Wood carving machine for making furniture parts

James

340, Kenya

100% repaid

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How it Works

Entrepreneur

Name

James

Member since

April 2013

On-time repayments

382 installments • 89%

About Me

My name is James Mwangi Kamau. I am married with two kids and I live at Utawala near MC Area where I run a hardware shop. I am an accountant by profession and after working for over 10 years in a formal sector I decided to start my business of selling hardware equipments and building materials. I started this business because the job where I was employed before was not paying well and I needed more money to be able to cater the needs of my family and expand financially. The hardware business in our area is more profitable because is a new upcoming real estate and many domiciles are under construction.

My Business

My hardware business is located near a busy road that connects Utawala with the rest of the Estate. Its about 200m from the main road. The name of the shop is "Jaba Hardware" and is a brand name of the whole estate and many customers prefer my goods because they are of high quality and I provide better customer service. I have employed two workers to help deliver the goods to my customers on time. My monthly turnover is Kenya shillings 400000 per month, which gives me a profit of Ksh 20000 after incurring all the expenses . I sell building equipments such as hammers, saws, nails, priers and building materials such as sand, ballast, stones, timber, iron sheets and sanitary wares.

Loan Proposal

The equipments I wish to buy are wood curving machine and grinder and repair my wood making machine that will be used in workshop intend to increase my wood product stock such mdf ', block board ,corner ,archtruf , fisial boards the cost of woof curving machine 670 dollars the grinder 200 dollar s

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About Me

Hi Hi My name is James Mwangi Kamau am married with three Kinds and I live at Utawala near MC Area where I run a hardware shop. I am an accountant by profession and After working for over 10 years in a formal sector I decided to start my business of selling hardware equipment and building materials. I started this business because the job was employed was not paying well and I need more money to be able to cater for my family and expand financial. The hardware business in our area is more profitable because is a new upcoming Estate and many houses are under construction. My first born joined national school he is in form 2. He wish to became a doctor and second born a doctor and third born a teacher/ lecturer

My Business

My hardware business is located near a busy road that connects Utawala with the rest of the Estate. Its about 200m from the main road. The name of the shop is called Jaba Hardware and is a brand name in the whole estate and many costumes prefer my goods because they are of high quality and better customer service. I have employed two workers to help deliver the goods to my Customer on time. My monthly turnover is kenya shillings 1,900,000 month which which gives me a profit of Ksh 80000 after all the expenses . I sell building equipments such as hammers, saws, nails,priers and building materials such as sand,ballast, stones, Timber,iron sheets and sanitary wares and cement in bulk. The profits I get I use to pay loan and iam currently building a big premises for my business to shift but I have not shifted since I bought a lorry for collecting stock especially cement and other as I am intending to become a Contructor and I am in processor registering a company a and I pay School fees for my kids