Loan to increase materials for my metal workshop
Mark
Kisumu, Kenya
100% repaid
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
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$178.00
Date disbursed
Jul 21, 2020
Repayment status
On Time
Projected term
8 months
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Summary
Amount repaid
$178.85
Amount remaining
$0.00
Date repaid
Dec 30, 2020
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 31, 2020 | $1.00 | Jul 25, 2020 | $0.99 |
| Jul 26, 2020 | $0.01 | ||
| Aug 7, 2020 | $1.00 | Jul 26, 2020 | $0.48 |
| Jul 28, 2020 | $0.51 | ||
| Aug 14, 2020 | $1.00 | Jul 28, 2020 | $0.48 |
| Aug 2, 2020 | $0.51 | ||
| Aug 21, 2020 | $1.00 | Aug 2, 2020 | $0.48 |
| Aug 3, 2020 | $0.51 | ||
| Aug 28, 2020 | $1.00 | Aug 3, 2020 | $0.48 |
| Aug 4, 2020 | $0.51 | ||
| Sep 4, 2020 | $2.47 | Aug 4, 2020 | $0.48 |
| Aug 10, 2020 | $1.00 | ||
| Aug 16, 2020 | $1.00 | ||
| Sep 11, 2020 | $1.00 | Aug 23, 2020 | $1.00 |
| Sep 18, 2020 | $1.00 | Aug 29, 2020 | $1.00 |
| Sep 25, 2020 | $1.00 | Sep 3, 2020 | $1.00 |
| Oct 2, 2020 | $1.00 | Sep 7, 2020 | $1.00 |
| Oct 9, 2020 | $1.00 | Sep 11, 2020 | $1.00 |
| Oct 16, 2020 | $2.99 | Sep 16, 2020 | $1.00 |
| Sep 19, 2020 | $1.00 | ||
| Sep 21, 2020 | $1.00 | ||
| Oct 23, 2020 | $1.00 | Oct 1, 2020 | $1.00 |
| Oct 30, 2020 | $0.50 | Oct 6, 2020 | $0.50 |
| Nov 6, 2020 | $0.50 | Oct 6, 2020 | $0.49 |
| Oct 14, 2020 | $0.01 | ||
| Nov 13, 2020 | $0.50 | Oct 14, 2020 | $0.50 |
| Nov 20, 2020 | $0.50 | Oct 14, 2020 | $0.48 |
| Oct 21, 2020 | $0.02 | ||
| Nov 27, 2020 | $0.50 | Oct 21, 2020 | $0.50 |
| Dec 4, 2020 | $1.47 | Oct 21, 2020 | $0.47 |
| Oct 26, 2020 | $1.00 | ||
| Dec 11, 2020 | $0.50 | Nov 3, 2020 | $0.50 |
| Dec 18, 2020 | $0.49 | Nov 3, 2020 | $0.49 |
| Dec 25, 2020 | $1.00 | Nov 15, 2020 | $1.00 |
| Jan 1, 2021 | $1.00 | Nov 16, 2020 | $1.00 |
| Jan 8, 2021 | $1.00 | Nov 19, 2020 | $1.00 |
| Jan 15, 2021 | $1.00 | Nov 27, 2020 | $1.00 |
| Jan 22, 2021 | $1.00 | Dec 5, 2020 | $1.00 |
| Jan 29, 2021 | $1.00 | Dec 9, 2020 | $1.00 |
| Feb 5, 2021 | $0.50 | Dec 17, 2020 | $0.50 |
| Feb 12, 2021 | $0.50 | Dec 17, 2020 | $0.49 |
| Dec 22, 2020 | $0.01 | ||
| Feb 19, 2021 | $0.50 | Dec 22, 2020 | $0.50 |
| Feb 26, 2021 | $0.50 | Dec 22, 2020 | $0.48 |
| Dec 27, 2020 | $0.02 | ||
| Mar 5, 2021 | $0.50 | Dec 27, 2020 | $0.50 |
| Mar 12, 2021 | $44.72 | Dec 27, 2020 | $0.47 |
| Dec 28, 2020 | $44.25 | ||
| Mar 19, 2021 | $44.72 | Dec 28, 2020 | $5.53 |
| Dec 29, 2020 | $29.86 | ||
| Dec 30, 2020 | $9.33 | ||
| Mar 26, 2021 | $44.72 | Dec 30, 2020 | $10.57 |
| Dec 30, 2020 | $29.86 | ||
| Dec 30, 2020 | $4.29 | ||
| Apr 2, 2021 | $14.83 | Dec 30, 2020 | $14.83 |
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