Sewing machine motor for clothing business

Japheth

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Japheth

Member since

June 2015

On-time repayments

72 installments  •  13%

About Me

MY PROFILE
I am Japheth Luchisoi34 years of age and single. I love the Lord as my personal savio , a Kenyan living in Eldoret and a member of Christ is the Answer Kenya Eldoret assembly.
I am the fourth born in a family of five, three boys and two girls. I was born in Matunda Centre, raised in Seregeya sub location of Soy Location, Likuyani Division, Kongoni District, Kakamega County, Western Kenya. I have three dependants, my mother a widow following the demise of my father and two nephews aged thirteen and eight years respectively both who are in Primary School.
I am a resident of Eldoret town upper Tairi Mbili to be precise. I am a tailor by profession majoring in School uniforms. I operate my business in the house and take the products to the open air markets for sale.

My Business

BUSINESS PROPOSAL
At the moment, my profit per week is about US$30.I use 15% to pay tithes and offerings in Church, 20% on savings, 25% on my expenses, 30% on my dependants and then the last 10% on emergencies. If funded by Zidisha, I will use the money to buy stock and a motor.
The motor will enable me to use power to run my sewing machine, This will increase production unlike the manual method which I am currently using. This limits my production due to fatigue caused by the many rotations I make to get the wheel run. A motor costs US$66 and the rest US$34 will use to buy clothing materials.

I will appreciate your support for this will help me grow my business to the extent of being able to support my dependants, myself and the needy in the society.

The Lord richly bless you.

Loan Proposal

If I am funded I will use the money to buy a motor that will help me in running the sewing machine thus increasing my production.
I will also buy more materials to help sew many types of uniforms which is what I specialize in. I will use US$66 to buy the motor while US$34 I will use to buy clothing materials.

This will give my customers the opportunity to get all the uniforms in one place.
I expect my profit to increase by US$30.

May the Lord richly bless you as you assist the money that are struggling with their businesses.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jul 2, 2015

Repayment status

On Time

Projected term

12 months

Lenders

PG

Paul Graham

United States

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