Loan to buy balancing machine and tools in my workshop

Juius

Eldoret ,kamukunji Estate, Kenya

100% repaid

Entrepreneur

Name

Juius

Member since

February 2016

On-time repayments

281 installments  •  52%

About Me

I am Julius Ouma ,born Eldoret Town Kamukunji Estate 27 years ago.Iam married and God has blessed us with one sone who is yet to start schooling next year
I myself have completed O level education but did not continue with college due to financial problems .After two years of my O Level I joined a course of motor vehicle mechanic sponsored by catholic church near by .I finished the course in three years then got a job in Jua kali sector in Eldoret town.

My Business

I repairs motor cars and also replace the spares and doing services.
This service is in demand and important because there are many people buying cars from abroad and no body or there are very few technicians servicing them or rather repairing them.
My typical cost and revenue is approximately 150 us dollars 
This is how I use my profit which I do get from the Business ,
School fees ,40 %
Re investment 10%
Home improvement20%
I also give to the Church 10%
This will increase as the Business also grows and expenses will also grow.

Loa

Loan Proposal

Hello my lender thank you very much for giving me this chance,first I'll give my ten percent after that I'll buy a balancing machine worth 40000 thousand Kenyan shilling after and some tools in my shop,my lenders I will appreciate so much It I'll recieve the amount it will help me so much.thank you my lender and may God bless you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$461.00

Date disbursed

May 10, 2018

Repayment status

On Time

Projected term

4 months

Lenders

CN

Craig Newmark

United States

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