Increase inventory for my school uniform business to support my charity school

Charles Owino

Nairobi City, Kenya

52% repaid

Entrepreneur

Name

Charles Owino

Member since

June 2014

On-time repayments

108 installments  •  59%

About Me

I grew up in a remote village in Western Kenya along the shores of Lake Victoria.I was involved in child labour since I started fishing at a tender age of 6,this was because I was an orphan. Through my perseverance and community support managed to go to school and overcome all these. I started this business because I also wanted to give back community and that is why I chose school business and currently there are 40 orphans and vulnerable who are learning at the centre free of charge ,we managed to register 20 this year 2015.
Kayole being in a city has almost all the communities in Kenya with diverse culture, I would like my children to do community work in future and I like watching football and I am the most loyal supporter of Chelsea Football Club in Kenya.

My Business

I do two businesses in one; I provide services in form of education and also sell school uniforms to the children at the school and others in the community. The uniforms are in high demand when the year starts since most of the children will be in need of new school uniform and others might have changed school. I choose this business because it is a long term business since children are born daily and clothing in a basic need and education is also important. A full school uniform cost $ 8 and can be sold @ $ 12.The profits are ploughed back to the business to expand it and also support the orphans and vulnerable children at the centre.

Loan Proposal

I will use the loan to purchase more shirts,sweaters,truck suits,trousers,socks and printing of some uniforms.I will specifically purchase 10 truck suits @$80,20 sweaters @$80,20 ,6 dozens of socks $60,20 [email protected]$ 80.I will use the remaining amount for painting of the room and printing of trucks.It is appreciated that from the sales of trucks $30,I will a profit of $30,sweaters $30,trousers $20.The stocks will be sold in approximately 2-3 weeks then another batch will be procured and sold.

Feedback

3

None

1



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$440.00

Date disbursed

Mar 7, 2016

Repayment status

Late

Projected term

12 months

Cost to entrepreneur

Service fee: $18.15

Charles opted to pay $107.96 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

johnfay

Lusaka, Zambia, South Africa

J

Jason

New Jersey, United States

AltruisticSelfishnes

Chicago, United States

Hope2012

United Kingdom

Vanamo

Helsinki, Finland

J

jasonbronowitz

Tempe, United States

Sundstroms

Falun, Sweden

ads68

Melbourne, Australia

N

Nassara1

Evergem, Belgium

E

eirccharrie

Cupertino, United States

H

hchsmicroloans

New York, United States

U

UmSaeed

Southfield, United States

A

amnesiac

Adelaide, Australia

Alina

Amsterdam, Netherlands

A

Aaron

Zurich, Switzerland

H

hivervan

watou, Belgium

Ingela

Falun, Sweden

Sunnyside

Stafford, United Kingdom

L

lilbsedz

Raleigh, United States

Vla911

Milan, Italy

jhealy87

Silver Spring, United States

R

rebdhen

Louisville, United States

davidt

San Francisco, United States

S

solarkismet

Logan, United States

A

acolomitchi

Eynesbury, Australia

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

J

jocke

Stockholm, United States

A

AndrewC

London, United Kingdom

M

MHarrison

Bristol, United Kingdom

J

johneaton

Ludlow, MA, United States

HernanB

Berlin, Germany

R

rosebo

Bend, United States

G

Gdrvasc

Frederick, United States

Freewolf

Salt Lake City, United States

M

markus61

cologne, Germany

S

samthewill

Winterthur, Switzerland

S

svt19

Toronto, Canada

I

ingredion00

Indianapolis, United States

M

mibrahim51

Mountain View, United States

E

emilyeaton

New York, United States

K

ksiebrandt

Omaha, United States

M

mueba

Frankfurt, Germany

A

akshu71

Ottawa, Canada

D

dj9812

United States

M

Morgan1301

United States

L

liseman

United States

G

grogzoid

United States

E

elhh82

Petaling Jaya, Malaysia

R

robcarslake

London, United Kingdom

J

jake7705

Wilsonville, United States

K

Kramer91

Kamerik, Netherlands

P

Peaches

United States

M

Mcohan21

United States

D

ducks127

United States

A

adiipienaar

South Africa

L

lfender6445

United States

jonnyhj

Stockholm, Sweden

R

Reiners

Australia

M

meiyiz

United States

W

wyogirl

United States

D

diamatta

United States

A

ATMiller

United States

S

salonasante

United States

N

Nekochan26

United States

J

Jrung

United States

P

pkoy04

United States

S

sarah4d2

Saint Louis, United States

C

cathyu2crazy

United States

H

hedyeyre

United States

S

simonthompson99

United Kingdom

S

Sophia20450

United States

AndrewNeu

Ho Chi Minh, Vietnam

fang

United States

D

dh1423

United States

H

harriet

United Kingdom

SuperMario28

Cudahy, United States

melissapmeier

United States

Karijn

Amsterdam, Netherlands

MW

Matt Willis

United States

Thomas

Basel, Switzerland

LJ

United States

Corina King

Calgary, Canada

KM

Keir M

London, United Kingdom

Diego

Monza, Italy

Elise E

United States

kt

Brush Prairie, United States

roark22

Geneva, Switzerland

Jes-c

United States

JB

James Brooks

United Kingdom

P

Peggy

United States

Ask Charles a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Charles Owino    Dec 5, 2016

    I am now happy that I have repaid over 50 % of my loan in a week or so.I hope to clear before the end of the year.From the look of things it was as if this loan was not going to be repaid but I said to myself that it cant and will never happen as long as I live.

    Log in to reply • Share
  • Charles Owino    Dec 4, 2016

    I am in a position to more since my loan is long over due.

    Log in to reply • Share
  • Charles Owino    Nov 25, 2016

    If someone thought I was going to be among the numbers of those who get lost with Zidisha Loan then you are wrong think again .I have started and it will continue it doesn't matter whether I will get another loan what is important to me is repaying the current one.

    Log in to reply • Share
  • Charles Owino    Oct 9, 2016

    I am happy to report that my loan repayment if commencing this week and I hope to complete soon.

    Log in to reply • Share
  • Elise E    Apr 26, 2016

    Charles, there has been no repayment for over 6 weeks. Are you alright and can you update us on when you will start repaying your loan?

    Log in to reply • Share
    • Charles Owino    Apr 26, 2016

      Hi Elise and every other lender together with Zidisha team.I know I have not made any payment for over a month and what contributed to this partially the team,when I did clear my last loan I have an expectation but when I made the application I got less money that I was expecting so it made my plans to fail,I tried reducing the amount but I was told I must make some payments before adjust but even with that I will make some payments this weekend and then reduce the amount to the amount I can manage and then adjust later.Thank you all.

      Log in to reply • Share
  • Charles Owino    Mar 3, 2016

    It's always good to appreciate and today it is Zidisha I am appreciating. The loans that I have gotten from Zidisha have helped me a lot. I borrow to be able to sell school uniforms in the community, and I use the profit to help orphans get uniforms and to feed others in our project who cannot afford food. There had been increases in the numbers of such children who have needed our support, and again Zidisha came to my rescue. I used the profit from the previous loan to pay a website developer and it is now up and running. I did that to share with the world what I do so that those with interest in such projects, and the ability to help, can positively impact the lives of orphans living in Nairobi slums. Looking at our children, they all are in a school uniform, even those who cannot afford it, all having been made possible by Zidisha. www.fortunelearnerscentre.org is my website.

    Log in to reply • Share
  • Charles Owino    Mar 3, 2016

    Thank you, guys, we are almost there. You can also learn about how the little amount you loan to me is making a great impact in the lives of orphans and vulnerable children in the slums of Nairobi-Kenya.
    All the children look smart: www.fortunelearnerscentre.org

    Log in to reply • Share
  • Charles Owino    Mar 2, 2016

    Thank you, guys who have contributed to this loan.

    Log in to reply • Share
  • Charles Owino    Mar 2, 2016

    I am happy to have cleared my loan and hope to work with my lenders again.

    Log in to reply • Share
  • Charles Owino    Mar 2, 2016

    I happy to have cleared my loan, as I did promise earlier. It does not make me feel comfortable when I hold people's money for long. I hope all those who lent to me last will get back their money and lend to me again. Thank you very much, ladies and gentlemen.

    Log in to reply • Share
  • Charles Owino    Mar 2, 2016

    I am happy to report that I can now pay more money than I used to do, and this is because some of the people who have been owing me have managed to repay.

    Log in to reply • Share
  • Charles Owino    Feb 10, 2016

    Dear lenders,
    It has been a long time since you people heard from me. The Fortune Project has not been doing well and it has affected my loan repayment. I think March might a good month and I will do my best to clear the loan in the month of March. I am also happy to share with you that Fortune has a website where friends can learn how their loans impact the lives of orphans and vulnerable children in Kenya: www.fortunelearnerscentre.org .

    Log in to reply • Share
    • (Comment deleted by author)

      • Charles Owino    Feb 13, 2016

        I have really taken a long time to log into the forum, so I would request you to help me do it.

        Log in to reply • Share
  • Charles Owino    Dec 25, 2015

    Dear lenders and friends,
    I take this opportunity to wish you all the best during this festive season. I have to agree that there have been difficulties in loan repayment by lenders from Kenya. As we start the new year, I invite all our friends to get involved in what we do. We are looking for sponsors for the three orphans.

    Log in to reply • Share
  • Hope2012    Dec 22, 2015

    Happy Christmas

    Log in to reply • Share
  • Earnest Makau    Nov 12, 2015

    Hello lenders,
    I have called Charles today morning. He has told me he is working hard to get money and repay the loan. Meanwhile, he is under financial pressure which he is sorting out.
    He promised to repay in the course of the week.

    Log in to reply • Share
    • Charles Owino    Nov 16, 2015

      Hi Mr.Makau,
      I have read your post here and also received an email. Why do you report what you know is not true, when you did call me and got that information? I know I did not make payments for the 1st and the 8th of November, and the reason was that I never got any reminder and I have not been paying weekly. I normally make six or seven weekly payments at once, so it's not easy to know exactly when the next payment is to be made. I feel wronged to see this information on my wall.

      Log in to reply • Share
  • Charles Owino    Oct 16, 2015

    Dear friends,
    Thank you for your prayers. A friend has started this campaign for Fortune to help raise some money for rent. We are on the verge of being evicted. Here is the link to the campaign: www.gofundme.com/d86ghmnw

    Log in to reply • Share
  • Charles Owino    Oct 13, 2015

    Hi my lenders I hope all is well with you I am in the most challenging time of my life.My business is not doing well and as you it also affect the charity school I run.I hope things will change foe the better in the near future but I will continue paying the little I can and increase it when my situation improves.

    Log in to reply • Share
  • Charles Owino    Sep 25, 2015

    As I shared, most schools are in session in Kenya. That has affected the school uniform business, but I hope the situation will improve soon.

    Log in to reply • Share
  • Hope2012    Sep 21, 2015

    Teachers strike

    www.bbc.co.uk/news/world-af...

    Log in to reply • Share
  • Charles Owino    Sep 7, 2015

    Hi my lenders and followers,
    I am happy to be associated with Zidisha since I joined the organization. I have never regretted it. The loans I have received have helped improve my income, as well as support men in some other projects I do. I have also made friends here; some have gotten involved in what I do. On August 7, I highlighted the plight of one girl called Quincy who is getting education at our project, Fortune School-Kayole. The girl used to go without food and the guardian who is her aunt was not in a position to pay her tuition. I took it upon myself to see that she would get food every day, even though I was struggling because there are so many orphans and vulnerable children at the project. This week, her help came from Zidisha. One of the lenders came to her rescue and has agreed to put her through her education by paying her tuition fees, two school uniforms every year, shoes, breakfast and lunch, all textbooks, exercise books, and other vital educational materials.

    I thank Zidisha for all of that. Quincy was helped, but the list of orphans and vulnerable children at our project is still quite long. Anyone who is touched by this and in a position to help, however little, is welcome to do so, or to any link to an organization to support such project, would be highly appreciated. I can be reached through [email protected] or [email protected] .

    Log in to reply • Share


Loading...

Loading...

Loading...