Purchase of inventory and machines

Lydiah

Karatina, Kenya

100% repaid

Entrepreneur

Name

Lydiah

Member since

January 2016

On-time repayments

223 installments  •  93%

About Me

My name is Lydiah Wanyara, 28 years old, a single . Am the first born in a family of four, born and raised in Nyeri county. I am self motivated and focused to achieve my goals. Am currently in autopaints sales and services business focused to support my 3 siblings.
I started my education in kerugoya primary then later joined Kabare girls. In 2012 i joined Karatina University for a degree course in Bachelor of commerce . For the past four years i have been offering autopaints sales and services a at Karatina town in Nyeri County. I use my business proceedings to support my siblings as well as maintenance in my business.

My Business

My business has two major sections. Autopaint sales and auto repair services. It is located at Karatina town, Nyeri Nairobi high way, next to Karatina stadium. As a way of giving back to the society I started auto repair training to youth in the community. we offer practical skills needed to the youth to enable them earn a living. This entails panel beating, spray painting and mechanic skills at a subsided cost. In addition i offer Auto paint sales to garages in karatina town. s my business niche focuses impacting skills to form four leavers as they wait to join colleges and other institutions.
My business goals include
1. To establish a profitable and sustainable business in autopaints
2. Offering the best Auto paint to customers.
3. To be the leading autopaint sales and services provider.
4. To reach out to 20 youths every year.

The business unit generates an average of 8000$ per year. Part of this income is used to support my family while the rest is used in the business as the working capital. The main challenge facing my business currently is limited space, inventory and equipment to match with upcoming technology.

Loan Proposal

Hi lenders i thank you for your financial support that has made a tremendous growth in my business.
I hereby wish to apply for a loan of 670dollars, my project will cost 1070dollars , i contribute 40 dollars from my proceeds from my sales.
i need to purchase a spraying machine of 370dollars , metal bars and iron bars of 450dollars,block boards100dollars,50dollars for repairs and maintenance,100dollars for metal bars and iron bars.
The proceeds from the sale will help pay school fees for my siblings as well as pay my workers.
Thanks for your continued support, it has made me achieve my goals and help finance my projects.

Feedback

6

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  • David    May 16, 2017

    Once again, I am extremely pleased to have been able to help a person that is doing good work for her community and paying off her loan efficiently.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$685.00

Date disbursed

Jan 27, 2017

Repayment status

On Time

Projected term

3 months

Lenders

Bobrm2k3

Charleston, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Mary

Germany

Ed

Howells, United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

France

David Nash

Sydney, Australia, Australia

David

Canada

Paul Buchheit

Mountain View, United States

Aluna Michaels

Clearwater Florida (not Canada . . .), Canada

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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