Kachieri tailoring shop

Achieri

Konyango, Kenya

Funds disbursed

$0 to go

100% funded of $150 goal

days left

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How it Works

Entrepreneur

Name

Achieri

Member since

August 2015

On-time repayments

53 installments • 0%

About Me

I am Achieri Otieno 35 years old,married with three children. I live in Rusinga Island and have a leather craft shop in Mbita town just a 42kilometers in the outskirts of Homa-Bay. Rusinga Island is a fishing community town with a well structured fishing enterprises whose market is Nairobi city the largest city in East and central Africa. There is a huge ready market for the leather products at very competitive prices. Since I make motorbike seat covers, car cushions which are used to ferry fish to the banda, where they are being weighed.

I have not gone so far with my education because of a lot of financial issues in my family, so I decided to venture into the business to be able to raise school fees for my self and to supplement my family income. Since I had no one to help me, I started with one sewing machine, but I have a challenge of getting raw materials, since I order them from Nairobi. The cost of transport has steadily risen with time thus becoming expensive for me to afford to enhance the quality of my products. The earnings from the sale, were used to order few materials but with the family basic needs it could not be adequate. I trust that with the loan from Zidisha, I will be able to buy an extra sewing machine and also be able to order more materials. Thank you.

My Business

My wife runs a minishop where we sell basic leather products for example: Gadget bags, School bags, and a few Handicrafts. She is a very supportive and understanding woman, has encouraged me so much to apply for this loan, as she is willing to help me raise the installments as we work together to the success of the leather craft project, as it is more profitable. This will be for an interim period of three months as we wait for the leather products be of better quality for the market. The three months are enough to bring us enough money that can be re-invested in the farm for expansion purposes. This will ensure self sustainability for both her shop and the leather project. I look forward to expanding the Craft shop to a level whereby it will be supplying other Islands with leather products at the same time.
My dream is to start a Leather-Craft Academy that can be used as an education center to the youth who are trying to venture into a similar business as a way of dealing with unemployment.

Loan Proposal

I am requesting you sir/madam to help me expand my business through financing me to help me acquire a new overclock machine for my business and add more materials for the products. The new over lock machine will help me cut costs of hiring the machine at 0.5 per squared leather and significantly increase my revenues. To add on that it will increase my efficiency and make me serve more clients. Thank you.
I will buy materials at $60 and the remaining $90 I will use to over-lock machine. This
will increase my earnings and stock and customers will get their desire materials at easy, thus profit increase to 90%.