Purchase of a welding machine

Entrepreneur

About Me

My name is Patrick Amugamwa iam amarried man age 30 years.Iam the soul bread winner of my family of four.I studied at mapera primary school,I droped out of school at my o level which forced me to look for temporary jobs and found some money that helped me to start these small business.Despise a lot of challenges iam still moving on.I come from western Kenya a place called Kakamega but currently living in Eldoret.I have been living in these town for the past fifteen years.

My Business

I have been operating for the last 10 years ,Because of ever increasing Population In Eldoret people are building houses every day.Thus the demand is high.I buy my material from the near by hardware I make doors and windows using metals.The cost of running the business monthly is 10,000/=.
The following is how I normally use profit from the business
10%I give tithe to the Church
70%Up keep i.e Food and rent
5% Savings
15% I support my aged mother and sisters in law.

Loan Proposal

Thank you lenders for giving me these opportunity to get credit from you.Given funding I will use my loan wisely especially in buying a small machine for welding worth 100 us dollars.Through that funding I expect to overcome challenges of hiring a welding machine thus the money which I would have used to pay for hire will go to loan repayment.I also expect my profit to increase by more than 50% because of the efficiency of my work will increase thus improve my income and attract also more customers.
Thank you for your wise consideration.

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