Carpentry workshop

Vitalice Charles

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Vitalice Charles

Member since

November 2016

On-time repayments

84 installments  •  85%

About Me

Hello,
My name is vitalice onyango. I'm 40 years and I'm a carpenter by profession. I was born in Siay a district in Kenya. My childhood days were spent looking after my fathers cattle, which was the livelihood of our large family of 8 siblings.
I trained as a carpenter, a trade which was the only option after failing to get school fees to continue with education. I came to Nairobi some 10 years ago and a friend of mine introduced me to his local way of work, we have been doping simple repairs in the local area of Mathare North area 2 since.
However, I have children in school, the little jobs we do and the strains in the economy has pushed me to think of how to get money to open my workshop. I will be happy if you could help fund my workshop project.
As a born again https://www.sportpesa.com/#, when I have no work at the workshop, I spend most of my time in the church at the Jesus winner ministry where I like sharing the word of God.

My Business

Workshop in the area of Mathare area 2
The nature of the intended project is to open a workshop where my friend and I would work at ease without the need to go round searching for clients. I will buy a surface planner and a lathe machine to help with wood work.
At the moment, the projected cost of the project is at Ksh-150,000 which will be enough to buy the two machines. on atypical month, the cost of purchasing other supplies will include another Ksh-30,000 and the rental cost will take Ksh-5,000 per month.
I spend Ksh-4500 as the rental cost for my house where I reside with my children. the school fees usually takes Ksh-150,000 per year.

Loan Proposal

To expand my workshop, to make ready made,such as coffee set tables, ksh 20000, beds 3) 6, 4 )6, ksh 7000, 12000
My customers has have conducive spirit upon my clients, so that they can trust me in my firm ,hence more profit. The profit margin will be increased by 60% profit.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$149.96

Date disbursed

Feb 20, 2018

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: $6.31

Lenders

Kelly

United States

Jim Murray

United States

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