I need to buy spares for the truck for hire

Entrepreneur

About Me

My name is Joel the mechanic, I was born in Kabwe and i grew up with my Sister because our parents used to travel alot on business trips in search of business, and my father was dealing in Cooking oils across borders. So he used to be home after a month and Mom used to order timber and take to Lusaka for sale, and she would also spend more than two weeks. So i never had a chance to spend my time with my parents. Until i grew up and finished all levels my school in Lusaka and went to college to study mechanics and i am now the owner of the garage where i am doing servicing of car's engines. And now i am planing to buy spares for the truck i use to tow broken down vehicles because i used to earn a lot of income. I used to hire the truck within Lusaka, and the charges where according to the distance and i want to make sure i start again and make money. At least if i dont make money on servicing the engines, i can make money on towing services.

My Business

I own a garage for servicing the vehicle engines. And i also sale used spares to the motorists that do not have enough money to replace with new ones. I service all types of Engines and i have been doing this for 3 years and i have gained more experience. So i want to Raise a Loan because it has come as an emergency and i need to replace fuel pump and change the air filter so that i can use it for hiring. This truck will help many people because we have too many accidents occurring nearly every day in our city and they are busy looking for companies to hire them a truck to tow them. And i choose this business because i am a mechanic. I already bought 4 tyres and replaced them. And i have already spent about $700 on the truck and i know that will be recovered within 2 weeks. And i will use the profit for improving my garage because i have seen there is a lot of changes i need to make in terms of our services.

Loan Proposal

I will buy Fuel pump and Air filter and Oil filter to replace the old ones and my truck will be operating again. This will bring more income to my garage as i really need more funds to run the workshop and improve our services more. And many will benefit because too many accidents happening in our city. And i will make a lot of money from the hiring of my truck for towing vehicles.

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