Buying iron sheet for expanding the garage

John Adede

Eldoret, Kenya

100% repaid

Entrepreneur

Name

John Adede

Member since

July 2015

On-time repayments

171 installments  •  95%

About Me

Ia called John Odhiambo Adede I was in 1969 in Nyanza Province in Kisumu County .
I went Rae primary School between 19 76 to 1983.
And i did not go high school due to lack of fees because I came from very poor back ground in my fathers family.
I latter join Mechanical Motor viecle engineering ,which I did for three years in Kisumu town and I qualified with grade one.

After I had worked for Bogol Company for ten years then I moved to Eldoret and my own garage which am running to date in Eldoret town .
My Children want to come Business mean when they grow up only one want to be a Teacher wen he grow up .
My hobby in my past time is to read the bible and other spiritual books and swimming with my children as well.

My Business

I repairs motor cars and also replace the spares and doing services.
This service is in demand and important because there are many people buying cars from abroad and no body or there are very few technicians servicing them or rather repairing them.
My typical cost and revenue is 10.000/=Kshs
This is how I use my profit which I do get from the Business ,
School fees 25,000/=Kshs
Re investment 10,000/=Kshs
Home improvement10,000/=Kshs
I also give to the Church 2,000/=.
This will increase as the Business also grows and expenses will also grow.

Loan Proposal

When I am given this loan amount the I will be able to buy 38 Iron sheets for expanding my garage workshop at a cost of 10 Us Dollars each and that will be a total of 380 Us Dollars.
This will make me serve customers better and I will employ more workers to benefit from this place, and this will give me more profit from my many customers that I will serve.
When this plan is implemented then I expect this business to grow by 50% this year and more next year.
Thanks in advance for considering to lend me again.
I promise to be faithful again as I did in my last loan I completed serving.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$390.22

Date disbursed

Oct 23, 2016

Repayment status

On Time

Projected term

9 months

Cost to entrepreneur

Service fee: $16.07

Lenders

F

flaguy999

Tampa, United States

Paul Buchheit

Mountain View, United States

Leonardia

Waddinxveen, Netherlands

PG

Paul Graham

United States

J

James

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

A

Anonymous

United States

M

Margaret

United States

A

Anonymous

United States

PZ

Phillip Zink

United States

Paul Buchheit

Mountain View, United States

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