Entrepreneur
Name
David
Member since
February 2015
On-time repayments
54 installments • 50%
About Me
I was born in 1978 in Njoro town in Nakuru county in a family of ten,I started school in 1984 and studied up to form two when I dropped for lack of finances in 1992.I started working as a casual laborer for sometime.I always desired to learn about metal fabrication so from the little I got from working in the construction sites I was able to achieve my dream.I was employed for five years and after that I started my own workshop.I've been in this business for five years amidst many challenges.I've manage to get some of the needed machines but it has been my desire to upgrade my workshop.
My Business
As I've described in the first paragraph, I've been in this business for the last five years,I've been getting 5000 every week as a profit But due to high cost of materials I've needing to boast my business with modern machines so that I can be more efficient and that way I can increase my income and be able even to employ others and they will also benefit from the business.
Loan Proposal
When I get this loan it will help me to buy one modern hand drill which will make my work easier and more efficient.With this machine I'll be able to increase production because it will be easier to work with it.It will cost me $150 that is the best quality,so I'll get $50 from my business account and add to the $100 and buy the machine. This will improve my family's life as well as the life of others.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 9, 2015
Repayment status
On Time
Projected term
6 weeks
Lenders
United States
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