Entrepreneur

About Me

My name is Samuel mugwe. Am a kenyan living in nakuru county langalanga estate. Having been brought up modestly in naivasha town decided to shift to nakuru so that i could depend on my own effort so i decided to set up a business in Nakuru town at langalanga estate where i live.i operate a wholesale shop and because it is doing well i would like to set it to be a big shop in the town where most of people are and that mean more clients will be there.That is why i would like to ask for a loan to top up my stock so that i can be able to stock my shop coz of the holy day coming soon in town.This wholesale.business has been able to sustain me and my family and would therefore like to set that shop to increase my and access new clients and increase my income level.

My Business

My business is a personal business. I depend on it to pay all my bills. I own a welding shop , based in Nakuru town. I deal with making of all metal work. But mainly welding and making of metal furniture as well as billboards .
Occasionally, I am hired to go and fix peoples’ houses, gates and office furniture. Metal work has a wide market in our town. People are coming up with buildings; hence my services are in great demand.
My workmanship is really good. Am known in town as a person who has a good finish in metal work. This makes it possible for many people to come for my services. So far the business has been giving me a good return enabling me to pay all my bills comfortable.
The major risk in this business is frequent power breakdowns in the town. Some time it can take few hours and this really affects my business.
My typical monthly cost is as follows, after I have paid all my bills, I remain with about Ksh. 40,000. I intend to use the profits to repay my loan

Loan Proposal

This will display in your loan profile page to inform potential lenders of the source of income that will be used to repay the loan. If your source of income is a personal business, you may describe the goods or services your business provides, why there is demand for these goods or services, why your customers prefer your business to the competition, why the business is profitable, the risks your business faces, your typical monthly costs, sales revenue and profits, etc. If you will not use the loan to invest in a business, please describe the source of income that will allow you to repay the loan. My business is a personal business. I depend on it to pay all my bills. I own a welding shop , based in Nakuru town. I deal with making of all metal work. But mainly welding and making of metal furniture as well as billboards . Occasionally, I am hired to go and fix peoples’ houses, gates and office furniture. Metal work has a wide market in our town. People are coming up with buildings; hence my services are in great demand. My workmanship is really good. Am known in town as a person who has a good finish in metal work. This makes it possible for many people to come for my services. So far the business has been giving me a good return enabling me to pay all my bills comfortable. The major risk in this business is frequent power breakdowns in the town. Some time it can take few hours and this really affects my business. My typical monthly cost is as follows, after I have paid all my bills, I remain with about Ksh. 40,000. I intend to use the profits to repay my loan

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