Machines for my growing steel welding business

Domnic Ndeba

Nairobi Githunguri Estate, Kenya

100% repaid

Entrepreneur

Name

Domnic Ndeba

Location

On-time repayments

213 weekly 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

My current business is faced with a lot of competition from my supplier. Therefore i have turned my focus now to welding steel doors, windows and gates. Recently, my business has shown tremendous growth and i have manged to open another workshop at the nearby shopping center called Ruai. This business is promising since i have even employed two more workers who are assisting me with the welding thus totaling four. If i succeed to get this loan am planning to buy another welding machine and grinding machine. Each welding machine cost about USD 250A and grinding machine at USD 100.This will enable us to be working all of us at the same time therefore making us increase the production thus profit

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$254.97

Date disbursed

Jul 25, 2017

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $11.44

Lenders

smonroe

Stanford, United States

J

johan

Oslo, Norway

BelleStarr

Albuquerque, United States

G

Gymeagary

Bangor, Australia

T

Tallago3

Munich, Germany

johnandmoliehi

Canton, New York, United States

B

briansedz

Canton, Ohio, United States

Tavin

Ottawa, Canada

J

jimmydjjr

Gautier, United States

P

PhilACK

Brampton, Canada

Matthew

New York, NY, United States

Jouni

Finland

G

Goodwill

Oakland, United States

P

pellm

Ashland, United States

M

michaelangers

Toronto, Canada

HMS_5th_Grade

Honolulu, United States

A

Andy

Berlin, United States

M

memorissima

milano, Italy

R

rmlyons78

Burlingame, United States

N

NLArjan

Leiden, Netherlands

M

Moonknight

Østre Gausdal, Norway

J

jocke

Stockholm, United States

JonB

London, United Kingdom

D

DanielW

United States

P

pitypang

Switzerland

SBlue1

Germany

D

drorm

United States

C

chrishol

United States

J

juniormint

United States

L

lenders

United States

Paul Buchheit

Mountain View, United States

N

nlane

Vietnam

D

DandS

United States

K

karthich

Austin, United States

mepster

San Francisco, Ca, United States

Otto Barten

Amsterdam, Netherlands

PolarBearCapital

United States

SuperMario28

Cudahy, United States

M

MSpainhoward

United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

MZ

Matt Zirwas

United States

MD

Mikey DiLalo

United States

PP

Pasi Paajanen

Helsinki, Finland

KD

Kent Don

United States

BS

Bruno Silva

United States

N

Nick

United States

A

Adam

United Kingdom

P

Peter

Bratislava, Slovakia

Cliff

United States

V

Vidar

Oslo, Norway

L

LuZi44

Basel, Switzerland

K

Klasi

Germany

KirstenAlana

Los Angeles, United States

Sinan Taifour

Munich, Germany, Germany

johannes

Taipei, Taiwan

E

Elle

New York, United States

Stuart

London, United Kingdom

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

Humble Bundle Community

San Francisco, United States

D

Dalton

San Francisco, United States

Jean Wren Chan

United States

GS

Gary Sinard

Franklin, TN, United States

M

Mack

Harbor, Oregon, United States

JF

J Fister

United States

GC

Gabriel Collins

United Kingdom

France

R

RMIM

United States

A

Anabell

Elizabeth, United States

Paul Buchheit

Mountain View, United States

S

Sandi

Ocean Shores, Australia

BN

Brian Neilon

United States

CN

Craig Newmark

United States

GS

gina sanders

United States

AB

Ashira Blazer

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

L

Liz

Canada

HB

Hugo Boss

United Kingdom

A

Anonymous

United States

BL

Bill Lowery

United States

RS

Rohan Singh

United States

sbdoc

Reno, United States

E

EJOBIV

United States

AA

Andrew and Kim

Nashville, TN, United States

Sadie Weiss

Knoxville, United States

MN

Mau NA

United Arab Emirates

EL

edna l rauch

United States

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

Loading...

Loading...

Loading...