Purchase of New Carpentry Inventory to Expand Personal Business

Entrepreneur

About Me

Well,thank you most sincerely for the opportunity.
To describe my childhood.I was born and brought up in a rural set up where children are raised,taken to school and get involved in matters of domestic activities like rearing cattle and cultivation.I went through primary and secondary school.My parents were mere peasants and cattle keepers.This could only help feeding us as well as paying the school fees for our education.At times,my father could do old jobs in an effort just to put the meal on the table.I waited for long to be taken to a technical school to acquire skills necessary to get a job.There was lack of money and the burden of other siblings.Later i went to Nairobi city where i started staying with my uncle who was a carpenter.Though i could help him with his job of making furniture ,i developed an interest of getting to know some skills in his profession.After one year i was fully skilled on almost every thing in carpentry.Unfortunately,i deferred with my uncle and started selling second hand Goods.Later on i started making new furniture after getting some money from my father who was not happy with my uncle who mistreated me.I worked so hard that i do even better than my uncles in the field he showed me.This is how i became a self employed,owned a business and overcame the hardship.The unique feature about the place i live is that, community appreciate the contribution that people do towards making a sustainable activity.My children would like to be brought up in the best way possible,be educated and acquire the skills to get jobs.My hobbies are visiting children homes and helping the unfortunate in our society.
Thank you.

My Business

Thank you!
My business is purely dealing with making furniture of all types ranging from Beds,Tables,Ward lops,Sofa sets,Shoe racks.These are unique goods that every one will buy because they are meant for comfort and style.I choose this kind of business because i like it,i loved the skill,it has an equal profit like any other business and it gives me all i need in my life.My typical cost ranges from cost of raw materials labor,electricity rent and security.My profit usually goes towards reinvesting.I use other capital to pay my bills and help my mother who is old now and less productive.
Than you.

Loan Proposal

Once i get the loan i will buy different types of Timber at a cost of $40.00,
I will also buy soft/hard boards and MDF for a total cost of $60.00.
I will buy assortment of nails,bolts/nuts and mirrors at a cost of $50.00
I will also buy different furnishes and paints at $25.00.
More importantly,i will buy Carpentry Tools such as;
Tape Measure for accuracy at $3.00, Nail Puller at $2.00, Speed Square at $3.00, Tin Snips at $4.00, Chalk Line at$2.00, Hand Saws at $6.00 and Assortment Chisels at $20.00
I will also buy The Claw Hammer at $9.00 that leaves a distinctive waffle mark on the wood when you drive the nail.
Others are the Screwdriver at $7.00
The Block Plane $18.00
The Clamp at 8.00
The Power Drill at a cost of $15.00
The Bench Grinder at $9.00
The Safety Equipment such as protective clothes at $8.00
I will increase Overhead lighting which is vital to any workshop that can cast shadows on the work surface.this will cost me at least $8.00
This will enhance the quality of my finished goods and customers are from now going to enjoy a whole new service.Again this will help me finish some of my pending work for my customers and get them pay for their finished items.
This will be a good move that will see me taking home a clean USD 200.00 for the finished goods and pending work.Now with the materials and the right tools i will make the best out of my profession.
My profit will increase considerably from the previous USD 300.00 to USD 500.00 Per month.
This will make a change in my life and that of those who depend on me.
Thank you to everyone.

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Loan Info

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