Lon to buy motor autospares

Entrepreneur

About Me

I am happy to have this chance to speak up about my life.
First, I was born in a rural set up and grew in a family of four siblings. I am the only boy and the first born of my parents. I was taken to school and pursued my education up to the level of acquiring skills. I am a professional Mechanic and loving my job. As a child I used to go to school as well as helping my parents with domestic work. My parents practiced mixed farming and I helped them taking livestock to the nearby river and collecting firewood. The cash crops were coffee and tea which contributed very well to the success of my education and that of my other three sisters. When i went for internship performed so well that i secured a job vacancy in the same the company. I worked with a vision that one day I will open my own Garage since I was very experienced in everything about vehicles. All the money i was getting I used to buy key mechanical tools that can enable me open my own business. Within a period of four years secured a location and i started calling all my former customers to follow me for my services. This is how I came to start my own job and i am doing great. What is unique about the place i stay is that community like mentors to guide them on what one opt to do to succeed in life.
My children would want to be educated and acquire skills to help them propel in life. My unique hobby is talking to the people in the society to embrace one another and discover their potential in life.
Thank.

My Business

I offer services of motor repair and assorted motor spare parts products.
These products and services are always on demand as the automobiles are bound to regular break down, normal wearing and tearing that requires maintenance and service like changing oil, oil filter, Air cleaner among many other services.
I choose this business because I like it; it pays for my bills besides being a professional business. My typical cost are cost of electricity for welding, cost of buying stock of my spare parts and service equipment, ground Rent and my assistant. My profit varies considerably based on the the number of customers i can handle but on average, I take home a least USD50.00.
My profit usually goes to meet these expenses by reinvesting and off setting my personal expenses. I occasionally help my parents to meet cost of living.

Loan Proposal

Well once I get my first loan of around USD60.00,i will buy frequent asked items.
I will buy Engine oils at a cost of USD30.00 and air cleaners at USD30.00.
This will keep me moving while offering repair services.
My profit will automatically increase from the current USD50.00 to 70.00.This is because i will no longer be sourcing money from other sources to service customers vehicle. My customers will be happy because I will not be telling them to buy oils and air cleaners in order to start their work and that they will be paying the total cost of service and those products.

Thank you.

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Loan Info

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