Two more sewing machines for tailoring school

Denis

Marachi, Kenya

Funds disbursed

$0 to go

100% funded of $189 goal

days left

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How it Works

Entrepreneur

Name

Denis

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