Entrepreneur
Name
Joel
Member since
November 2014
On-time repayments
282 installments • 10%
About Me
I am Joel Okoth Ouma born in Mihuru in Homabay county.I am was not lucky enough to have education beyond primary level because my father who was a fisherman in Lake victoria abandon us with our and since my mother was also jobless she only afforded to provide food for us and primary education and i thank her.
After primary education a good samaritan with engineering workshop took me to Molo with him and started training me welding,milling,turning and fitting for three years.After that i got a cacual job riftvalley engineering works from which i save little by little till i bought arc welding machine.Then at the field i started my workshop to do my own job.
My Business
I have a small engineering workshop today where i make steel doors and windows,matal boxes,school tables and chairs and chimney instalation.
These products especially windows and doors are on high demand because Kenya is a growing country and people build new houses daily.
I choose this business because due to my skills and experience it will be managable and also wanted to get me employ and earn more.
This business when there is a lot of work could cost me around $500 per month and from that i can get a profit of $200 a month.
My profit i support myself and my mother and remaininf i reinvest back in the business.
Loan Proposal
I first take this golden opportunity to thank all lenders who supported my last loan.The loan really help repair my welding machine.Now i ask for second loan to make doors and windows for my customers.
-150 i am going to buy steels for making doors and windows for primary school.This will allow me make those doors which am expecting profit of $80 after finishing the job.
-$20 i will buy welding rods for fabrication and paints for finishing.This loan will help provide better production to my customers.
-30 i will use to pay for labour because the job will be required agently i have to hire someone to help me do it faster.Thank you in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$197.00
Date disbursed
Jan 12, 2015
Repayment status
Late
Projected term
64 months
Other loans
Lenders
United States
United Kingdom
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