Help me buy materials for fabrication at my workshop
Fred
Molo, Kenya
100% repaid
Entrepreneur
Name
Fred
Member since
November 2014
On-time repayments
282 installments • 10%
About Me
I am Fred Odhiambo Ayudo.Born in Nyando in Kisumu county.As I speak am not that educated to be proud of.My education ended up in primary level because I was raised by my old grandmother as I learnt that both my parents passed on through aids when I was very young.
After primary I started working as a home help for someone.After two years he promoted me to his engineering workshop as a cleaner.Little by little I started training myself engineering job especially welding and fabrication.After getting enough skills plus my five years savings I started my own workshop of which I made steel and windows.
Today i Fred despite little education i run run a small little and successful engineering workshop in molo town.Now i am able to support myself and my grandmother too.
My Business
I run a small engineering workshop in Molo where I most deal with steel structures such as steel windows and doors,steel school chairs and tables and welding and fabrication service.This business started from my own savings with only one small welding machine.With good service and best quality of goods and service I have been able to get so many orders from both private and public school and most of the rich in the village.
Though my business seems to be successful it has not been easy for me to access enough capital to run my business smoothly,a thing that i hope shall come to pass now because i found zidisha now.
The cost and profit of my business varies depending on the work load receive a month.Sometimes it’s low and sometimes high.If the cost is around $600 to accomplish a job order I do always expect a profit of 30% of the cost,but when the business is very low the costs and profit also drops.
Loan Proposal
Thank you very much for accepting my application to raise loan,may you be blessed all.Now i kindly request you to fund my loan.This opportunity has come at the right time when I have an order to make two doors and four windows.
-$70 i will use to buy steels and angle line plates.This will be enough to complete two doors,$20 will buy welding rods and $10 to buy paints.This loan will be meaningful to me in that it will enable me to complete to make the required two doors.Thank you
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Nov 25, 2014
Repayment status
On Time
Projected term
7 weeks
Other loans
Lenders
Duisburg, Germany
United Kingdom
Ask Fred a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...