To buy sharft and plates for the workshop
Phibian
Kisumu, Kenya
60% repaid
Entrepreneur
Name
Phibian
Member since
February 2015
On-time repayments
14 installments • 36%
About Me
having been brought up in a very large family, my childhood was not that good as i had to struggle to complete my primary and secondary education with a lot of financial problems. my college life was also a great challenge as most of the time i had to struggle to get the school fees on my own. am happy that i was able to overcome those challenges and completed my education, since completion i have worked in various places and got enough capital that i used to set up my own garage/mechanical workshop. i greatly enjoy working at my garage and also reading novels at my free time.
My Business
i make and repair heavy machinery such as concrete mixer, plate compactor, diesel engine, generators, electric motors and posho mill. i also service cars and sell spare parts. i chose this business because its not common with many people as in many people lack the required skills to make this things. the goods and services are in demand as many cars need to be serviced and many business people with broken machinery would always bring them to be repaired, no machine can run for that long without being serviced. i get about four thousand per day but its not enough as i have to take care of my late brothers family, pay his kids school fees, and generally take care of their every need. i also took my sister back to college and take care of her child. i know by getting a loan from you my business will expand as i will be able to buy more equipment and this will hep me to fulfill all my responsibility.
Loan Proposal
I am going to buy plates and shafts which are used in the production of machines. they will cost about ksh. 8000. they will help in making one machine which am going to sell later on with a target of making ten percent profit. after this start am going to persistently continue borrowing money from you and paying it on time then use it to buy workshop equipment that will help my business grow.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 12, 2015
Repayment status
Late
Projected term
3 months
Lenders
North Carolina, United States
Germany
Jake Gibson and Beverly Picardo
San Francisco, United States
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