New pressure pump project

Entrepreneur

About Me

I am a married man and blessed with three lovely children,two boys and one loving and lovely girl.I completed my Secondary education where i sat my C.P. E and later on joined the business world in order to further my education in future.I pushed on with business for three good years and joined Thika Technical School where i did certificate in mechanics.Afterwards in four years time i completed my course and started my profession.Currently am offering this service alongside business.I realized the need to endulge in business again and this time in another category which i understand more due to my career .Currently i am dealing in secondhand motor vehicle spare parts business.I believe when i manage to get your fund assistance together with more ideas ,my business will be in a position to develop and cater for my daughter's education who will be joining secondary school next year.

My Business

Currently i am dealing with secondhand spare parts of motor vehicle.I decided to specialize in this kind of business because i have atmost knowhow to deal with it as part of my profession.The business faces many challenges such as lack of enough capital to invest in,lack of adequate commodities to cater for my customers,high prices for goods and counterfeit commodities which create fear and confusion in customers and stiff competition from the more developed same category of businesses in the area.I wish to expand my business once i get your funding by increasing stock and also include firsthand spare parts.By this i will be in a position to access more goods at cheaper price hence compete well and earn more.

Loan Proposal

I wish first to extend my gratitude to each and everyone who offered me support in the previous loan.I am sure you have a full knowledge of me and my credit assurance after i met my promise.Thank you and welcome again.

I now plan to buy a new pressure pump which will cost me Ksh42000 in order to minimize maintainance cost and maximize profit.The previous one that i had bought using the previous loan costs more to maintain and has low storage capacity,hence low profit.
I target to earn an average of Ksh700 a day from this project and this will raise my income to a higher level.Therefore i will be capable to pay back your loan as soon as possible.

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