Entrepreneur
Name
George
Member since
May 2013
On-time repayments
11 installments • 100%
About Me
I am a married man and blessed with three lovely children,two boys and one loving and lovely girl.I completed my Secondary education where i sat my C.P. E and later on joined the business world in order to further my education in future.I pushed on with business for three good years and joined Thika Technical School where i did certificate in mechanics.Afterwards in four years time i completed my course and started my profession.Currently am offering this service alongside business.I realized the need to endulge in business again and this time in another category which i understand more due to my career .Currently i am dealing in secondhand motor vehicle spare parts business.I believe when i manage to get your fund assistance together with more ideas ,my business will be in a position to develop and cater for my daughter's education who will be joining secondary school next year.
My Business
Currently i am dealing with secondhand spare parts of motor vehicle.I decided to specialize in this kind of business because i have atmost knowhow to deal with it as part of my profession.The business faces many challenges such as lack of enough capital to invest in,lack of adequate commodities to cater for my customers,high prices for goods and counterfeit commodities which create fear and confusion in customers and stiff competition from the more developed same category of businesses in the area.I wish to expand my business once i get your funding by increasing stock and also include firsthand spare parts.By this i will be in a position to access more goods at cheaper price hence compete well and earn more.
Loan Proposal
I wish to boost my small Auto-spare shop in order to earn more profit.The demand is higher for the goods and i do not meet it well.I therefore hope to meet it in future if you afford to offer me support now and in future.
I am looking forward to investing in more of Auto-spare shops and i believe this will happen after a smooth relationship with you.
Hope you will lend me.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jan 1, 2014
Repayment status
On Time
Projected term
3 months
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