Two more sewing machines for tailoring school

Denis Iseme

Marachi, Kenya

Funds disbursed

$0 to go

100% funded of $189 goal

0

days left

Entrepreneur

Name

Denis Iseme

Member since

February 2015

On-time repayments

17 installments  •  65%

About Me

My name is Denis Iseme ,I was born in Busia county in western kenya. I am the first born in my family.I have 3 siblings Collins ,Mark and Esther i am married with 2 children Hope and kelly. I schooled at Bugengi Primary school and could not continue with my Education due to financial constraints. I stayed home for one year doing manual jobs at construction sites hoping to get school fees to pay for tailoring and dress making. I managed to save $30 that I paid to Liz Tailoring college in Busia town, I am now a well known tailor,producing good quality work.
After training as tailor ,I did not have enough capital to start my own business. I work for Liz as tutor and tailor for 2 years after which I had made $200 savings. I used the money to rent a room and buy a sewing machine , and started my own business,it picked well but in three weeks thugs broke in and stole everything.I had no money to buy anything ,remember I had sacrificed for two years to get the machines.I knew i was not going to work for some again,I approached a friend who loaned me $200 , i bought tools of work and was back in business in four days.
My children want to be pilots, I buy them toys and help them with their home work just to make sure they are good in maths. I have also insured their education just to make sure they get the best life can give.
I am a fashion designer and doing my free time I try come up with new designs just by sketching.

My Business

I design and produce office men suits and school uniforms for both sexes. I do quality work ,deliver on time and at fair prices and that has given me competitive edge always.
I am slowly penetrating into cooperate world targeting high end market with slightly cheap merchandise. These suits are important because it is the required dress code for most cooperates and so people will always buy.Us for school uniforms ,I go to smaller schools I can easily supply with my slim budget.
in a month I spend $400 on materials,rent,and power. My revenues average is $650 in a month. In a good month my profits range is $250 in a month.
I use my profits for paying fees for my siblings and my kids. I save $20 each month in my youth group ,and take care of my aging parents.

Loan Proposal

Dear lenders thank you so much for the favor and kindness you have extended to me. I wish to ask for a loan to help me buy additional two sewing machines for the growing number of trainees in my school. I wish to have a total 10 students at any single time . I would use the loan to buy two sewing machines and training materials .Thanks you for your kindness

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$189.52

Date disbursed

Jun 24, 2015

Repayment status

Late

Projected term

6 weeks

Cost to entrepreneur

Service fee: $7.47

Lenders

J

Jason

New Jersey, United States

S

SeeBiscuit

Reston, United States

nicole

Worcester, Ma, United States

T

Tallago3

Munich, Germany

M

mason243

Denver Colorado, United States

J

Jennifer

Minneapolis, United States

B

briansedz

Canton, Ohio, United States

eaganlender

Kalamazoo, United States

S

silsley

Cheltenham, United Kingdom

P

pignolet

zurich, Switzerland

D

dannimw

Victoria BC, United Kingdom

Winona

Yakima, United States

T

Taupe

Balzers, Liechtenstein

JTShorty

Gorham, Maine, United States

Z

zmilez

London, United Kingdom

E

erlingre

Sør-Fron, Norway

C

Csquared

United States

T

tlbtlbtlb

United States

camden01

Connecticut, United States

F

FSO

Canada

S

sarah4d2

Saint Louis, United States

L

luckiestmonkey

United States

AKWatson3

Norwalk, United States

P

ppokcire

United States

stephen sontag

Narragansett, United States

Michelle

Sydney, Australia

R

ras

Germany

MY

Moe Yoshioka

United States

thoru

Dresden, Germany

E

Erich

Zurich, Switzerland

MW

Matt Willis

United States

P

Patty

Colorado Springs, United States

Thomas

Basel, Switzerland

JD

Jo Dane

Melbourne, Australia

Katie McGowan

United Kingdom

Dominik Wagner

Karlsruhe, Germany

PT

Pattie Thomas

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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