Entrepreneur
Name
Eric
Member since
September 2014
On-time repayments
25 installments • 72%
About Me
I was born and brought up in a rural home set up. As a family we faced many challenges. My Dad passed on when I was only four years old. I am the sixth born in a family of seven.
My mother did what she could manage and I went through education and training. Now I have skills and knowledge which gives me my daily bread.
As I grew up I had an ambition of owning a big business. I have tried to put up business many times but often the business fails badly! In fact I had despaired. I had lost hope of ever doing business. I had become broke.
However, next to my apartment, several residential buildings were under construction. I noticed there was very big demand for steel doors, windows and grilles. I identified a business opportunity here.
Two years ago I rented a house, bought a few machines and tools and off I started the business. Today I do not regret the decision I took. I have a story to tell. You do not need huge savings to start a successful business!
One of my children wants to be a bank manager. Others are yet to tell me.
I do not have a pastime. I am always too busy. However I have scheduled my time so that at least once a day I pray and read the scriptures. I also do research on the net.
My Business
I fabricate and sale steel doors, gates, windows, grilles, chairs, beds, etc. my products are in demand because they are long lasting, secure and attractive.
I chose this business because there was demand, and of course it is my area of training.
In a month a spend US Dollars 1700 in purchasing materials, paying rent and electricity, paying my two helpers and licenses. I get an average of US Dollars 350 as revenue or profit per month.
Most of my revenue I spend in educating my children. One of my children is at university.
Loan Proposal
I wish to stock consumables which i use in my business. This include: paints, brushes, welding rods, grinding discs, hinges, bushes, hacksaw blades, sand papers and filler compounds.
Regular trips to the hardware shop to purchase missing items is quite costly and time wasting. It also gives a bad impression to customers.
when this items are conspicuously stocked they make customers develop confidence with the enterprise. it is one way of beating competition which am seeing coming very fast. However am not afraid.
20 kg welding rods, US Dollars 38
10 hacksaw blades, US Dollars 12
10kg filler US Dollars 35
5 grinding discs US Dollars 9
4 painting brushes US Dollars 7
20 bushes US Dollars 11
20 hinges US Dollars 5
Feedback
Positive
1
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$99.00
Date disbursed
Jan 26, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United Kingdom
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