Purchase hand grinder for onestone welding enterprise

Japhet Yatich

Kapsabet, Kenya

1% repaid

Entrepreneur

Name

Japhet Yatich

Member since

January 2016

On-time repayments

106 installments  •  1%

About Me

My name is Japheth, My parents passed away when I was young and I had to move into a local children home which supported me with all my basic needs till I completed secondary school then also supported me to acquire welding training as well as start the welding business which I am running.

My dreams for the future is to expand my business and also offering training opportunity to local young people so that our community can be developed.

My Business

Onestone Welding Enterprise involves making customized iron items such as doors, windows, gates, beds and chairs. I started the business after successfully completing the welding training. I decided to venture into this business because I loved the job as my father used to work as a welder and also I had the passion for using my hands to develop items.In a good month my profits ranges between $120 - $180 depending on the demand. I use my profits to cater for my family and expand the business. My biggest challenge is lack of equipments and tools to enable me make professional items for my customers. My customers are individuals who are doing construction as well as institutions such as schools and churches. My goals for my business is to expand and introduce training opportunity for local young people. Am proud of the good relationship I have with local people thus they give me orders or refer people to my business.

Loan Proposal

I intend to use zidisha loan plus my savings to buy hand grinder which costs $ 125.18. The new equipment will assist me to make professional items thus meeting customers demand which will contribute to high profit. I will use part of the profit to expand my business by buying more equipments hence creating opportunity to the local people. I will also support my wife business to expand and provide better life for my family.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.26

Date disbursed

Jan 30, 2016

Repayment status

Late

Projected term

24 months

Cost to entrepreneur

Service fee: $4.16

Japhet opted to pay $24.70 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

M

mikedufty

Perth, Australia

matt carroll

London, United Kingdom, United Kingdom

MW

Matt Willis

United States

Arnaud M

Sydney, Australia

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Summary

Amount repaid

$1.00

Amount remaining

$104.27

Expected completion

Feb 11, 2018

Status

Repaying late

Installment amount

$1.00

Repayment History

Expected Payments Actual Payments
Feb 7, 2016 $1.00 Feb 4, 2016 $0.55
Feb 4, 2016 $0.45
Feb 14, 2016 $1.00
Feb 21, 2016 $1.00
Feb 28, 2016 $1.00
Mar 6, 2016 $1.00
Mar 13, 2016 $1.00
Mar 20, 2016 $1.00
Mar 27, 2016 $1.00
Apr 3, 2016 $1.00
Apr 10, 2016 $1.00
Apr 17, 2016 $1.00
Apr 24, 2016 $1.00
May 1, 2016 $1.00
May 8, 2016 $1.00
May 15, 2016 $1.00
May 22, 2016 $1.00
May 29, 2016 $1.00
Jun 5, 2016 $1.00
Jun 12, 2016 $1.00
Jun 19, 2016 $1.00
Jun 26, 2016 $1.00
Jul 3, 2016 $1.00
Jul 10, 2016 $1.00
Jul 17, 2016 $1.00
Jul 24, 2016 $1.00
Jul 31, 2016 $1.00
Aug 7, 2016 $1.00
Aug 14, 2016 $1.00
Aug 21, 2016 $1.00
Aug 28, 2016 $1.00
Sep 4, 2016 $1.00
Sep 11, 2016 $1.00
Sep 18, 2016 $1.00
Sep 25, 2016 $1.00
Oct 2, 2016 $1.00
Oct 9, 2016 $1.00
Oct 16, 2016 $1.00
Oct 23, 2016 $1.00
Oct 30, 2016 $1.00
Nov 6, 2016 $1.00
Nov 13, 2016 $1.00
Nov 20, 2016 $1.00
Nov 27, 2016 $1.00
Dec 4, 2016 $1.00
Dec 11, 2016 $1.00
Dec 18, 2016 $1.00
Dec 25, 2016 $1.00
Jan 1, 2017 $1.00
Jan 8, 2017 $1.00
Jan 15, 2017 $1.00
Jan 22, 2017 $1.00
Jan 29, 2017 $1.00
Feb 5, 2017 $1.00
Feb 12, 2017 $1.00
Feb 19, 2017 $1.00
Feb 26, 2017 $1.00
Mar 5, 2017 $1.00
Mar 12, 2017 $1.00
Mar 19, 2017 $1.00
Mar 26, 2017 $1.00
Apr 2, 2017 $1.00
Apr 9, 2017 $1.00
Apr 16, 2017 $1.00
Apr 23, 2017 $1.00
Apr 30, 2017 $1.00
May 7, 2017 $1.00
May 14, 2017 $1.00
May 21, 2017 $1.00
May 28, 2017 $1.00
Jun 4, 2017 $1.00
Jun 11, 2017 $1.00
Jun 18, 2017 $1.00
Jun 25, 2017 $1.00
Jul 2, 2017 $1.00
Jul 9, 2017 $1.00
Jul 16, 2017 $1.00
Jul 23, 2017 $1.00
Jul 30, 2017 $1.00
Aug 6, 2017 $1.00
Aug 13, 2017 $1.00
Aug 20, 2017 $1.00
Aug 27, 2017 $1.00
Sep 3, 2017 $1.00
Sep 10, 2017 $1.00
Sep 17, 2017 $1.00
Sep 24, 2017 $1.00
Oct 1, 2017 $1.00
Oct 8, 2017 $1.00
Oct 15, 2017 $1.00
Oct 22, 2017 $1.00
Oct 29, 2017 $1.00
Nov 5, 2017 $1.00
Nov 12, 2017 $1.00
Nov 19, 2017 $1.00
Nov 26, 2017 $1.00
Dec 3, 2017 $1.00
Dec 10, 2017 $1.00
Dec 17, 2017 $1.00
Dec 24, 2017 $1.00
Dec 31, 2017 $1.00
Jan 7, 2018 $1.00
Jan 14, 2018 $1.00
Jan 21, 2018 $1.00
Jan 28, 2018 $1.00
Feb 4, 2018 $1.00
Feb 11, 2018 $0.27

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