To buy a grinder machine for my welding business
Brighton
Ndola, Zambia
51% repaid
Entrepreneur
Name
Brighton
Member since
August 2015
On-time repayments
14 installments • 64%
About Me
I was born in 1973, in a small town of Luanshya, one of the mining towns in Zambia,. I'm the first born in the family of six. I did my primarily and secondary school in Kitwe, and i Obtained a Full grade Twelve Certificate. I lost my father at the time i was accepted to go to the university. So, since my father had died, it wasn't easy to raise money for the university as my mother was just a full time house wife at a time. I had great passion for school, so i decided to do a part time job as a security guard at a Zambian only power producing company ZESCO. i was going to school in the morning from 8 am up to 5 pm. And 6 pm i went for work unto the following morning. i did this job for 2 yrs until i finished a course in Accounting Technician Diploma. Graduated with flying colors. By then i had raised money to look after my mother and my young brother and 4 sisters. After completing the course, i applied for a job in the mines as an Accounts Clerk.
My Business
I was so much into business. One day, i attended a workshop on Entrepreneurship and from that day, my dream was to form my own company. In 2009, i registered my company under the name Mpaks Enterprises Ltd. This time, i was still in Employment. So, i was working long hours in order to have some time for my company. i started with General Supplies, selling Electrical and Hardware. I was promoted at my work place. so i had less time to concentrate on my company. Until, when i finally when my contract ended in 2013, So, since then i have struggled to build my company. In 2014, i incorporated welding and selling of cement blocks as i had seen a demand in Blocks because there where to many people doing a lot of constructions in the area. Right now am able to sell at list 10 window flames and 10 door flames per week. And now i can send my children top school. Even if am not in full time employment, but i can send my kids to school. Buy some necessary things at home. And put of the money i want to start a transport business which i have now introduced apart from the supplying and the welding business. My future plan, is to start saving an be able to buy atlist a truck every year. I know i can do it because the sky is the limit.
Loan Proposal
I want to buy a grinder for my welding business which cost about $ 150. The grinder which i was using unfortunately was cooked due to some load shedding or power cuts. Once i acquire this machine it will definitely help me and my customers who want to do a lot of cutting. Once this grinder is purchased, it can raise more than $ 250 before i replace it with a new one.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Sep 15, 2015
Repayment status
Late
Projected term
3 months
Lenders
United States
United States
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