Sewing machine and materials to expand my business

Silas

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Silas

Member since

January 2016

On-time repayments

35 installments  •  51%

About Me

My name is Silas Makanga, I was born in coastal region. I went to school nearby school called Mazeras primary school which is a public school. The school is situated a kilometer from our home. It made me feel tired to walk from home to school daily during the early ages in school. Sometimes there was fees problems. Since my dad used to drink almost every day with the lowest little money my mum acquire from selling vegetables. I proceed well upto standard six without many problems. I was forced to drop out in the second term due to lack of money for exam. I got to the market where I learned how to ride motorcycle, from one of my friends who was doing bodaboda. I was successful within one month i joined the bodaboda riders in our market. I did it for less than three months, fortunately, there was an introduction of free education throughout the country i was granted a course. I resumed back the following year i put all the effort to get good grades. The free primary education helped me so much, I joined secondary school to the heat blazing called Mazers high school. On joining, the retirement benefits of my dad were out so he paid without any problems. Since at that time he had stopped taking alcohol. I didn't score well during my form four examination thus i could not have joined University but i joined a polytechnic course and got a course in knitting clothes. I did well in it and then I joined a company at the market of making garments for a work. Though we were not paid well but i saved a little by a little until i raised these capital to start my business of knitting and repairing clothes in our market.

My Business

With the knowledge i got from polytechnic and the capital i raised from the company i joined, I was able to purchase a simple sewing machine which I normally now use it to repair clothes in the community. Though there were other people doing the same work, my business was doing better since i have undergone training course. I have worked very well with the experience i acquired and i have to be known by many customers due to good work and better prices for my job my early finishing off and making my customers enjoy my services. I am always available for my clients. Thus no pupil nor student can miss school due to torned uniform. I now get orders for making wedding clothes and school uniforms. I would like to expand my business and buy another sewing machine and employ another helper to improve my business. I will also create job opportunities to my community at large.

Loan Proposal

1.I will buy 2 sewing machines $137.25 and
Materials $ 58.82 to expand my business
2.I will knit many clothes and sell them to my customers. To others I will give them job opportunities in my business
3.I will like my profit to increase in 50% of the amount i got at the end of the month.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Feb 11, 2016

Repayment status

On Time

Projected term

4 months

Other loans

Lenders

Craig Newmark

United States

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