Loan to increase materials for my metal workshop

Mark Osano

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Mark Osano

Member since

November 2017

On-time repayments

149 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

If my loan is funded successfully, i would purchased the following materials for my workshop to enables me meets my customers demands: 10,Metal [email protected](8$),2 angle grinder @15000(150$),1 wire cutter @ksh4000(40$),1 angle finders ksh.8000(80$), 2 drill bits @ksh.5000(50$) 1 auto darkening helmet @ksh.15000(150$) and pay laborers ksh1700(17$).

Income Source

during this condition of pandemic most business have been affected but to my case i have other small business that are very much stable and will help me raise the money that will enable me pay for the loan without fail.Also i trust the proposed business due to the current demand and through all this i will never default in my loan payment

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$178.85

Date disbursed

Jul 21, 2020

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Service fee: $15.85

Credit risk payment: $15.85

Lenders

C

Christian

Saarbruecken, Germany

AltruisticSelfishnes

Chicago, United States

Martin

Manama, Bahrain

T

Tallago3

Munich, Germany

G

glomardor

Leonardtown, United States

Cloudways

Malta, Malta

lorello

Vicopisano, Italy

JTShorty

Gorham, Maine, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Bill2073

Florida, United States

isabelv

Barcelona, Spain, Sweden

paulclinton

malaga, Spain

A

AndrewC

London, United Kingdom

M

Mikel

Buchs, Switzerland

ibc123

Seattle, United States

xtrahardware

Cazenovia, United States

mikeice

Kohler, United States

G

GanSatya

United States

sderickson

Berkeley, CA, United States

MalcolmL

San Francisco, United States

TyWee

Manila, Philippines

B

bscent

Hong Kong

ThomasJosef

Berlin, Germany

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

S

Sven

Netherlands

Dave Bogard

New York, United States

Karijn

Amsterdam, Netherlands

Franmiguel

Perth, Australia

nickle23

New York, United States

Richard

Shrewsbury, United Kingdom

I

Ian

United Kingdom

ME

Manaal Eisa

Washington DC, United States

Aran Dunlop

United States

Douglas St Quintin

Sydney, Australia

D

Dave

Dropmore, Manitoba, Canada

HL

Harris Lin

New Zealand

Joost

Noord Brabant, Netherlands

J

Jason

West Palm Beach, United States

DK

Daniel Kalla

Saint Paul, United States

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