Wood carving machine for making furniture parts
James
340, Kenya
100% repaid
Entrepreneur
Name
James
Member since
April 2013
On-time repayments
382 installments • 89%
About Me
My name is James Mwangi Kamau. I am married with two kids and I live at Utawala near MC Area where I run a hardware shop. I am an accountant by profession and after working for over 10 years in a formal sector I decided to start my business of selling hardware equipments and building materials. I started this business because the job where I was employed before was not paying well and I needed more money to be able to cater the needs of my family and expand financially. The hardware business in our area is more profitable because is a new upcoming real estate and many domiciles are under construction.
My Business
My hardware business is located near a busy road that connects Utawala with the rest of the Estate. Its about 200m from the main road. The name of the shop is "Jaba Hardware" and is a brand name of the whole estate and many customers prefer my goods because they are of high quality and I provide better customer service. I have employed two workers to help deliver the goods to my customers on time. My monthly turnover is Kenya shillings 400000 per month, which gives me a profit of Ksh 20000 after incurring all the expenses . I sell building equipments such as hammers, saws, nails, priers and building materials such as sand, ballast, stones, timber, iron sheets and sanitary wares.
Loan Proposal
The equipments I wish to buy are wood curving machine and grinder and repair my wood making machine that will be used in workshop intend to increase my wood product stock such mdf ', block board ,corner ,archtruf , fisial boards the cost of woof curving machine 670 dollars the grinder 200 dollar s
About Me
Hi Hi My name is James Mwangi Kamau am married with three Kinds and I live at Utawala near MC Area where I run a hardware shop. I am an accountant by profession and After working for over 10 years in a formal sector I decided to start my business of selling hardware equipment and building materials. I started this business because the job was employed was not paying well and I need more money to be able to cater for my family and expand financial. The hardware business in our area is more profitable because is a new upcoming Estate and many houses are under construction. My first born joined national school he is in form 2. He wish to became a doctor and second born a doctor and third born a teacher/ lecturer
My Business
My hardware business is located near a busy road that connects Utawala with the rest of the Estate. Its about 200m from the main road. The name of the shop is called Jaba Hardware and is a brand name in the whole estate and many costumes prefer my goods because they are of high quality and better customer service. I have employed two workers to help deliver the goods to my Customer on time. My monthly turnover is kenya shillings 1,900,000 month which which gives me a profit of Ksh 80000 after all the expenses . I sell building equipments such as hammers, saws, nails,priers and building materials such as sand,ballast, stones, Timber,iron sheets and sanitary wares and cement in bulk. The profits I get I use to pay loan and iam currently building a big premises for my business to shift but I have not shifted since I bought a lorry for collecting stock especially cement and other as I am intending to become a Contructor and I am in processor registering a company a and I pay School fees for my kids
Loan Proposal
The equipments I wish to buy are wood curving machine and grinder and repair my wood making machine that will be used in workshop intend to increase my wood product stock such mdf ', block board ,corner ,archtruf , fisial boards the cost of woof curving machine 670 dollars the grinder 200 dollar s
Feedback
Positive
6
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,023.00
Date disbursed
Jan 21, 2016
Repayment status
On Time
Projected term
9 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
Taiwan
United States
Doha, Qatar
Italy
United States
Norway
Chicago, United States
United States
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Summary
Amount repaid
$1,076.88
Amount remaining
$0.00
Date repaid
Oct 10, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 3, 2016 | $26.00 | Feb 1, 2016 | $26.00 |
| Feb 10, 2016 | $26.00 | Feb 8, 2016 | $26.00 |
| Feb 17, 2016 | $26.00 | Feb 14, 2016 | $26.00 |
| Feb 24, 2016 | $26.00 | Feb 22, 2016 | $26.00 |
| Mar 2, 2016 | $26.00 | Feb 28, 2016 | $26.00 |
| Mar 9, 2016 | $26.00 | Mar 6, 2016 | $26.00 |
| Mar 16, 2016 | $26.00 | Mar 12, 2016 | $26.00 |
| Mar 23, 2016 | $26.00 | Mar 20, 2016 | $26.00 |
| Mar 30, 2016 | $26.00 | Mar 28, 2016 | $26.00 |
| Apr 6, 2016 | $26.00 | Apr 4, 2016 | $26.00 |
| Apr 13, 2016 | $26.00 | Apr 11, 2016 | $26.00 |
| Apr 20, 2016 | $26.00 | Apr 18, 2016 | $26.00 |
| Apr 27, 2016 | $26.00 | Apr 25, 2016 | $26.00 |
| May 4, 2016 | $26.00 | May 1, 2016 | $26.00 |
| May 11, 2016 | $26.00 | May 9, 2016 | $26.00 |
| May 18, 2016 | $26.00 | May 14, 2016 | $26.00 |
| May 25, 2016 | $26.00 | May 22, 2016 | $26.00 |
| Jun 1, 2016 | $26.00 | May 29, 2016 | $26.00 |
| Jun 8, 2016 | $26.00 | Jun 5, 2016 | $26.00 |
| Jun 15, 2016 | $26.00 | Jun 13, 2016 | $26.00 |
| Jun 22, 2016 | $26.00 | Jun 19, 2016 | $26.00 |
| Jun 29, 2016 | $26.00 | Jun 26, 2016 | $26.00 |
| Jul 6, 2016 | $26.00 | Jul 3, 2016 | $26.00 |
| Jul 13, 2016 | $26.00 | Jul 11, 2016 | $26.00 |
| Jul 20, 2016 | $26.00 | Jul 17, 2016 | $26.00 |
| Jul 27, 2016 | $26.00 | Jul 24, 2016 | $26.00 |
| Aug 3, 2016 | $26.00 | Jul 31, 2016 | $26.00 |
| Aug 10, 2016 | $26.00 | Aug 6, 2016 | $26.00 |
| Aug 17, 2016 | $26.00 | Aug 14, 2016 | $26.00 |
| Aug 24, 2016 | $26.00 | Aug 20, 2016 | $26.00 |
| Aug 31, 2016 | $26.00 | Aug 28, 2016 | $26.00 |
| Sep 7, 2016 | $26.00 | Sep 4, 2016 | $26.00 |
| Sep 14, 2016 | $26.00 | Sep 11, 2016 | $26.00 |
| Sep 21, 2016 | $26.00 | Sep 18, 2016 | $26.00 |
| Sep 28, 2016 | $26.00 | Sep 24, 2016 | $26.00 |
| Oct 5, 2016 | $26.00 | Oct 2, 2016 | $26.00 |
| Oct 12, 2016 | $26.00 | Oct 8, 2016 | $26.00 |
| Oct 19, 2016 | $26.00 | Oct 10, 2016 | $26.00 |
| Oct 26, 2016 | $26.00 | Oct 10, 2016 | $26.00 |
| Nov 2, 2016 | $26.00 | Oct 10, 2016 | $18.00 |
| Oct 10, 2016 | $8.00 | ||
| Nov 9, 2016 | $26.00 | Oct 10, 2016 | $26.00 |
| Nov 16, 2016 | $10.88 | Oct 10, 2016 | $10.88 |
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