Renovate my garage

Juius

Eldoret ,kamukunji Estate, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Juius

Member since

February 2016

On-time repayments

281 installments • 52%

About Me

I am Julius Ouma ,born Eldoret Town Kamukunji Estate 27 years ago.Iam married and God has blessed us with one sone who is yet to start schooling next year
I myself have completed O level education but did not continue with college due to financial problems .After two years of my O Level I joined a course of motor vehicle mechanic sponsored by catholic church near by .I finished the course in three years then got a job in Jua kali sector in Eldoret town.

My Business

I repairs motor cars and also replace the spares and doing services.
This service is in demand and important because there are many people buying cars from abroad and no body or there are very few technicians servicing them or rather repairing them.
My typical cost and revenue is approximately 150 us dollars
This is how I use my profit which I do get from the Business ,
School fees ,40 %
Re investment 10%
Home improvement20%
I also give to the Church 10%
This will increase as the Business also grows and expenses will also grow.

Loa

Loan Proposal

Dear Lenders thanks very much for the previous loan .
I would like to propose that given funding I will use the funds i.e the 290 us dollars to buy materials for renovating my garage as follws :-
iron sheet 120 dollars
nails 20 dollars
timber 50 dollars
and labor 70 dollars
miscellaneous expenses 30 dollars
That will enable me work effectively

I believe that by doing so I will have increased my efficiency thus income .
I look forward to your help.