Loan to buy electricity, repair wiring, equipment & accessories
Paul
Ongata Rongai, Kenya
2% 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
Well, once I get my next loan, I buy in wholesale for my shop. I will buy more of electric and Electronics Equipments for my shop. I buy more of Fuses at a cost of $45.00 and Transfer Switches at $55.00.
Also on the list, I buy assortments of Bulb/lamps holders at a cost $39.00 and buy power switches and the common ones are the Pushbutton Switches at a cost of $35.00.
More important also will be assorted the Wires and Cables Accessories at a cost of $48.00 and $55.00 respectively. Also, I will buy connectors and power extensions at a cost of $30.00
I will also buy another dust coat and universal voltage tester at $12.00 and $25.00 respectively. I will introduce more life saver bulbs and plumbing materials at a cost of $20.00
According to my business, with all these equipments, my profit will again rise sharply from the current USD300.00 to USD500.00 per month. I will do more services while selling my shop. This will contribute largely in my business achievements through efficiency in repairing and wiring services and more work take up will open. My family will be happy with me by seeing a responsible father who is providing to them all their needs. I will be able to help my parents to connect even water in their house back home; I will continue to paid school fees for my child and feed my parents. In this loan, i will expand my business and repay your loan on time and help the hunger stricken families in this time of drought in our country.
I will be very happy to achieve such a great level in my business I will thank you lenders and Zidisha family.
Thank you.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$375.00
Date disbursed
Nov 13, 2016
Repayment status
Late
Projected term
62 months
Other loans
Lenders
United States
Portugal
Phoenix, United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Ask Paul a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.