Materials for large client order in welding business
Eric
Kisii, Kenya
100% repaid
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 have an order, from my client for the first time to fabricate a gate worth US Dollars 882 when complete. This one is incredible! it is a challenge and a test. He gave a downpayment of US Dollars 235. from this gate my business will gain a lot. If i vet funds i will be able to purchase item 2 and 3 as listed below. Ishall have passed the test. material needed for the fabrication of the said gate include:
-black pipes 1.5 inch external diameter 19 pieces, US Dollars -247
-square tubes 2x2 inch 8 pieces US Dollars-141
-square tube 4x4 inch 4 pieces US Dollars-94
- black sheet metal gauge 16, 1 pieces US Dollars-42
-filler compound 4 kgs, US Dollars-71
-4 cutting discs, US Dollars-15
- 2 grinding discs US dollars-7
- 2litre paint US Dollars-7
- 8 bushes(hinges) US Dollars-9
-7 hacksaw blades, US Dollars-8
- 10 kg welding rods -19
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$193.00
Date disbursed
Apr 7, 2015
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
I want my "My loans" page back, Qatar
United States
Hong Kong
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