I want to buy steel and flat bar for fabrication works

Fred

Molo, Kenya

10% repaid

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How it Works

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

I take this opportunity to thank Zidisha and all lenders for the good work you are doing,you are really touching many lives.Your loan Your loan help me to boost my business so much.Now this is how i will use the loan-

-$160 will buy steel for doors and windows making.I have already have orders to make three doors and five windows.An order that am expecting a prifit of around 74% of the total cost.
-$20 flat bar and $20 angle plats.This will help comppete my job order on time.