Entrepreneur
Name
James
Member since
October 2012
On-time repayments
17 installments • 18%
About Me
i am the third born in the family of four,I finished my primary education level in 2002 and later joined Rongai secondary school where i finished in 2006 later in 2008 i joined college and after two years i finished, since i did not secure a job i started a business which i saw as a great opportunity as a needed money to make my living,i received capital from my parents and relatives and i purchased plastic sits and a micro phone system which i lend to people during functions like weeding,funeral and sometimes church events since i do not incur extra cost the money i earn i buy more sits but i am intending to buy a tent and stands so that i can also lend to people
My Business
I lend plastic sits besides micro phone service to people during ceremonies like burial and weddings,there is very high demand for my service as many people who hold this events lacks enough facilities to hold the large crowd that turns up for this events and also to communicate well with the crowd, the business is more profitable since there is no competition though at some times there is less income due to less events but currently there has been an increase in wedding ceremonies as well as family gathering and this makes me earn about 5000 per week as i charge 2500 per day regardless of the number of sits you take but if you also need to use the Mic service the charges may be as high as 3500 per day, the greatest challenge is that at some times this sits break during this events and thus i count a loss on my side,i also have to incur transportation cost which reduces my profit the last challenge that i face is lack of tent yet many events happen in open grounds though am fighting to acquire one.
Loan Proposal
I will use the loan granted as follows: 15000 will be used to purchase more plastic chairs,10000 will go to canvas which will be use to make tents, 7000 will be used to buy a generator to provide electric power foe the micro phone system as I have been using wet battery and the rest will be used to make metal stands foe erecting the tent.I hope lenders will fund my loan to make me accomplish my goals thank you
Feedback
Positive
None
Neutral
1
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$500.00
Date disbursed
Nov 22, 2012
Repayment status
Late
Projected term
17 months
Lenders
Anaheim, United States
Austin, United States
Vancouver, Canada
Ask James a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...