Entrepreneur
Name
Francis
Member since
March 2017
On-time repayments
33 installments • 64%
About Me
Hello Zidisha , I am Mwangi Gakuo and i Hail from Nyeri Vicinity this is where i have been brought up near aberdare ranges ,from a humble background i went to primary school in Kiriti primary school from year 1993 up 2002 to Joined Secondary high school in Tetu High school in year 2003 to 2006 and after that i enrolled in Mathenge Technical college year 2007 for Carpentry and Joinery 1 year course and after that i enrolled in Teaching in A Polytechnic School within our locality in 2009 and after i started my self employment in nyeri Town in year 20134 and Opened an Office near my residence Home called Elifra furniture ventures.
My Business
My business deals with furniture inventories like sofa sets, tables, Sugar dishes, chairs, PVC cellings, wardrobe and like. My materiasl i fetch them from the hardwares and sawmills. my stock as per now is worthy $300 dollars and still expanding since the customers are in need of the items as the enter to new houses especially here in town. i choose these business since its works with local and available materials.I normally get a profit from the items when i sell them at around $ 450 dollars when per every month making a profit of 150&. So my business is making out of the items i normally make 33% . This caters for my saving $50, house rent 20$
,food $ 40 and 12 dollars for travelling, and school fees for young daughter is 28$.
Since i cannot be able to meet some customers target i want to buy electrical equipments for carpentry in order to work efficiently. I would be glad to be funded.
best regards
Loan Proposal
Thanks , I will purchase the PVC panel board for window display which will amount to 30$ so as to create room for another self employment opportunity for the new modern way of putting ceiling and replacing the old wooden one. this will safe the house builders alot of money since the wooden one is costly and is labour intensive to the house owners. The PVC looks smarter and inviting to new modern indoor ceiling. The much benefit i will get since it not well known to many this will increase my funds profit in material seeking and at the same time am the forman when it comes to fixing. Its my sincere hope i will jump from 150$ to 190&. saving $80, house rent 20$ ,food $ 40 and 12 dollars for travelling, and school fees for young daughter is 28$.
Thanks in advance
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Loan Info
Project Type
Classic Loan
Disbursed amount
$19.00
Date disbursed
Dec 13, 2017
Repayment status
On Time
Projected term
4 weeks
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