To buy material to use to make items in workshop
Gidieon
Kihoto Estate Naivasha, Kenya
100% repaid
Entrepreneur
Name
Gidieon
Member since
March 2014
On-time repayments
308 installments • 9%
About Me
am Gideon kimani.i live in naivasha at kihoto estate.I live in my small own house.i was born in nyeri district at othaya.I lastly went to school chinga high school where i finished in 200.6.Am married with three children two boys and a girl.My wife is called Margret and is a green grocer.Am a welder having trained at a polytechnic after school.I have a workshop at kihoto near my home.I make about $400 a month.I use $200 for my upkeep save $100 and reinvest $100 in my business.My future abation is to build a big workshop capable of supplying to the whole country.the undertaking requires a lot of capital which i hope to raise from your loan in future.Am an active catholic in faith and an active choir member.Sometimes i train surrounding secondary school music for music festivals and i have ever taken a choir up to the national level.Other hobbies are swimming and taking care of the environment
My Business
my business involve a welding work shop.I make metal door window grills, beds,and general metal fabrication.I have employed two people in the workshop.The business is good since there is a lot of construction in Naivasha as it is a growing town.The people who buy doors and grills use them to construct their houses.The challenges i face is the cost of material and their transportation.My customers prefer me because am a trained welder and am able to make high quality items.I make about $400 which i use $200 for my upkeep.Am left with about $200 at my own disposal to either save or reinvest in my business.This amount is usable to pay your loan.Why i need your loan is to help me buy equipments to make posho mills.Posho mills are used to grid maize making flour.They are very marketable in my country since maize flour is the staple food.Many farmers grow maize.I will be able to supply the whole country with posho mills.The machinery cost about $10000 which i hope to raise from your loan as i progress to higher amount.I want to expand my business also make farm machinery chaff cater and proughs and also irrigation equipment.If i expand mu business i will create employment for the youth since unemployment is a major challenge in Kenya.I hope to export my items to the neighboring countries earning my country foreign exchange which would contribute to economic growth of our country.I also want to start training young men and women my trade in my workshop in a way of helping the community.All these undertakings require huge investment and your loans will a great deal in accomplishing them.Thank you in advance
Loan Proposal
i will the amount to buy items i use like metal bars,metal sheet,angle lines and welding rods.Hoping upon reluctant creditors to supply them will be a thing of the past.I will distribute the money equally for all items.Sometimes my creditor fail to supply items in time causing inconveniences.When the items are supplied fast i will be able to complete the job for customers wall in time thus creating confidence.When customers have confidence they will tell others.the business will have more customers leading to success
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Apr 24, 2014
Repayment status
On Time
Projected term
2 months
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