Zidisha |

Francis

Naivasha, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Francis

Member since

October 2013

On-time repayments

294 installments • 18%

About Me

I was born on 25/1/1988 .Iam the fifth born of a family of nine children.As a result of 1992 ethnic clashes in molo division, my place of birth, we were forced to evacuate and find a safe settling location.By then i was at the tender age of 4.Destiny landed me in Naivasha where my second life style started.hardships made my schooling bumpy but I managed to make it.That is where my tactics of running small scale businesses started.Iam currently a tinsmith artisan and really need financial boost to expand my business with an intention of making more profit to be more competent in the financial world.

My Business

I am a tinsmith who designs and construct many affordable domestic products e.g. chicken feeders, water gutters, energy saving charcoal stoves, aluminum pots, floor mopping cans, milking buckets etc.With the current exchange rate of 85 shillings per 1 us dollar, the economy is forcing more and more people to look for pocket friendly products and services making my products not even get closer to meeting the current demand.Also what makes me tick is the customer care services I offer like free delivery to distances not exceeding 3 kilometres.The profit margin ranges from 40 to 65 per cent considering that tinsmith has fewer people that any other career in my town and therefore paying back a loan is and will be one of the easiest things for me.

Loan Proposal

I will buy 5 galvanized plain sheets of 24 gauge each with 10000 shillings. This will be used to make cereal storage Silos that can store up to 10 bags of 90 kilograms each. Considering that the market is ready I won’t need any funding for marketing. The five sheets will make 6 silos retailing at 3000 shillings each. The rest 10000 shillings i will use it buying ten 30 gauge galvanized sheets that I will use to make chicken feeders that are always in high demand at the beginning of the year due to the warm atmosphere experienced in January and February.the sheets will make 20 feeders retailing at 700 shillings each.