Purchase of welding materials

Kefa

Mahaya Village, Kenya

29% repaid

Entrepreneur

Name

Kefa

Member since

January 2018

On-time repayments

28 installments  •  89%

About Me

I am Kefa Babita Opudo born Siaya county,Rarieda constituency,Asembo Mahaya in 1965 and the second born in a family of five children. I did cpe examination in 1984 and did kcse examination and did fairly. I later got married and blessed with 4 children. The first born is in Maseno university fourth year studying education and would like to be a teacher. The second born is in secondary school form 3 and would like to be a doctor. The third child is in primary school class 8 and would like to be a nurse and the last child is in primary school class 4 and would like to be a accountant. In Asembo,there is good rainfall which is good for farming, commercial activities and sufficient fishing activities from lake Victoria. During free time, I prefers going to church to attend mass services, watches educational programs, studying Bible and reading books and magazines.Due to increase in family, I went to Bondo town to search for welding Jobs which I got abundantly because I learned welding courses in Kisumu from a cousin who had a garage and welding workshop.

My Business

In Bondo town, I got sufficient welding works which aided me with good income to provide basic needs like food,good shelter,clothes and education to the family,school fees are paid and some other secondary requirements are also provided. Since August 2017,I am operating a welding workshop. Equipment, materials,labour and good capital are the vital factors influencing this kind of business.Provisions of the above factors may increase income and status of welding business by 50% .

Loan Proposal

Thanks so much for the financial services offered to me. I will buy 1 packet of welding rods at a cost of KES 1100, 2 electrode holders at a cost of KES 800, some 2 metal tubes of 50x50x2 mm at a cost of KES 3600,4 cutting disks and 1 grinding disk all at a cost of KES 1000, and a pair of hand gloves for protection measures at a cost of KES 200.These items if purchased will increase my profit margin by 40% and eventually enable me to provide food, clothes, paying school fees for the children, building good shelter, paying work and house bills and other requirements bought.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$78.00

Date disbursed

Sep 24, 2018

Repayment status

Late

Projected term

3 weeks

Lenders

ads68

Melbourne, Australia

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