Timber, nails, saw and plane for carpentry work
Joseph
Arambe, Kenya
48% repaid
Entrepreneur
Name
Joseph
Member since
March 2015
On-time repayments
19 installments • 0%
About Me
About Me:
Am a first born in a family of six, I went to Rift valley technical training institute for a diploma in carpentry and Joinery in 1996 and finished in the year 1998 and after that I started my business and pursue a career in carpentry. Getting capital to begin that business was not easy, but with my little capital which I collected while in attachment , I opened a workshop where I prepare furnitures and sell to the nearby neighbours. Therefore, I request zidisha for a little loan to boost my business in terms of capacity.
The business is situated in Migori town and has been in operation for 5 years
The reason why I started the business was due to high demand within and many students around which acts as a large market .
I usually re- invest most of the profit the business has generated in order to increase the capital base.
With the zidisha loan, i will increase the furnitures and bring in different categories to meet various customers demand. This will increase my profit and therefore help create employment to jobless youths in the village hence improving their living standards.
My Business
My business sells a variety of furnitures ranging from stools,tables,chairs,beds and wardrops.These furnitures customers buy frequently in order to equip their houses.I decided to start this business with a little capital collected from attachment and now its moving well and the reason why I started is because demand was high and their was ready market from college students.There are several competitors in the area, however my business attract more customers because of its strategic position and furnitures are sold at a subsidized prices.
Currently, the furnitures are not sufficient to meet customers demand due to increased population and high demand.
Thanks.
Loan Proposal
My Loan Proposal:
When I get this Loan,i will add additional furnitures like:
Timber at @50 US dollars
Saw @15 US dollars
Nails @ 20 US dollars
Plane@ 10 US dollar
,Without your help I will not be able to meet alone as the cost of those tools are high due to inflation.By meeting this requirements ,my profit will increase by 25% and thereafter 50% every month and this will enable me employ more people,supply more furnitures hence improving the economy.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Apr 8, 2015
Repayment status
Late
Projected term
4 months
Lenders
United States
Canada
Summary
Amount repaid
$50.56
Amount remaining
$55.00
Expected completion
Aug 23, 2015
Status
Repaying late
Installment amount
$5.56
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 19, 2015 | $5.56 | May 10, 2015 | $5.56 |
| Apr 26, 2015 | $5.56 | May 18, 2015 | $5.56 |
| May 3, 2015 | $5.56 | May 26, 2015 | $5.56 |
| May 10, 2015 | $5.56 | Jun 27, 2015 | $5.56 |
| May 17, 2015 | $5.56 | Jul 8, 2015 | $5.56 |
| May 24, 2015 | $5.56 | Jul 8, 2015 | $5.56 |
| May 31, 2015 | $5.56 | Jul 8, 2015 | $5.56 |
| Jun 7, 2015 | $5.56 | Aug 12, 2015 | $5.56 |
| Jun 14, 2015 | $5.56 | Aug 12, 2015 | $5.56 |
| Jun 21, 2015 | $5.56 | Nov 5, 2022 | $0.56 |
| Jun 28, 2015 | $5.56 | ||
| Jul 5, 2015 | $5.56 | ||
| Jul 12, 2015 | $5.56 | ||
| Jul 19, 2015 | $5.56 | ||
| Jul 26, 2015 | $5.56 | ||
| Aug 2, 2015 | $5.56 | ||
| Aug 9, 2015 | $5.56 | ||
| Aug 16, 2015 | $5.56 | ||
| Aug 23, 2015 | $5.56 | ||
Ask Joseph a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.