Purchase of a drilling machine

Richard

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Richard

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

What I will do with the loam amount is that I purchase a drilling machine which will cost me $ 60. This will highly enhance efficiency of my business. I will save in my profit by not renting a machine again.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$60.00

Date disbursed

Dec 7, 2016

Repayment status

On Time

Projected term

7 months

Lenders

R

Rembrandt

United Kingdom

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

Ask Richard a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Richard    Apr 19, 2022

    Financial constraints since business has been knocked down and just recovering from the covid 19 pandemic.

    Log in to reply • Share
  • Richard    Apr 19, 2022

    Hello Lenders, I hope you are all doing great. I am ok too. I thank you so much for supporting me.

    Log in to reply • Share
  • Shellemiah    Dec 8, 2021

    Halo lenders,
    I have spoken to lewa who is in a financial fix but promised to reschedule his payment to a lower amount till things become better for him
    Thanks for understanding

    Log in to reply • Share
  • Daniel    Sep 17, 2021

    Dear Lenders,
    have spoke to Mr Lewa and he has promised to settle the debtsoon

    Log in to reply • Share
  • Madesto    Apr 4, 2021

    Lewa agreed to pay the loan on 12th may after adjusting the installment

    Log in to reply • Share
  • Richard    Mar 29, 2021

    Dear Lenders, I hope you are all doing well despite the Covid 19 pandemic that has changed our way of life and business. I will always endeavor to repay my loan. My business is currently undergoing some challenges but I pray that things will get better soonest. Thank you all.

    Log in to reply • Share
  • Madesto    Mar 3, 2021

    i called richard lewa and he promised to pay the dues in the course of this month.thank you

    Log in to reply • Share
  • Richard    Dec 10, 2020

    Reduced installments due to financial challenges.

    Log in to reply • Share
  • Richard    Oct 24, 2020

    hard financial times

    Log in to reply • Share
  • Janice    Oct 9, 2020

    He was not available as I had to contact one of his referees and told me that he will remind him to pay or reschedule his loan accordingly.

    Log in to reply • Share
  • Janice    Sep 7, 2020

    I have advised Richard to re-adjust his loan payments plan so as to remain on time and update the lenders on the progress his business has brought.

    Log in to reply • Share
  • Richard    Jul 14, 2020

    Thanks a lot to all my lenders.
    I will buy a brand new welding machine for my welding and fabrication business. This loan will help me in a great way. I have currently created one more job opportunity in my workshop since i am currently getting large volume of orders from my clients. This will assist in prudent utilization of labor therefore leading to more productivity and business profits. I thank you again all my lenders for making this a reality.

    Log in to reply • Share
  • Anonymous    Jul 13, 2020

    Good luck!

    Log in to reply • Share
  • Richard    Jul 12, 2020

    Dear Lenders, I really appreciate your support in lending me. The loan has assisted me greatly revamping my business. My proceeds have improved. My clientele portfolio has also grown tremendously. Thanks a lot for your support.

    Log in to reply • Share
  • Alex    Jun 7, 2018

    Dear Lenders, I have been in contact with Richard. He promised to resume repaying.

    Log in to reply • Share
  • Richard    Sep 17, 2017

    Thanks Zidisha.

    Log in to reply • Share
  • Richard    Sep 15, 2017

    I very happy with my life and the business in all. My customers are enjoying my services due to the big welding machine I bought. Thanks once again Zidisha team and family.

    Log in to reply • Share


Loading...

Loading...

Loading...