Welding machine and materials for making ready made doors
Isaac
Burumba, Kenya
$0 to go
100% funded of $378 goal
0
days left
Entrepreneur
Name
Isaac
Member since
February 2015
On-time repayments
26 installments • 46%
About Me
My name is Isaac Ooko, I am certified fabricator and welder from Busia polytechnic . I schooled in Busia township primary school and went to Busia Secondary school for o-level .I am the third born in my family of 6 six. my dad is a farmer and my mum is a house wife.
After training as a welder and fabricator at Busia polytechnic, i appilied for government sponsored uwezo fund loan last year . I managed to get $300 ,that i used to pay for welding machine. I got a small room in town and started working. I had no money for materials and one week down the line no client had stepped in my shop. I knew I had bills to pay and loan to clear. I started walking into construction sites and asking for jobs. A break through come when my former primary school gave me a job to repair broken windows and chairs . I got $200 out of it . I was so happy. I paid half the loan and rent . From there things have not been bad and the business is slowly expanding.
I am a soccer fun and like watching English premier league during my free time.
My Business
I make metallic windows,gates,and doors for my clients. I always ensure I work within the required time frame and provide good quality work.
Busia county is growing at fast pace and people are constructing houses,hotels and schools always.All these requires doors ,windows and gates ,I am committed to be the most preferred supplier of these products in the next 2 years .
When I was young ,i wanted to be an engineer ,I loved metal works and I am happy I am doing it for a living.
In a month I spend $650 to pay rent and power. my monthly revenues range is $800-$1000. I use my profits to pay university fees for my sibling, supporting my aging parents and business expansion.
Loan Proposal
Thank you lenders for your the second loan. I asking you to kindly help me raise a third loan that I will use to buy a brand new welding machine and more materials for production of doors and windows. With the new machine I will employ two more people to help me with the work in the work shop. The new welding machine will cost me $150 and the I would use the balance to buy materials for production of doors. The benefit for these will be more profits for me and it will also create employment .Thank you in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$378.00
Date disbursed
Jul 1, 2015
Repayment status
Late
Projected term
3 months
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Summary
Amount repaid
$0.00
Amount remaining
$394.98
Expected completion
Oct 11, 2015
Status
Repaying late
Installment amount
$28.21
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 12, 2015 | $28.21 | ||
| Jul 19, 2015 | $28.21 | ||
| Jul 26, 2015 | $28.21 | ||
| Aug 2, 2015 | $28.21 | ||
| Aug 9, 2015 | $28.21 | ||
| Aug 16, 2015 | $28.21 | ||
| Aug 23, 2015 | $28.21 | ||
| Aug 30, 2015 | $28.21 | ||
| Sep 6, 2015 | $28.21 | ||
| Sep 13, 2015 | $28.21 | ||
| Sep 20, 2015 | $28.21 | ||
| Sep 27, 2015 | $28.21 | ||
| Oct 4, 2015 | $28.21 | ||
| Oct 11, 2015 | $28.30 | ||
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