Payments of school fees and purchase of business commodities

Michael

Gem Akala, Kenya

10% repaid

Entrepreneur

Name

Michael

Member since

September 2017

On-time repayments

47 installments  •  79%

About Me

I am Michael Otieno Owino born in 1972 and the first born in a family of 7 children. I went to Dhene primary school and later did kcpe examination in 1988. I went to Jubilee High School and got good grade and later join Sigilai youth polytechnique to study plumbing for two years. I got married in 2000 and God the creator blessed me with 4 children. The first born child who is in secondary school form two would like to be a doctor, the second born would like to be a teacher, the third child would like to be a nurse and the last born in primary class two would like to be accountant. In 2010, I went to Bondo town to look for plumbing jobs and later got good works of different building companies. I save some money to start retail shop for selling food stuffs and other consumable commondities to obtain profit and gradually provide food, clothes, paying school fees for the children and other secondary needs. In my place , we experiences heavy rainfall which is good for cultivation of crops and keeping of livestock. Commercial activities and transport sector is also booming thus leads to improved living standard and good education services. During free time expecially Saturday, I usually goes to church to prays, sings hymns, read bible at home and watches educational programmes.

My Business

In Bondo town, I am currently working with Mophata building and construction company limited, partly operating retail shop managed by my dear wife at home and seeking other plumbing jobs in other construction companies in Siaya county. Plumbing activity is quite plenty as county government offers plumbing jobs which help gradual developments in most sectors. With the little money got from Mophata building and construction company limited, profit earned from sales of food stuffs and other consumable goods and money got from other jobs got from some and other plumbing jobs in other construction companies in Siaya county expecially Bondo town and Rarieda sub county is used to provide food for the family members, clothes for the family members, settling of various business and work bills, paying of school fees for the children and meeting other plumbing, business and other extend expenses.

Loan Proposal

Disbursement will help to pay school fees for the children in Dhene primary school at a cost KES 5000 ,also buying plumbing equipment like 2 gate valves, elbows, 3 T elbows 2", 5 rubber connectors, 4 magic bends,5 pvc plugs 2",pvc beds 2",2 packets thread seal all at a cost of KES 6000.I'm expecting profit margin to increase by 50% and this will aid in purchasing food, clothes, payment of bills, paying school fees for the children and work improvement. Thanks so much for the financial services offered to me. God the Creator bless you Zidisha team and lenders.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$118.00

Date disbursed

Aug 15, 2018

Repayment status

Late

Projected term

2 months

Lenders

ads68

Melbourne, Australia

Thomas

Sweden, Sweden

D

Dalton

San Francisco, United States

Jean Wren Chan

United States

Genuine Interest

Singapore, Singapore

MM

Mac McKiva

United States

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