Loan to purchase metal materials for my workshop

Mark Osano

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Mark Osano

Location

Kisumu, Kenya

On-time repayments

138 weekly 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

Happy new year lenders, I'm very grateful for your consistent financial support towards my metal work business which has greatly improved both my personal household and my siblings. After successfully completing my previous loan, I would like to seek your support to further support this loan to enable me purchased the following;- 10,Metal [email protected] 700kes, 20,y10 twisted [email protected] 950kes, 15,angle line [email protected] 750kes and servicing of my welding machines at 5000kes.

Income Source

I'm part time doing horticulture and poultry farming which has been supporting both me and my family with both cereals, meat and financial al support after the sale of surpluses and therefore I'm sure I would get my weekly payment from it when my metal workshop failed me.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$202.62

Date disbursed

Jan 6, 2021

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $10.13

Credit risk payment: $26.33

Lenders

Myrar

Aarau, Switzerland

IM

Isak Maaseide

Tromso, Norway, Norway

F

flaguy999

Tampa, United States

JH

Joseph Hwang

Houston, United States

DK

Daniel Kalla

Saint Paul, United States

KM

Kirk Moore

Cerdanyola del Vallès, Spain

Sota Bookkeeping

Minneapolis, United States

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  • Lewish Okero    May 17, 2021

    He's facing some problems with cash inflow due to covid but he's agreed to adjust his repayment schedule and clear the debt soon.

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  • Hadija Abdulahi    Mar 24, 2021

    Hello, Mark phone is not going through, I have however, left him a message.

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  • Mark Osano    Feb 17, 2021

    The business is currently not doing well

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  • Mark Osano    Feb 9, 2021

    I'm very grateful for your consistent financial support you offer towards my business, this loan would enable me purchased new stock for my workshop and at the same time pay my employees.

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  • Mark Osano    Feb 3, 2021

    Hi lenders, I'm very grateful for your consistent financial support towards my business which has resulted into subsequent business improvements. The loan you gave me really helped my business by increasing workshop stocks stock and payments of my employees.

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  • Mark Osano    Jan 5, 2021

    Hi lenders, I'm very grateful for having considered my loan application and successfully funded it. This loan would greatly improve my business since, it will enable me purchased workshop materials hence, improves working efficiency, Thanks alot.

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  • Mark Osano    Jan 3, 2021

    Happy new year my lenders, I'm very grateful for your previous financial support you which has really improved my metal workshop since, it enables me purchased working tools and materials hence, improved the working efficiency time management and satisfaction of my clients needs. Thank you very much.

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  • Mark Osano    Dec 10, 2020

    The business is currently not doing well, but I would adjust the repayments immediately it gets better

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  • Mark Osano    Nov 11, 2020

    The business is currently very down but I would increased it when it stabilised.

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  • Mark Osano    Oct 27, 2020

    Due to the effects of covid pandemic on my business

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  • Mark Osano    Oct 5, 2020

    The business is currently down due to the outbreak of covid 19 pandemic.

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  • Mark Osano    Sep 23, 2020

    The business is currently down due to the corona virus pandemic outbreak which has really affected y business.

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  • Mark Osano    Aug 21, 2020

    Due to the covid 19 outbreak in my country, the business is still very down

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  • Mark Osano    Jul 24, 2020

    The business is yet to pickup after which I'll adjust my weekly payments.

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  • Mark Osano    Jul 21, 2020

    i hereby take this opportunity to thank my lenders,i promise to fully utilize this loan appropriately.

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  • Mark Osano    Jun 11, 2020

    I'm very grateful for the previous loan which has really improved my workshop and my revenue collection hence my profit making. it also enables me to increased my welding workshop tools which eventually enables me to meets my customers demands effectively and in time.

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  • Mark Osano    May 21, 2020

    Due to the outbreak of covid 19 virus in my country and subsequent curfew in my country, the business is very down.

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  • Mark Osano    Apr 29, 2020

    The business is currently very down due to the outbreak of covid 19 virus and subsequent lock down which has really affected my business.

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  • Mark Osano    Mar 21, 2020

    The business is currently down but I will increased the payments when the business is steady.

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  • Mark Osano    Feb 12, 2020

    Due to heavy downpour within my place of work almost everyday and subsequent poor revenue collection, I would like to decrease the weekly repayments.

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