Loan to increase materials for my metal workshop

Mark

Kisumu, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Mark

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 plates@800(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