Purchase a metal drill and a grinder for my mechanic shop

Entrepreneur

About Me

I live in Kiptangwanyi shopping center which is approximately 42km from Nakuru town. Nakuru town is our nearest major town within this area. I am married with three children who are all in school. I live in my own plot at the shopping center where I carry out my business. I live in plot number 432 with my family. My business entails the service of welding and car general repair at the shopping center. The business is marketable as there is electricity which I use in most of my operations.

My Business

My business entails the service of welding and car general repair at the shopping center. The business is profitable since the nearest place where people can get these services is Nakuru and therefore it is more cheaper to obtain these services here as compared to traveling to Nakuru town. The main challenges that this business encounters are lack of enough capital to expand the business and fluctuating prices of fuel which adversely affects the the cost of electricity.

Loan Proposal

Dear lenders
I am grateful that I have gotten this opportunity to post a loan on Zidisha website. I am planning to purchase a metal drill which will cost about 15000ksh(about 167dollars). I also wish to buy an electric grinder. This will cost 10000ksh(about 113US dollars). The remaining amount I will use to purchase materials for ready made welded items.
Thanks in advance.

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Loan Info

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