169 installments • 57%
I am an electrician with a small shop that sells electrical wares at first i was engaged in installation only this meant i had to send my customers to buy the wares from other shops until l realized i could maximize the profits if i sold the wares myself and save on time as well as some of the customers would have me fund for the wares myself and effect payment promptly once the installation is completed(this apparently is the most lucrative part of the business).what i plow back into the business is short of what i would wish to have in terms of stock.
Busia is a small town that is currently experiencing rapid growth and this means electrical installation is on the increase my electrical shop is still small and at times the orders overwhelm me so if i get a loan i can increase my stocks.most of the tenders that i normally sign into requires that i foot the billing for the materials as well with payment being prompt on completion of the works though occasionally some payment are not prompt on completion with lengthy procurement procedures but as yet non has ever resulted in non-payment.
My family home has two lavatory units with pit latrines as they were constructed long ago when the town (Busia) had no meaningful sewerage system the one that was there had only been constructed around the central business district, but of late the sewerage system has been extended tocover more of the town .It is my intention therefor to improve on the existing lavatory unit and construct one with flash toilets and and a wash room ,towards this endeavour i have calculated the estimated costs to be as following:- $ 68 for sand, $ 45 for cement, $ 40 for pvc pipes, $ 112 for flash toilets, $ 90 for sewerage connection fee,$ 68 for labour.The total for the estimated vote head shall be $ 423 .it is needless to say therefor that the loan if granted shall be of much import to me.
Oct 2, 2014
Cost to entrepreneur
Lender interest: $505.43 at 4.91% annual rate over 11 months = $23.86
Service fee: $17.76