Car spare parts for my shop

Nicholas

Berekum, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Nicholas

Member since

November 2017

On-time repayments

30 installments • 80%

About Me

The name given to when I was born in Berekum is Oteng Nicholas. I had all my basic and secondly education in Berekum here. Due to financial constraint on the part of my parents I was asked to divert education to apprenticeship where I started learning mechanics (Fitter). I came out successfully and started my own shop.I have about 3 new apprentices learning or working under me.

My Business

My business is situated at Berekum Magazine where I buy assorted car parts and repair cars as well. I am a car mechanic as we call in Ghana car fitter.I have done this work for the past Seven years now. I sell all kinds of car parts ranging from Opel cars, Toyota, Benz, Nissan and others. It is in a hot demand since people use cars everyday.

Loan Proposal

Thanks to all lenders for the first loan application and the opportunity given again.When this loan is 100% funded,it will enable me purchase more car parts for my shop so that I can get my profit out of it after selling them.
I will buy 3 bonnets of Opel Astra with Price of $ 55. Eight fenders of Opel Astra costing $ 45 and finally I will be adding 2 each,back and front absorbers of Opel Astra with price of $ 52.
These items when purchase them into my shop will raise my profit margin to about $ 45 a week.The income and for that matter the profit will be a source of income for taking good care of my family and to repay the loan.
Once again thank you all.