Velvet material for making sofas & other furnishings

Stanley

Nairobi, Kenya

32% repaid

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How it Works

Entrepreneur

Name

Stanley

Member since

January 2017

On-time repayments

10 installments • 50%

About Me

Am father of two children both in primary school and am living in pipeline nairobi. I was born in kakamega county in western kenya in a family of 6 children being the second born. I went to muhila boys high school and later joined polytechnic for carpentry course. After my course i got a capital from parent to start up my own workshop for carpentry that i managed it well and decided to open up a new brunch in Nairobi after i got a report of high demand in home furniture and decided to open a workshop that am now managing.I would like my children to be doctor and pilot when they grow. I like playing football and watching movies.

My Business

I make and sell home furniture like beds, sofa set, wall units, tables and cupboards which i sell to my customers at relatively lower and affordable price. This goods are more useful to our daily life as is a show of home improvements and comfort life.i spend $150weekly to buy materials for my workshop and make a profit of over 35%after selling my goods. I use my profit to grow my business, pay rent, school fees and home improvements.

Loan Proposal

Since i have agent orders for sofa set from my customers and am in less capital to buy enough material after paying my children school fees, granted my first loan i will use it to buy more velvet materials for me to be able to complete my orders on time for my customers. This will increase my profit and expand my business. Thank you.