Making hospital beds

Philip Kibiwott Chelilim

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Philip Kibiwott Chelilim

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 want to buy more timbers for my business to make more furniture.This will make the items readily available and also boost my earnings by about 10%.

Income Source

Beside my current business,i am employed and am working from home and am also being paid.In addition i have received huge orders especially for hospital bed and they will pay me a down payment as soon as i make the first 15 beds.Therefore i am confident of repaying my loan without much difficulty.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$297.66

Date disbursed

Apr 14, 2020

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $26.37

Credit risk payment: $34.28

Lenders

B

Bpryse

Long beach, United States

MarktheMormon

Sandy, Utah, United States

MindMuse

Talking Rock, United States

Treesforpeople

Oxfordshire, United Kingdom

Paul Buchheit

Mountain View, United States

V

Vivek

Arlington, VA, United States

P

PeterP

United Kingdom

Vratik Krocik

Prague, Czech Republic

M

Margaret

United States

S

SD

Japan

M

Mary

United States

T

TP

United States

Nick Studenski

Minneapolis, United States

Joost

Noord Brabant, Netherlands

DD

Dixie Davis

Kyle, United States

Frosty

North Pole, United States

Sayuri

United Kingdom

Maria Lawler

United States

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Summary

Amount repaid

$297.66

Amount remaining

$0.00

Date repaid

May 16, 2020

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Apr 27, 2020 $74.42 May 8, 2020 $74.42
May 4, 2020 $74.42 May 8, 2020 $74.42
May 11, 2020 $74.42 May 16, 2020 $74.42
May 18, 2020 $74.40 May 16, 2020 $74.40

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