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
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/=.
Feedback
Positive
13
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,166.00
Date disbursed
Sep 16, 2013
Repayment status
Late
Projected term
20 months
Other loans
Lenders
United States
WOLLONGONG, Australia
Hampshire, United Kingdom
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Summary
Amount repaid
$948.29
Amount remaining
$417.21
Expected completion
Jun 15, 2015
Status
Repaying late
Installment amount
$68.28
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 14, 2013 | $68.28 | Oct 22, 2013 | $68.28 |
| Dec 14, 2013 | $68.28 | Oct 22, 2013 | $0.69 |
| Nov 9, 2013 | $67.59 | ||
| Jan 14, 2014 | $68.28 | Nov 9, 2013 | $1.38 |
| Dec 12, 2013 | $45.98 | ||
| Dec 16, 2013 | $20.92 | ||
| Feb 14, 2014 | $68.28 | Dec 16, 2013 | $2.07 |
| Jan 14, 2014 | $34.48 | ||
| Jan 15, 2014 | $31.72 | ||
| Mar 15, 2014 | $68.28 | Jan 15, 2014 | $2.76 |
| Feb 12, 2014 | $34.48 | ||
| Feb 17, 2014 | $31.03 | ||
| Apr 15, 2014 | $68.28 | Feb 17, 2014 | $14.94 |
| Mar 16, 2014 | $34.48 | ||
| Mar 17, 2014 | $18.85 | ||
| May 15, 2014 | $68.28 | Mar 17, 2014 | $15.63 |
| Apr 16, 2014 | $17.24 | ||
| Apr 18, 2014 | $35.40 | ||
| Jun 15, 2014 | $68.28 | Apr 18, 2014 | $16.32 |
| May 24, 2014 | $11.49 | ||
| Jun 4, 2014 | $34.48 | ||
| Jun 9, 2014 | $5.98 | ||
| Jul 15, 2014 | $68.28 | Jun 9, 2014 | $17.01 |
| Jun 20, 2014 | $34.48 | ||
| Jul 15, 2014 | $16.78 | ||
| Aug 15, 2014 | $68.28 | Jul 15, 2014 | $6.21 |
| Aug 30, 2014 | $34.48 | ||
| Sep 14, 2014 | $27.59 | ||
| Sep 15, 2014 | $68.28 | Sep 14, 2014 | $6.90 |
| Nov 4, 2014 | $34.48 | ||
| Mar 17, 2015 | $26.90 | ||
| Oct 15, 2014 | $68.28 | Mar 17, 2015 | $7.59 |
| Oct 28, 2019 | $22.99 | ||
| Nov 14, 2019 | $22.99 | ||
| Jan 17, 2020 | $14.71 | ||
| Nov 14, 2014 | $68.28 | Jan 17, 2020 | $8.28 |
| Oct 2, 2020 | $22.99 | ||
| Jan 22, 2021 | $5.75 | ||
| Mar 30, 2021 | $11.49 | ||
| Apr 29, 2021 | $11.49 | ||
| May 27, 2021 | $5.75 | ||
| Jun 29, 2021 | $2.53 | ||
| Dec 14, 2014 | $68.28 | Jun 29, 2021 | $8.97 |
| Aug 13, 2021 | $5.75 | ||
| Sep 27, 2021 | $5.75 | ||
| Oct 16, 2021 | $5.75 | ||
| Dec 8, 2021 | $5.75 | ||
| Feb 4, 2022 | $5.75 | ||
| Feb 21, 2022 | $5.75 | ||
| Apr 11, 2022 | $5.75 | ||
| Jun 8, 2022 | $11.49 | ||
| Jan 14, 2015 | $68.28 | ||
| Feb 14, 2015 | $68.28 | ||
| Mar 15, 2015 | $68.28 | ||
| Apr 15, 2015 | $68.28 | ||
| May 15, 2015 | $68.28 | ||
| Jun 15, 2015 | $68.25 | ||
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