226 installments • 88%
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.
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.
I will use this loan to buy a new welding machine. I have created one more vacancy in my workshop thus making it necessary for the purchase of the machine to promptly engage the labor.
I have so far registered my business and i am in possession of requisite documents to fore show that the director. This has assisted the building in confidence of my clients since they know that the deals that are engaging into with me are genuine. It has also assisted in referrals of my products from the existing clients. Thus i get more orders resulting to good profits that i will use to repay the loan.
Jul 14, 2020
Cost to entrepreneur
Service fee: $41.60
Credit risk payment: $49.92