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
If granted the loan,i will do the following
replace one old welding machine @ kshs 30,000
add one more grinding machine @kshs 20,000
The rest kshs 50,000 will be used to buy working stock/materials for metal fabrication .
This is to inform you that since my previous loan which i got in January,2012 from Zidisha Inc., my business has grown two fold(doubled). And now i have more customers than before.I believe that the next loan will boost my business probably to three times.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,200.00
Date disbursed
Nov 14, 2012
Repayment status
On Time
Projected term
12 months
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