Inventory for machines for my growing steel welding busines

Domnic

Nairobi Githunguri Estate, Kenya

39% repaid

Entrepreneur

Name

Domnic

Member since

February 2013

On-time repayments

216 installments  •  67%

About Me

About my self
I am a man aged 31 years old. I am married to Mrs. Emma Atieno and a father of two children called Elvis Omondi and Ann Adhiambo. I am the seventh born of my family and my wife is the first born child of her parents. My wife is a housewife and helps in the house chores like cooking, washing clothes and also taking care of the children. I live in Githunguri area and I have managed to build a semi permanent house in the area. I wholly depend with my business in providing basic needs like food, clothing’s and shelter and also providing education to my children. I finished my O level I in the year 2005 and got a grade of (B pain). Due to financial strain of my parents, I didn’t manage to further my education and therefore I started looking for casual job within our area especially at the construction site. I later relocated to Nairobi the capital city in such for job. After being jobless for about 1 year got a job with the beverage manufacturing company called Coca-Cola in the year 2006. I worked there for 2 years up to 2008 and the company decided to do retrenchment to minimize their expenses and unfortunately I was among retrenched. The gratuity I got after retrenchment I decided to do business with it and that’s when i decided to be a stockiest and a distributor of the Coca-Cola drinks i.e my former company. The earning I get from my business is used to meet my daily need and those of my family. The remainder of the revenue i use it to add my stock to make my business grow.

My Business

About my business

I am a stockiest of the Coca Cola beverages. This includes sodas and juices.
The business is located in Utawala- Githunguri area which ideally is an area with above normal temperature making beverages as one of the most consumed product in the area as resident tries to quench their thirst. Customers prefer my business because of its ideal location and also because of the free delivery services i offer to customer. This I have managed by buying one bicycle and also employed one young man to do the delivery job. This has enabled me to develop a wide network with my customers since with just a phone call they can get their order. Offering this service has enabled my profit margin to rise considerably. This has given me courage to borrow a loan from Zidisha so that I can add more stocks. I also intend to by a motorbike which will help in fast and wide distribution of my product. The risk my business face is theft. To counter this I have employed to night guard who keep watch at night. Other risk includes employees who are distributing the goods. Sometimes they run away with the day sales. This i have been able to control by employing them permanently thus taking their identification certificates and also making sure that I know one of their relatives just incase something happens while at work place.As far as revenues are concerned, my business generates a total revenue of around Kenya Shillinngs Ksh 120,000.00 Costs include rent of Ksh. 10,000.00, salary and wages of about Ksh 28,000.00 and purchases worth around Ksh30,000.00 Deducting all these expenses am left with only Kshs 24000.00. This is the amount I use for supporting my family by providing food, clothing, shelter and education

Loan Proposal

I am involved with welding of steel doors, windows, and anything that is steel and need to be welded. Currently am having two branches, one located at Githuguri and the one located at Ruai. Recently, I had been receiving a lot of orders in Githunguri branch that requiring me to hire additional equipment in order to meet customers demand. Therefore, am planning to use the money I will receive from this loan to buy additional welding machine, and grinding machine together with other support tools to add inventory into Githunguri branch. I hope by doing so, I will be able to meet customer demands and projecting my business to faster growth.
MY budget is as follows
Welding machine Ksh 15000.00
Grinding machine Ksh 10000.00
Hacksaw and blades Ksh 2000.00
Grinding disc Ksh 3000.00
Welding rods Ksh 2000.00

The balance will be used for miscellaneous expenses which includes transport cost.
If my loan is funded,l the above list is how i intend to spend on my business.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$354.00

Date disbursed

Nov 10, 2017

Repayment status

Late

Projected term

8 months

Lenders

ads68

Melbourne, Australia

G

glh25

Winooski, United States

AS

Asa Svensson

Stockholm, Sweden

PG

Paul Graham

United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Domnic a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Evans    Jun 7, 2018

    Dear Lenders,
    Dominic is committed to making payment despite few financial challenges.He has informed me that he will start making partial payments as from 16/06/2018.

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  • Evans    Feb 5, 2018

    Dear Lenders,
    Dominic has been undergoing some financial difficulties because business went down but he has recovered and will commence making payments promptly.

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  • Domnic    Nov 5, 2017

    Dear lenders
    Thank you so much for lending me my loan. I have no words to thank you only . I can now see my business growing to a higher level. With the loan, am now going to buy a new welding machine, a grinder and other tools required to expand my business.
    Be blessed.
    Regards

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  • Domnic    Oct 23, 2017

    Dear Lenders
    I am glad to report that I have been able to pay my loan comfortably. It was great help to my business since now the business has shown it is growing well. Am just about to apply another loan and am kindly requesting for your support.

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  • Domnic    Jul 20, 2017

    Thanks lenders for funding me. I will use the loan to buy welding and grinding machine to improve efficiency and profitability of my business. God bless you all

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  • Domnic    Jul 12, 2017

    Dear lenders
    I would like to take this opportunity to thank you for the support you had been giving me since i joined zidisha. Am so much moved by your sacrifice and i would like to let you know that the previous loan that i take was a great success for me since my business has shown increased growth. Thank you so much for your support and may God bless you

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  • Domnic    Jul 10, 2017

    I would like to clear the loan from some money that i have gotten from somebody who owed me some cash.

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  • Evans    May 4, 2017

    Dear lenders,
    Dominic will deposit the balance today 4/05/2017

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  • Domnic    Aug 31, 2016

    Dear Lenders
    I take this opportunity to thank you for funding my loan. I intend to use this loan to buy welding and grinding machine . This will help me in increasing the quantity of the products that i will be making. This will also lead to me employing more people.
    Finally, i take this opportunity to thank you for supporting me.
    Regards
    Domnic

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  • Domnic    Aug 27, 2016

    Thanks for supporting me...God bless you abundantly. I still make passionate appeal for yu to continue lending me

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  • Domnic    Aug 25, 2016

    Dear lenders
    Am writing to let you know that the loan that you offered to me helped me alot to take my business to another level. I was able to expand my business by making welding business fully operational.
    I want to promise you lenders that as i post a new loan application, it is fully going to support my business

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  • Domnic    Feb 4, 2016

    Dear lenders

    Only 21 hours for my loan to be fully funded.
    This is my third time loan application after failing to meet the deadline for the last two applications.
    I humbly request you to fund me ant God is going to bless you abundantly.
    Regards
    Domnic

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  • Domnic    Feb 4, 2016

    Dear Lenders

    Am impressed by your support so far.
    May God bless you abundantly

    Regards

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  • Philip Schueler    Feb 2, 2016

    Good luck to you Domnic! Hope the business is going well!

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  • Domnic    Feb 2, 2016

    Thanks so much lenders who have already contributed towards my loan.
    Be blessed , and for those who are in the process of supporting me be blessed also.
    Regards
    Domnic

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  • Domnic    Jan 31, 2016

    Thankyou lenders for your support so far.
    Be blessed.

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  • Domnic    Jan 18, 2016

    My previous loans was used in adding the operating capital of my business. This brought a very big difference in term of the commission i get. This is because am able to move many crates per day. My earning have increased by about 20% of the previous earning . This has enabled me to be able to feed my family and pay school fees for may kids as this is the only business i rely on. With your support i can confess we are now leaving a comfortable life with my family as am now able to provide basic needs to them without struggling so much. They have also been of great support to me by psychologically and economically. Lenders, if you happen to visit Kenya and particularly Utawala, there are interesting places to visit. Nairobi National park is not far from here and other interesting geological features like the Komarock shrines. There are good hotels in the neighborhood like the Fahari hotel which only few meters from my business. You are very much welcome.

    Regards
    Domnic

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  • Domnic    Jan 18, 2016

    Dear Lenders

    Two days left to my second application deadlines.

    Kindly help me raise these funds and God is going to bless you

    Regards
    Domnic

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  • Domnic    Jan 16, 2016

    Dear lenders

    Still waiting for your support lenders.
    Regards

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  • Domnic    Jan 15, 2016

    Dear Lenders

    Am counting on your support to fund my business. Kindly help.
    Regards
    Domnic

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