To increase stock of doors and frames in my shop

David

Naivasha, Kenya

100% repaid

Entrepreneur

Name

David

Member since

November 2013

On-time repayments

242 installments  •  10%

About Me

Am David murage wachira,born in 1966 nyeri district,nyeri county.Am married with three children.my parents are Jane gathoni kariuki and john wachira jackson.Am the first born in our family.I have five siblings,one boy and four girls.I was born in 1966.I want for primary education at kirichu primary school from 1974 to 1980.I then joined Muruguru secondary school in 1981 and finished my O level in 1985.I passed.I joined chinga boys high school in 1986 and completed my A-levels in1987.I joined kagumo teachers college in 1990 and trained as a teacher where e completed in1992.I tought in different school until 1998 when i stopped and started a carpentry business involving making and selling doors.That is the business e have done since then.I hope to buy machines to boost the business when i get Your loan

My Business

My business involves making and selling doors made of timber.It is located at Naivasha town near Naivasha general hospital.The items i sell are are very marketable since Naivasha is a growing town.In a good day i might sell 10 doors and frames making an average of ksh1000.what minimize my profit is the high cost of items and the transportation cost since we get them from Nairobi.The profit is marginal since for sh30000 i only get sh1000.
If i could buy machinery to make them by my own i could increase profit to ksh500.my business would encounter growth.With finances from you,i may be able to achieve it

NB-US$1=ksh82.

Loan Proposal

The amount you have lend me i will use sh1000 t0 buy doors and sh1500 to buy flames.Sh500 will be used to for transport.however,the amount will buy only one door and two frames.Am hoping to pay the amount first within five weeks so that i can obtain hing amount from you which can add my stock sabstancialy.my long term goal is to pay loans first so that you can loan me sh80000 which i can buy machinery to make my own items which will increase profitability.I will be able to have a large workshop which will make many items.i will be able to employ many young people which will increase their livelihood

US$1=SH80

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Apr 13, 2014

Repayment status

On Time

Projected term

2 months

Lenders

BethaniK

Washington, United States

H

howard

Vence, France

H

HPBCompuGeek

United States

S

sgtcjl

United States

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