Name
Victor
Member since
October 2019
On-time repayments
84 installments • 49%
I am an entrepreneur that owned and operates an Automobile Repairs Garage/Workshop. I needed this loan to augment my working capital in running the operation of the Automobile repairs workshop. We needed to keep stocks of fast moving spare parts such as engine oil, oil filters, fuel filters, brake pads and spark plugs that are needed for routine services.
We also want to purchase spare parts for overhauling of 2TR engine of Toyota Hilux 2012 model. Overhauling parts to be purchased include main and metal bearings, top cylinder gasket, oil pump, valve seals etc
I have an Automobile repair workshop that I generate daily income from. At the Auto repairs garage, we rendered services to both individual and corporate customers and this requires us to have stocks of spare parts needed for on-demand services. Our Services include routine maintenance, mechanical and electrical repairs, accident body recovery and painting, tyre services such as balancing and allignment of wheel. We also offer training to large fleet owners.
I will use the money to buy stocks of Synthetic Oil, Oil Filter, Fuel Filter, Spark Plugs, Brake Pads and Brake Fluids. I am projecting an increase of 8% in our turnover and 5% in Profit.
We are currently rendering services to customers at home and offices. We are also running an end of the year promotion of free diagnosis. These are done to increase turnover so as to make more money.
Jan 18, 2021: Victor mesole, automobile engineer
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$262.00
Date disbursed
Oct 26, 2020
Repayment status
On Time
Projected term
3 months
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