Welding machine for making doors and windows
Donald
Nakuru, Kenya
100% repaid
Entrepreneur
Name
Donald
Member since
February 2016
On-time repayments
172 installments • 51%
About Me
I'm Donald Kiplagat a family of five,grew up in a humble family.My parents managed to educate me to high school level and hereafter joint polytechnic on welding,where i had to be employed for two years and thereafter become self employed.
Having been raised at a rural place where i had passion in farming, so i started agribusiness to supplement my current business of welding to increase my income.
My Business
I started my business of planting Tomatoes after realizing their was a lot of demand and market within and outside the locality .My biggest challenge has been shortage of money to buy fertilizes and expand the pieces of land. My customers are the community within and those from various regions. In a good month i make profits of up to $ 200 which i invest back to the business 80% and the 20% i use to cater for my family needs.
My goal is to be a prominent in farming and have better life for me and my family in the coming days ahead.
Loan Proposal
Given the loan together with my savingsi will purchase an arch-welding machine and a grinding machine which will cost me around $220. With the machines I will tap more customers and increase my income. I will use the income to repay the loan as well as scale up my business to other regions.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 7, 2016
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Pitten, Austria
Taiwan
Germany
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