Inventory of construction materials for hardware shop

David

Utawala, Embakasi,nairobi, Kenya

67% repaid

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How it Works

Entrepreneur

Name

David

Member since

May 2013

On-time repayments

115 installments • 37%

About Me

I am married with three children. my first born is in class three and the second born is in class one and the younger one is one and half year old. I a married to one wife who love so much. she is house wife and takes care of my children very well while I work hard in my business to provide the basic needs for my family. I have ventured to many business such as selling clothes which did not pick well due to lack of enough capital to run it. I was once employed a s casual labor in a timber industry for five year and then I moved to my own business of selling hardware building materials and equipments.

My Business

My business is of selling hardware materials and equipment to hardware shop on wholesales terms who the sell them to the their customer at retail price. I by my product directly from the manufacturer and distributors at a discounted price where I enjoy a cash discount and trade discount from the dealers and then sell them to my customer at a profit. In this business I make a profit of Ksh 15,000 per month after paying for all my expenses. this money I make I use for my family basic needs such as food and paying for rent. The main challenge of my business is lack of enough capital to buy more goods and meet the high transport cost

Loan Proposal

am overwhelmed by by you lenders for your generousity.the previous loan was very helpful.am planing to fully deal with hardware materials this time unlike the previous loan where i used somo money to purchace some chiken.am planning to fully stock my business with items that i could not manage to stock the previous time.items like ironsheet, bindingwire,waste pipe,meshwire,chainlink and many other which i believe it will cost me the whole amount tha u will glant me.