Name
Richard
Member since
May 2015
On-time repayments
123 installments • 56%
I attended my basic school from class one to JHS and finished in 2009. Due to financial difficulties, I was not able to continue. But as a business minded person like me, I studied that metal products are important in most individual life so I decided to learn how to produce metal products like doors, gate, etc and I was able to finish the lesson successfully in 2012.
Now am now producing my onw metal products and distributing it successfully with the little capital I have.
Am into metal work projects. I Have seen that metal is very important in africa. I joint the metal work business because I studied and observed that most constructing projects need metal products for successful and good finish. I produce housing gate, doors, containers to serve as stores, etc
I need more capital for more growth of my business. After producing the product, the most important thing need for more income is painting. I need capital to buy painting machines for the growth of my business and to increase my profit margin.
I use my profit for reinvestment and help others who need help to improve in their life and the rest for home management.
This loan will help me buy a grinder for about $250 for metal smoothing.
After a metal goods production, the surface of the product becomes rough which needed to be smoothing for fast purchase.
The grinder is use to smoothen the surface of the product and that makes it very attractive for customers to buy. The smoothen surface also make it easy for spraying and makes it nice when sprayed.
These would helps bring more customers for more purchase and that can help me increase my profit margin to 20%. Thanks
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Project Type
Classic Loan
Disbursed amount
$174.00
Date disbursed
Mar 24, 2018
Repayment status
Late
Projected term
7 months
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