Entrepreneur
Name
Vitalis
Member since
December 2011
On-time repayments
40 installments • 50%
About Me
I am married with four children.i live in ruai,embakasi next to a chiefs office.I am a business man dealing with metal fabrication under foxfarm general agerncies.I started business because of the expenses and university fees for my children .With the earnings i get, i buy machines like recently i bought 3 welding machines worth 130,000,2 grinding machines worth 45,000,1 drilling machine 11,000 and working stock(metals) worth 50,000.I train youths on metal works e.g in fabricating gates, doors, windows ,grills,stairs,tables,stools and general welding
My Business
metal fabrication is very important in domestic use thus leading to an increase in the demand of my products .we provide our customers with very good finishing and my supervision is good and the fact that we have minimum repeat jobs.We also have proper security and some of my finished goods i transport them to my residential home(own home).my typical monthly typical costs are around 100,000( without net of labour , rent and power which is about 60,000) thus leaving me with 40,000
Loan Proposal
1. Purchase of 1 PC Grinder machine @ 10000/=
2.Purchase of working materials (stock) @40000/=
3.Fabrication of hand cart for finished goods transportation @10000/=
Feedback
Positive
13
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$718.00
Date disbursed
Jan 16, 2012
Repayment status
On Time
Projected term
10 months
Other loans
Lenders
Southampton, United Kingdom
Luxembourg, Luxembourg
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