Ordering more sofa set cover materials to meet demands

Francis

Nyeri Town Ruring, Kenya

76% repaid

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How it Works

Entrepreneur

Name

Francis

Member since

March 2017

On-time repayments

33 installments • 64%

About Me

Hello Zidisha , I am Mwangi Gakuo and i Hail from Nyeri Vicinity this is where i have been brought up near aberdare ranges ,from a humble background i went to primary school in Kiriti primary school from year 1993 up 2002 to Joined Secondary high school in Tetu High school in year 2003 to 2006 and after that i enrolled in Mathenge Technical college year 2007 for Carpentry and Joinery 1 year course and after that i enrolled in Teaching in A Polytechnic School within our locality in 2009 and after i started my self employment in nyeri Town in year 20134 and Opened an Office near my residence Home called Elifra furniture ventures.

My Business

My business deals with furniture inventories like sofa sets, tables, Sugar dishes, chairs, PVC cellings, wardrobe and like. My materiasl i fetch them from the hardwares and sawmills. my stock as per now is worthy $300 dollars and still expanding since the customers are in need of the items as the enter to new houses especially here in town. i choose these business since its works with local and available materials.I normally get a profit from the items when i sell them at around $ 450 dollars when per every month making a profit of 150&. So my business is making out of the items i normally make 33% . This caters for my saving $50, house rent 20$
,food $ 40 and 12 dollars for travelling, and school fees for young daughter is 28$.
Since i cannot be able to meet some customers target i want to buy electrical equipments for carpentry in order to work efficiently. I would be glad to be funded.
best regards

Loan Proposal

My proposal is to buy sofa set material to enable me meet the customers demands facelift with the new sofa set material . Since i cannot meet the demand since i do not have enough funds i need a boost to my business. out of the price of the material i will generate 25% as the profit on one turn. Through each and every week orders i will be able to meet my house demands and make payment to zidisha. That means the stock can be paying me and fund back the loan. It is my hope i will be able to get the funds from the lenders and i will be glad.
best regards.