Purchase drilling machine and materials for my workshop
James
Naivasha, Kenya
$0 to go
100% funded of $383 goal
0
days left
Entrepreneur
Name
James
Member since
November 2015
On-time repayments
82 installments • 17%
About Me
My name is James Ngutio I was born in 1990. I was born in a family of six children and I am the fourth born. I went to a school called Menengai Boys Secondary school in Nakuru county. I later on trained as a welder in the year 2012 to apprenticeship at Oduwa engineering workshop in Naivasha Later I worked with douwa for about three months before starting my own workshop called Ngutio Engineering workshop. I am married to one wife with one kid. Generally I can say that I am a hardworking man who believes in eating from my own sweat. I also value honesty as I know its one very important pillar in social life.
My Business
My business mainly involves welding and fabrication and I started this business more than 2 years ago. I started this business so that I could be able to earn more income to enable me improve my standards of living. My biggest challenge is lack of enough tools for my business. My future dreams is that my business will be the best performing company in East Africa and the best training center in Naivasha. In a month i make net profits of upto $ 200 which i use to buy more materials for my business and the rest cater for my family needs. I have great vision of expanding my business more.
Loan Proposal
I thank you all lenders, as my business has been increasing well. I wish to put a request of the above a mount which I plan to spent as follows:
1. Buy a new drilling machine which will cost me Kshs.17,000 to help me when I get work to go in the field I can carry it and retain the current in the workshop as I can now hire somebody to help when the work is a lot.
2.The rest I will use to buy more material for the making of steel windows and doors for display. This will cost me roughly Kshs 15000.
3. The other amount I will but welding rods, cutting and grinding disks and paint.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$383.00
Date disbursed
Mar 22, 2016
Repayment status
Late
Projected term
15 months
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