Buy timber for ready made furniture

Ezekiel Nyagwachi

Suneka, Kenya

100% repaid

Entrepreneur

Name

Ezekiel Nyagwachi

Member since

January 2015

On-time repayments

52 installments  •  56%

About Me

I was born in a town called suneka right here in Kenya.i went through my primary and high school level within suneka town.I joined a technical college after high school to study carpentry which I successfully completed and opened my own carpentry shop after from the savings I had and support from parents.I am a hard working man and I always strive to succeed . people around my place love my carpentry art works and some just come to my work shop to have a glance at them.the main tourism attraction in my area is soap stone curvings.I am married with one kid.I love sports mainly footballer,traveling and helping others.

My Business

With the help of the two people I work with we get to make furniture for households and offices. this include beds, chairs, tables, office chairs and tables, wall units, computer tables, file holdwrs among others.Atleast every home has furniture in eay and every starting up family needs furniture for their home and thus creating a demand and market for my furniture works.I started this business cause I had passion for this art and decided to acquire skills in iti make a profit of between KES 15000-30000 ($167-333) and I spend between KES 40000-80000 ($444-888) I use the money to take care of my family and also save for future epansions.

Loan Proposal

If my loan is funded I wld use it to buy timber so I can make ready made furniture that I can sell to customers who come by.As per now I only make furniture as per orders given by clients but some customers would just want ready made furniture.This will increase my profit by at least 30%.Hope my loan will be funded.Thanks in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.16

Date disbursed

Jan 7, 2015

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Lender interest: $100.16 at 7.76% annual rate over 1 month = $0.98

Service fee: $0.47

Lenders

Hope2012

United Kingdom

W

wordelsue

MIDWEST, United States

McJulio

New Jersey, United States

larsandanika

Langen, Germany

B

BobSloss

United States

P

Prometheus

Duisburg, Germany

SE

Sven E

Mannheim, Germany

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