Purchase assorted electrical equipment for sale

Duke Melson

Nakuru County, Lanet Estate, Kenya

100% repaid

Entrepreneur

Name

Duke Melson

Member since

September 2014

On-time repayments

26 installments  •  50%

About Me

Iam a family man and i live at lanet estate within free area of Nakuru county.Iam a diploma holder in electrical engineering and i started this business immediately after graduating.I purchase equipments for installation of cooling tanks since this is my profession.I like working hard and meeting targets to meet my goals.I love mingling with people who have succeeded in life and therefore borrowing a leaf for my growth and development. In this business, i have been able to meet my needs, feed my family and as well meet the demands of my clients. I have over ten years experience in this field and am more proud of it.

My Business

My source of income is from my business that i run by the name exodus electrical services.I source equipments( electrical) repair cooling machines for dairy cooperative societies, and sale the equipments as well at retail and wholesale prices.
I also offer consultancy services to such kind of companies .There is demand since most of the clients i deal with own diary firms and therefore of late there has been a lot of demand for cooling tanks.My business is always preferred since i always strive to meet targets and provide quality services as compared to those in the same field.My price in the market has a competitive advantage over others.The business is profitable because i source at cheap price and supply at a reasonable price. As well, i hand deliver to clients and that is why the demand and supply is good therefore higher income.Risks are averse in any business. Competition, marketing, pricing among others. I have overcome this by dealing with promotion services, research on market prices and as well on other regional market trends. My typical monthly cost goes to Kshs. 50,000 in sales and profit revenues.

Loan Proposal

I will use the loan in purchasing assorted electrical equipments for sale at whole sale and retail price. This will cost me Kshs. 4,349. This will boost my business, my income and will further advance my family's socioeconomic standards of living. I look forward to be supported again. Thanks.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$48.00

Date disbursed

Mar 11, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

T

ToddK

Indianapolis, IN, USA, United States

McJulio

New Jersey, United States

Z

zvrk2014

Brookline, MA, United States

Cathy

Melbourne, Australia

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