Repairing tractors to pay for college | Village Invest

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Repairing tractors to pay for college

India
Small enterprise
Yellow rating
Low risk
$0 / $1,480
0%

Prahlad began working as a welder at a very young age, learning on the job and eventually opening his own workshop in Saki Saheli where he now lives with two of his children. His eldest son lives in Hyderabad, Telangana state, where he is studying in college.

Prahlad is extremely supportive of all his children and wants to ensure that they have the best possible chance of achieving their ambitions. For his daughter, that's to become a teacher.

Tractors and teaching

If all three children are to stay in education Prahlad needs to be able to save more money. Having examined his business, he has decided that he will move his workshop to a bigger location and buy the machinery necessary to take on bigger projects.

Prahlad has also calculated that he could save time, energy and earn up to $16 a day more if he had an automatic hammering machine. A bigger workshop and more efficient equipment will mean that Prahlad can take on more lucrative clients and start repairing tractor parts. He is looking for a loan of $1480 which he will us to purchase the hammering machine. Once he has it, he is confident that he will be able to repay the loan in just 12 months!