Machinery for welding workshop

Richard Lewa

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Richard Lewa

Member since

September 2016

On-time repayments

226 installments  •  88%

About Me

My name is Richard Lewa born in kilifi and the second child in a family of nine. I schooled at bundacho primary thereafter robe boys high school. I then went to the Mombasa industrial training centre a did a course in welding and fabrication. I managed to get funds from the youth funds 2011 and bought some welding equipments and opened my workshop in mshomoroni, Mombasa. My culture is nice more so when one marries and goes to pay dowry, there must be palm wine for the elders to bless the marriage. I am blessed with one child who wants to be a teacher. In my free time, I love watching soccer.

My Business

I deal with welding and fabrication business where i design and produce doors, windows, furniture and also does repairing motors. The service is useful because the construction and housing business is good here. My first loan has improved the business alot eve my profits have grown. I am now making on average $ 150 each month from a figure of average $ 70 per month. I use the profit in supporting my family and to grow the business.

Loan Proposal

With this loan, I will add to what I have already saved and buy a drilling machine for my workshop. I normally lend this machine at $2 whenever I get a job that requires drilling. This will enable me to save this amount for the purpose of extending my workshop. I will highly appreciate if my loan is considered.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$21.60

Date disbursed

Sep 30, 2016

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $0.94

Richard opted to pay $4.16 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

Paul Buchheit

Mountain View, United States

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