . I schooled in Busia township primary school and went to Busia Secondary school for o-level .I am the third born in my family of 6 six. my dad is a farmer and my mum is a house wife.
After training as a welder and fabricator at Busia polytechnic, i appilied for government sponsored uwezo fund loan last year . I managed to get $300 ,that i used to pay for welding machine. I got a small room in town and started working. I had no money for materials and one week down the line no client had stepped in my shop. I knew I had bills to pay and loan to clear. I started walking into construction sites and asking for jobs. A break through come when my former primary school gave me a job to repair broken windows and chairs . I got $200 out of it . I was so happy. I paid half the loan and rent . From there things have not been bad and the business is slowly expanding.
I am a soccer fun and like watching English premier league during my free time.
My Business
I make metallic windows,gates,and doors for my clients. I always ensure I work within the required time frame and provide good quality work.
Busia county is growing at fast pace and people are constructing houses,hotels and schools always.All these requires doors ,windows and gates ,I am committed to be the most preferred supplier of these products in the next 2 years .
When I was young ,i wanted to be an engineer ,I loved metal works and I am happy I am doing it for a living.
In a month I spend $650 to pay rent and power. my monthly revenues range is $800-$1000. I use my profits to pay university fees for my sibling, supporting my aging parents and business expansion.
Loan Proposal
I am so grateful for the support you accorded me in my first loan.It really helped me out. I am requesting for a second loan to help me buy materials enough to make 3 doors for ready made market. I will make the doors and sell them to buyers who are not willing to wait for long and love the design of ready made doors. These will increase my sales by 60% since most customers come to my shop when I have a lot of work and cant serve there quick demands. I would really appreciate your support once again as the shop expands . Thank you for your kindness and support once again.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
May 6, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United States
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