Zafen Investment Pro/ile Patrick Joseph, Metalworking
Background Patrick Joseph, 51. Been metalworking for 34 years.
Looking for a $1,500 loan
to purchase a gas welder.
Has an orphan daughter. Will repay the loan every other month for the next 12 months. While working for another metalwork company while he was
younger he saved up for years unHl he had $1,765 and was able to buy basic tools, and as years went on he conHnued to buy more tools unHl his business was crushed in 2010 by the earthquake.
Company & Industry Background Metalworking consists of creaHng gates, windows, doors, chairs, and tables.
Job sector has grown by more than 17.7% since the disaster in HaiH.
$31,000 in sales with an esHmated proﬁt margin of 29% last year. Expected to have a 30% increase in revenue with the adiHon of a gas welder.
Expected to siginiﬁcantly cut down on his greatest expense (electricity, $177 a month $2,124 a year) with the use of a gas welder, and will be able to work even when electricity goes out in HaiH.
Social Good & Community Impact Has been raising an orphaned child, aSer her parents passed away due to cancer ($365)
Hiring one new part Hme employee to help with the workload and recieve clients. ($650)
Free metalworking training for one young person in the HaiHan community (priceless)
Published on Oct 22, 2013