A loan of $1,175 helped to pay for spare motor parts for his business, including lift pumps, oil filters, universal joints, and brake kits.

Sullay's story

Sullay, aged 34, is married and has two children, aged one and four. In 2007, Sullay established his spare motor parts business which includes tires, brake pads, fan belts, batteries, windscreens, inner tubes, motor oil, etc. He began doing business for his mother when he was a small boy. When he became mature, he started his own business.

Sullay has a special interest in business because the income he gets from this business is used to provide his family's livelihood. It is from his business proceeds that he has bought a car and two pieces of land. Working six days a week and 10 hours a day, he earns about SLL 1,200,000 every month from this business.

He would like a loan of SLL 5,000,000. Sullay requires a loan in order to buy lift pumps, oil filters, universal joints, and brake kits. He hopes that this loan will enable him to increase his monthly profits by approximately SLL 350,000.

In the future, Sullay plans to complete his house from the proceeds of the business. By adding to his present capital, he will be able to maximize profits and continue to support his children's education. Increase in the cost of stock is affecting his business and competition is also high, but he offers quality products, so he gains more customers.

Loan details

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Loan details