Helping with my sibling's school fees & buying tools for my garage
Juius
Eldoret ,kamukunji Estate, Kenya
100% repaid
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 440 us dollars as follows :-
school fees for first term for my sibling 250 dollars
buy tools to add on my garage tool box 190 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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$452.00
Date disbursed
Jan 11, 2017
Repayment status
On Time
Projected term
43 months
Lenders
Belgium
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
United States
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