Name
Vitalis
Member since
December 2011
On-time repayments
40 installments • 50%
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
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
Due the demand from my regular customers, i have come up with new designs of gates, doors, windows since more competitors are emerging everyday.
If granted the loan i will used the loan as detailed below:
To buy one more grinding machine,and then add more materials for welding and working capital. i shall also buy one welding machine worth 25,000/=,grinder 20,000/=,working capital 60, 000/=.
Positive
13
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$1,166.00
Date disbursed
Sep 16, 2013
Repayment status
Late
Projected term
20 months
Other loans
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