Buy more materials to boost my carpentry business
Peter
Mtwapa, Kenya
25% repaid
Entrepreneur
Name
Peter
Member since
March 2013
On-time repayments
91 installments • 78%
About Me
My name is Peter Ktana Chinando, a resident of Mtwapa and a businessman as well. Am 28 years old, married and blessed with four children, three boys and a girl. The first is in Class three the second is in class one the third is in KG2 and the last is still breast feeding. I went up secondary scholl level. After school i went to a driving school and obtained a driving license. I decided to venture into business mainly because i wanted to fgree myself and my family from poverty. With what i get from the business i buy food for my family, buy clothes, pay for school fees and other family needs. I love my chldren and i would work hard to make sure that i provide for every neccesity they require.
My Business
My business is capentry, i have a workshop just within my home yard. This is a good business and profitable but one has to be very keen. In m,y workshop i sell goods like beds, tables,windows and other different wood work products. The challenge with this business is having enough money to bring enough timber, which is the biggest challenge. I get the timber from places like Tanzania, which is very far and needs good money.This business is very good though, and very profitable, depending with the designs you make.Demand is high because i design good and latest designs which makes my customers like my work more. Risks in this business includes theft, or too much rainfall, which destroys the timber if left in the rains for a long time.My monthly income in this business ranges between Kshs.50,000 to Kshs.30,000 With this amount i remain with around Ksh.20,000 to Kshs.15,000 per month which am confident to repay the loan when granted.
Loan Proposal
Thank you so much for helping me out so far in my business. With the last loan I reached a good magine in my sales as well as savings due to the increment in my investment. I got a new tender to sell desks at a nearby school and I need your help to buy more materials for the new order. With this loan I will use Kshs. 35,000 to buy timber, Kshs 8,000 to nails and vanish. With this new tender I will boost my business so much thus more income to my business and boost my life as well. Thank you so much for the help and assistance to my business and my life at large. God bless you all.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$384.00
Date disbursed
Sep 9, 2015
Repayment status
Late
Projected term
4 months
Other loans
Lenders
Chicago, United States
Taiwan
Germany
Jake Gibson and Beverly Picardo
San Francisco, United States
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