Entrepreneur

About Me

I am married with 3 children two them are in school.My two children go to school at a nearby school, that is Muriricua primary school near the shopping center. Kiptangwanyi shopping center is about 43 km from Nakuru town. I live in plot number 51 where I operate my business of scrap metal buying.I buy scrap metal of various kinds. Those of iron and also those that contain aluminium. Once I have bought a certain amount I transport the scrap metal to Nairobi with a hired lorry where I sell to industries that recycle scrapped metal.

My Business

I buy and sell scrap metal in the shopping center. The business is profitable and marketable because there are few scrap metal dealers within this locality. Once I have bought a certain amount I transport the scrap metal to Nairobi with a hired lorry where I sell to industries that recycle scrapped metal. The main challenges that this business encounter is lack of enough capital and poor roads especially during the time of transportation.

Loan Proposal

Dear Lenders,
I would like to use my loan to increase my stock.During this season the business is good and the profits are high. The demand for the products that I sell is high especially in Nairobi where I usually take my stock. I have a high order for the products to the place where I supply them and therefore would like to purchase these more products. The loan will increase my purchasing power and I can be able to buy more scrap metals.

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Loan Info

Lenders