Edison has a workshop where he makes beds and bedroom furniture. He has been in this type of business for about ten years. He learned the ins and outs of the trade when he was an assistant for his uncle. While he was an assistant, he saved up enough money to buy second-hand machinery. His business now consists of making the beds and frames for most furniture. He sends his product to a furniture retailer who adds the color and finishing touches to his product. He makes about 12 complete bedroom sets a month with the help of his 4 employees.
Edison needs the loan because he wants to invest in wood. He received a loan several months ago, before the rainy season, that he also used to buy wood. It helped because the in the months following his loan, wood became much more expensive. Although the prices of wood are back to normal, it is still beneficial to buy in bulk. He also hopes to invest in other necessary materials such as nails and glue.
Edison is 28 years old and he is single. He lives right next to his mother in a home made out of bamboo-like wood. His goal is to improve his mother’s home and to continue improving his business.
94View loans »