67 installments • 67%
am David ,,first born in a family of 4 children. Am an entrepreneur owning a Hardware store and a timber yard.Firstly I thank my lenders for previously supporting me raise my previous loans.Being the first born in a family of four, I have come a long way for me to be able to own the hardware and the timer yard. I got a family not yet have a child but hoping to get one soon. I get money to support my needs to support my family from my business.
The hardware store is where I get my income .In the hardware store I make sales of about 1500 dollars weekly and in the timber yard sales of a bout 100 dollars weekly. My family needs are met through the profit made from my business. The profit which I make share it to my saving account ,,family needs ,,increase my hardware stock. In my Hardware you will find cement,, iron sheets,, nuts,, pipes and pipe fittings and other building materials. Firstly I started with the hardware which started operating back in 2016 .With the profit made I have been able to open a new business which is the timberyard .I sell timber, offcuts and firewood. I am looking forward to expanding both business from profit made and support from my Zidisha lenders.
I will take the loan offered ,will buy water fittings which are very movable in my shop.Some of these items are : water taps , adapters of all sizes ,metro elbows and G.I elbows and other many items .will resell them at a higher price to make profit Which I will use to cater for my family and increase my savings.
The hardware business is not much affected by the pandemic which enables me sell my iTems not taking much time .In these case I sell cement ,nails and iron bars which are a bit movable hence will be able to make loan payment on agreed dates without fail.
Jun 22, 2021: My hardware business video
Mar 1, 2021
Cost to entrepreneur
Service fee: $1.84
Credit risk payment: $5.51
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