Making pipes for installing plumbing in homes
Osmond Ndegwa
Githurai, Kenya
100% repaid
Entrepreneur
Name
Osmond Ndegwa
Member since
February 2016
On-time repayments
156 installments • 85%
About Me
I went to school at mission schools where we were trained to be self reliant and disciplined in life. I took things the way they came and that way I managed to complete my high school and joined a technical teacher training college. I was a teacher for more than ten years before deciding to be on my own.
I can say that I have been blessed because all of my three children have gone through the university and are working.
I love to help the less fortunate in life so that they can have something that they are doing to change their lives for the better.
My Business
I own a metal workshop where I make wrought iron gates, doors, grills and windows which are in great demand due to the construction work going on around my place. I may say that I trained as young boy to do welding and motor vehicle mechanics but I saw that there is less hassle in welding. The business has grown and now I have started a hardware shop for selling the materials that are needed for welding. My customers are the welders who near my location.
I have started repairing angle grinders and arc welding machines which are giving me an extra income.
Loan Proposal
I want to use the loan fund to increase the stock of hollow section tubes which are in different sizes that range from 3/4" square to 2" square and will cost about US$ 600 , metal plates that will cost US$ 300 , welding rods that will cost US$280, Zed bars and Tee bars that will cost US$ 150.
I also want to start selling plumbing pipes and fittings which will cost US$ 200. The purchase will bring in new customers who I had not targeted earlier and shall save the customers time since the goods will be closer.
I intend to have an increased profit by up to 50% and I know that this is achievable.
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,119.48
Date disbursed
Oct 4, 2017
Repayment status
On Time
Projected term
24 months
Cost to entrepreneur
Service fee: $44.21
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SKWAW Sep 17, 2017
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