Purchase Second Welding Machine and Additional Supplies
Jeremiah
Nairobi, Kangemi, Kenya
100% repaid
Entrepreneur
Name
Jeremiah
Member since
March 2014
On-time repayments
135 installments • 69%
About Me
My name is Jeremiah Wesonga I was born on 22nd of october 1990. I was born in afamily of six children and I am the fourth born. I went to a school called Kingandole Secondary school in Busia county. I later on trained as a welder inthe year 2012 to apprenticeship at Oduwa egineering workshop in Nairobi. Later I worked with douwa for about three months before starting my own workshop called Wesonga Engineering workshop. I am married to one wife with one kid. Generally I can say that I am ahardworking man who bel;ieves in eating from my own sweat. I also value honesty as I know its one very important pillar in social life.
My Business
I run a welding workshop business which I started inthe year 2013 month of March. My business entails weding and fabrication od grilled doors windows and any toher item that needs to be welded. I buy my materials from the hardwares which are mainly welding rods and black sheets also twistes , square and round bars. For the period I have done this business I realized its avery lucrative business if you have enopugh capital to make ready made items for sale. With enough capital I can even take orders from building sites and make doors and windows to syupply to them. I stand abetter chance to go far in this business simply because my area of operation I am the only one with very minimal competition. I am also very well skilled after having been in this field for more than two years. This busines is very profitable because you can find the material use d to make like one normal door can cost like $ 35 and such door when sold it goes for lowest amount of like $65 So you can see the profit is almost 100%. So if I get this money I will be able to go far in my business.
Loan Proposal
I thank you all lenders, as my business has been increasing well. I wish to put a request of the above a mount which I plan to spent as follows:
1. Buy anew welding machine which will cost me Kshs.17,000 to help me when I get work to go in the field I can carry it and retain the current in the workshop as I can now hire somebody to help when the work is a lot.
2.The rest I will use to buy more material for the making of steel windows and doors for display. This will cost me roughly Kshs 15000.
3. The other amount I will but welding rods, cutting and grinding disks and paint.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$443.00
Date disbursed
Jul 24, 2014
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
Arlington, United States
Republic of Korea
Duisburg, Germany
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