Handmade wooden furniture

Philip

Eldoret, Kenya

80% repaid

Entrepreneur

Name

Philip

Member since

February 2020

On-time repayments

67 installments  •  37%

About Me

I was born and raised in Turbo from a humble and a God-fearing family.I hold a Degree in Finance from Moi University.I overcame hardship through learning to be self dependent through looking for other avenues of earning income and i managed to achieve this through being self employed; starting my own business.
I started my business through my personal savings.
The unique thing about my culture is the love of unity and togetherness.My hobby is reading novels and making new friends.

My Business

My business is deals with making wood furniture for households, schools,offices,hotels,restaurant and hospitals.I started my business in 2014 when i was still in the University.These goods are in huge demand because institutions and individuals cannot do without them and are part and parcel of their daily lifes and operations.

I chose this kind of business because of its feasibility and sustainability economically.The typical costs in a month (in dollars) include costs of timber 1000 dollars ,electricity 100 dolars,labour 300 dollars,business permit 20dollars,logistics 100 dollars and miscellaneous cost of an average of 100 dollars.My gross revenue has been averaging 3200 dollars per month.

I use the profits to pay school fees for my siblings,their upkeep and also reinvesting in my business.

Loan Proposal

I will use this loan to add timber stock for my business.This will enable me make more furniture to serve the current orders and make more items readily available for my clients.

Income Source

i currently have huge orders and most of my customers have made deposits.I am therefore certain that these items in order will be paid for .I also have other sources of income .

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$431.00

Date disbursed

May 22, 2020

Repayment status

Late

Projected term

14 months

Lenders

Daniel

Brussels, Belgium

T

Tmann

Los Angeles, United States

A

Anninymouse

Southampton, United Kingdom

Mikey

London, United Kingdom

M

Meckel

Boulder, United States

cyrus0302

San Francisco, United States

B

Bpryse

Long beach, United States

Charmonica

London, United Kingdom

MarktheMormon

Sandy, Utah, United States

rickytherhino

Decatur, United States

E

evanglend

Arlington, United States

J

JakeA

Wellington, New Zealand

J

Joyful

Philadelphia, United States

G D Export

Kolkata, India

Jason

Auckland, New Zealand

J

Joggele

Austria, Austria

P

PeterP

United Kingdom

M

Margaret

United States

JH

Joseph Hwang

Houston, United States

A

Anne

Germany

Sayuri

United Kingdom

A

Anonymous

United States

MF

Makepeace-Boyle Family

New Brunswick, Canada

S

Simon

Germany

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