Loan to buy electricity repairs & wiring equipments

Paul

Ongata Rongai, Kenya

100% repaid

Entrepreneur

Name

Paul

Member since

April 2016

On-time repayments

43 installments  •  72%

About Me

Well, I am a young and energetic man born and brought up in rural areas. In my childhood life I was taken to school just like any other chid.My parent were farmers and kept few cattle for milk and manual for cultivation. As a second born of four and the only boy in the family used to help my parents with domestic work when I am not in school. I used to help in cultivating land and rearing cattle mainly cows, goats and chicken. I finished both primary, secondary education and joined a technical institute where I got the skills and graduated with a diploma in electrical and wiring.Effotr to secure job was unsuccessful and I resulted to moving from one construction site another seeking a contract. This took sometimes until I decided to save some money and buy a few of the required electrical repair equipments. Now with my own equipments, this came as an opportunity for me to start securing contracts in new building. Today i am doing well and I love my job. This is how i overcame hardship and started my own job instead of being employed.
What is unique about the land i stay is that people help one another in times of needs. My children would like to be feed, educated ad get the skills to be productive in the society. My unique hobby is helping the needy in our society and guiding youths to have good moral behaviors’ also love watching movies and football.
Thank you.

My Business

My business is purely offering services of Electricity repairs and wiring servises.This service is always on high demand since all the house requires to be connected with electric cables and wires for lighting therefore making the service more demanded. I choose this business because I am love it, i am experienced in it and it is my profession.
My typical costs are cost of buying Tools or work equipments these are like;
Electrical Distribution and Protection Equipments such as, Fuse Holders, Circuit Breakers, Safety Barriers, Transfer Switches &Terminal Blocks. I also buy Wire and Cable Accessories like Cable Assemblies & Cable Clamps. I also buy Switches like Emergency Stop Switches & Pushbutton Switches. Also power Meters and Indicators for both Analog & Digital Panel Meters. My profit goes towards meeting the above costs as well as paying for my bills and helping my parents.
Thank you.

Loan Proposal

When I get the loan, I will buy Electrical Distribution and Protection Equipment. I will buy Fuses at a cost of $20.00 and Transfer Switches at $16.00.
On the list also will be Switches. I will buy the commonly used Pushbutton Switches at a cost of $25.00.Most important also will be Wire and Cable Accessories at a cost of 28.00 and $ 24.00 respectively. I will also buy a dust coat and voltage tester at $8.00 and $3.00 respectively.
Now with all these equipments, I expect my profit to sharply shoot from the current USD200.00 to 300.00 per month from my focus. This will be attributed by efficient in getting repairs and wiring equipment and more work take up.
I will be very glad to achieve such a great level in my business I will thank you Zidisha and my Lenders.
Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$250.00

Date disbursed

Apr 15, 2016

Repayment status

On Time

Projected term

7 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

The Zinc Team

San Francisco, United States

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